Tributary Capital Management LLC Sells 3,410 Shares of Stifel Financial Corp. (NYSE:SF)

Tributary Capital Management LLC reduced its holdings in shares of Stifel Financial Corp. (NYSE:SF) by 21.3% in the first quarter, HoldingsChannel.com reports. The fund owned 12,602 shares of the financial services provider’s stock after selling 3,410 shares during the quarter. Tributary Capital Management LLC’s holdings in Stifel Financial were worth $985,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Norges Bank bought a new stake in Stifel Financial in the fourth quarter worth about $84,369,000. Lazard Asset Management LLC bought a new stake in shares of Stifel Financial in the 3rd quarter worth approximately $13,567,000. Access Investment Management LLC bought a new stake in shares of Stifel Financial in the 4th quarter worth approximately $9,840,000. Channing Capital Management LLC raised its holdings in shares of Stifel Financial by 13.8% in 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. Finally, Crestwood Advisors Group LLC purchased a new stake in shares of Stifel Financial during the 3rd quarter valued at approximately $7,231,000. Institutional investors and hedge funds own 82.01% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling at Stifel Financial

In related news, Director David A. Peacock sold 13,000 shares of the business’s stock in a transaction 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 completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.57% of the stock is currently owned by corporate insiders.

Stifel Financial Price Performance

Shares of NYSE:SF opened at $83.54 on Tuesday. The stock has a market capitalization of $8.56 billion, a PE ratio of 19.05 and a beta of 1.11. Stifel Financial Corp. has a twelve month low of $54.81 and a twelve month high of $85.25. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 0.35. The firm’s 50 day moving average price is $80.76 and its 200-day moving average price is $76.08.

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

Stifel Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $1.68 dividend on an annualized basis and a yield of 2.01%. Stifel Financial’s dividend payout ratio (DPR) 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.