Stifel Financial Corp. (NYSE:SF) Shares Sold by Park Place Capital Corp

Park Place Capital Corp trimmed its position in shares of Stifel Financial Corp. (NYSE:SF) by 46.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 743 shares of the financial services provider’s stock after selling 641 shares during the period. Park Place Capital Corp’s holdings in Stifel Financial were worth $58,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Montag A & Associates Inc. boosted its stake in Stifel Financial by 336.2% during the 4th quarter. Montag A & Associates Inc. now owns 759 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 585 shares during the period. Bruce G. Allen Investments LLC acquired a new position in Stifel Financial during the 4th quarter valued at about $53,000. Mather Group LLC. acquired a new position in Stifel Financial during the 1st quarter valued at about $66,000. Signaturefd LLC lifted its stake in shares of Stifel Financial by 29.4% in the 4th quarter. Signaturefd LLC now owns 1,030 shares of the financial services provider’s stock worth $71,000 after acquiring an additional 234 shares during the period. Finally, Principal Securities Inc. acquired a new stake in shares of Stifel Financial in the 4th quarter worth approximately $99,000. 82.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Stifel Financial

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

Analyst Ratings Changes

A number of analysts have recently weighed in on SF shares. Citigroup upped their price target on shares of Stifel Financial from $74.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. StockNews.com lowered shares of Stifel Financial from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 9th. TD Cowen boosted their price target on shares of Stifel Financial from $86.50 to $92.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Finally, JMP Securities restated a “market outperform” rating and set 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 issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $84.50.

Stifel Financial Stock Down 0.4 %

Stifel Financial stock opened at $83.83 on Tuesday. The firm has a market cap of $8.59 billion, a PE ratio of 19.05 and a beta of 1.11. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 0.84. The firm’s 50 day moving average price is $80.76 and its two-hundred day moving average price is $76.08. Stifel Financial Corp. has a twelve month low of $54.81 and a twelve month high of $85.25.

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

Stifel Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a $0.42 dividend. The ex-dividend date was Monday, June 3rd. This represents a $1.68 annualized dividend and a yield of 2.00%. Stifel Financial’s dividend payout ratio is presently 38.18%.

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.