Vanguard Group Inc. Sells 405,997 Shares of Stifel Financial Corporation $SF

Vanguard Group Inc. lessened its holdings in shares of Stifel Financial Corporation (NYSE:SF) by 4.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 9,590,884 shares of the financial services provider’s stock after selling 405,997 shares during the quarter. Vanguard Group Inc. owned approximately 0.09% of Stifel Financial worth $1,200,970,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Ceredex Value Advisors LLC acquired a new stake in Stifel Financial in the 3rd quarter valued at approximately $56,126,000. Wellington Management Group LLP lifted its holdings in shares of Stifel Financial by 13.8% during the third quarter. Wellington Management Group LLP now owns 3,451,787 shares of the financial services provider’s stock worth $391,674,000 after buying an additional 419,038 shares during the last quarter. UBS Group AG boosted its position in shares of Stifel Financial by 206.9% in the third quarter. UBS Group AG now owns 563,419 shares of the financial services provider’s stock valued at $63,931,000 after acquiring an additional 379,817 shares during the period. AQR Capital Management LLC boosted its position in shares of Stifel Financial by 26.8% in the third quarter. AQR Capital Management LLC now owns 1,485,503 shares of the financial services provider’s stock valued at $168,560,000 after acquiring an additional 314,031 shares during the period. Finally, Qube Research & Technologies Ltd grew its stake in shares of Stifel Financial by 130.9% in the third quarter. Qube Research & Technologies Ltd now owns 315,092 shares of the financial services provider’s stock worth $35,753,000 after acquiring an additional 178,656 shares during the last quarter. Institutional investors own 82.01% of the company’s stock.

Insiders Place Their Bets

In related news, insider David Rubulotta sold 600 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $82.87, for a total value of $49,724.00. Following the sale, the insider owned 1,488 shares of the company’s stock, valued at $123,315.52. The trade was a 28.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.28% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SF shares. Stifel Nicolaus set a $92.00 target price on shares of Stifel Financial in a research note on Wednesday, January 14th. Citigroup restated an “outperform” rating on shares of Stifel Financial in a research report on Monday, January 12th. Zacks Research downgraded shares of Stifel Financial from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 21st. Weiss Ratings upgraded shares of Stifel Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Finally, TD Cowen decreased their target price on Stifel Financial from $136.00 to $92.00 and set a “hold” rating on the stock in a research report on Monday, March 23rd. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $91.15.

Stifel Financial Stock Performance

Shares of NYSE SF opened at $77.07 on Friday. The firm has a market capitalization of $11.93 billion, a price-to-earnings ratio of 14.99 and a beta of 1.05. Stifel Financial Corporation has a one year low of $58.24 and a one year high of $89.83. The business has a fifty day simple moving average of $75.25 and a 200 day simple moving average of $79.81. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 0.25.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.06. Stifel Financial had a net margin of 15.34% and a return on equity of 18.95%. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the firm posted $0.49 EPS. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. Sell-side analysts expect that Stifel Financial Corporation will post 6.25 EPS for the current year.

Stifel Financial Company Profile

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.