Crossmark Global Holdings Inc. Cuts Stock Position in Stifel Financial Corp. (NYSE:SF)

Crossmark Global Holdings Inc. lessened its holdings in Stifel Financial Corp. (NYSE:SF) by 11.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 6,265 shares of the financial services provider’s stock after selling 840 shares during the period. Crossmark Global Holdings Inc.’s holdings in Stifel Financial were worth $527,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of SF. Versant Capital Management Inc increased its stake in Stifel Financial by 1,818.8% in the 2nd quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider’s stock worth $26,000 after buying an additional 291 shares in the last quarter. Fidelis Capital Partners LLC purchased a new stake in Stifel Financial in the 1st quarter worth $32,000. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in Stifel Financial in the 1st quarter worth $33,000. Montag A & Associates Inc. increased its stake in Stifel Financial by 336.2% in the 4th quarter. Montag A & Associates Inc. now owns 759 shares of the financial services provider’s stock worth $52,000 after buying an additional 585 shares in the last quarter. Finally, Bessemer Group Inc. increased its stake in Stifel Financial by 388.3% in the 1st quarter. Bessemer Group Inc. now owns 796 shares of the financial services provider’s stock worth $62,000 after buying an additional 633 shares in the last quarter. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. StockNews.com lowered Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. Wolfe Research lowered Stifel Financial from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 22nd. Finally, TD Cowen raised their price objective on Stifel Financial from $85.00 to $88.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $83.50.

Stifel Financial Trading Up 1.3 %

Shares of Stifel Financial stock opened at $88.14 on Monday. The firm has a market cap of $9.04 billion, a price-to-earnings ratio of 20.03 and a beta of 1.11. Stifel Financial Corp. has a twelve month low of $54.81 and a twelve month high of $90.00. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. The business has a 50-day moving average price of $83.88 and a 200-day moving average price of $80.14.

Stifel Financial (NYSE:SF) last released its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $1.60 EPS for the quarter, topping the consensus estimate of $1.54 by $0.06. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. Stifel Financial had a return on equity of 13.24% and a net margin of 11.59%. The firm’s revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the business posted $1.20 earnings per share. Equities research analysts anticipate that Stifel Financial Corp. will post 6.55 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be given a $0.42 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $1.68 annualized dividend and a yield of 1.91%. Stifel Financial’s dividend payout ratio is currently 38.18%.

About Stifel Financial

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.