Stifel Financial Corp. (NYSE:SF) Shares Sold by Alaska Permanent Fund Corp

Alaska Permanent Fund Corp lowered its stake in shares of Stifel Financial Corp. (NYSE:SF) by 19.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,019 shares of the financial services provider’s stock after selling 7,544 shares during the quarter. Alaska Permanent Fund Corp’s holdings in Stifel Financial were worth $2,503,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Earnest Partners LLC grew its holdings in shares of Stifel Financial by 0.3% during the 3rd quarter. Earnest Partners LLC now owns 2,802,275 shares of the financial services provider’s stock worth $172,172,000 after purchasing an additional 8,198 shares during the period. FMR LLC grew its holdings in shares of Stifel Financial by 187.4% during the 3rd quarter. FMR LLC now owns 2,220,791 shares of the financial services provider’s stock worth $136,445,000 after purchasing an additional 1,448,068 shares during the period. Norges Bank purchased a new stake in shares of Stifel Financial during the 4th quarter worth about $84,369,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Stifel Financial by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,208,077 shares of the financial services provider’s stock worth $83,539,000 after purchasing an additional 6,645 shares during the period. Finally, Channing Capital Management LLC grew its holdings in shares of Stifel Financial by 13.8% during the 4th quarter. Channing Capital Management LLC now owns 1,128,947 shares of the financial services provider’s stock worth $78,067,000 after purchasing an additional 136,784 shares during the period. Institutional investors and hedge funds own 82.01% of the company’s stock.

Stifel Financial Stock Performance

Stifel Financial stock opened at $81.39 on Friday. The stock has a market cap of $8.34 billion, a P/E ratio of 18.50 and a beta of 1.12. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. The stock has a 50 day moving average of $79.85 and a 200-day moving average of $75.10. Stifel Financial Corp. has a 52 week low of $54.81 and a 52 week high of $84.23.

Stifel Financial (NYSE:SF) last released its earnings results on Wednesday, April 24th. The financial services provider reported $1.49 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.13). The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Stifel Financial had a net margin of 11.34% and a return on equity of 12.40%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.40 earnings per share. On average, analysts expect that Stifel Financial Corp. will post 7.04 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.06%. The ex-dividend date was Monday, June 3rd. Stifel Financial’s dividend payout ratio (DPR) is currently 38.18%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. StockNews.com cut Stifel Financial from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 9th. TD Cowen upped their price target on Stifel Financial from $86.50 to $92.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Citigroup upped their price target on Stifel Financial from $74.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Finally, JMP Securities restated a “market outperform” rating and issued a $88.00 price target on shares of Stifel Financial in a report on Tuesday, April 9th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $84.50.

Insider Activity at Stifel Financial

In related news, Director David A. Peacock sold 13,000 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $79.90, for a total transaction of $1,038,700.00. Following the sale, the director now directly owns 18,646 shares of the company’s stock, valued at approximately $1,489,815.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.57% of the company’s stock.

Stifel Financial Profile

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.