Wedge Capital Management L L P NC Sells 2,287 Shares of Stifel Financial Corp. (NYSE:SF)

Wedge Capital Management L L P NC lowered its position in Stifel Financial Corp. (NYSE:SF) by 11.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,626 shares of the financial services provider’s stock after selling 2,287 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Stifel Financial were worth $1,870,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. FMR LLC lifted its stake in Stifel Financial by 18.8% during the third quarter. FMR LLC now owns 7,956,412 shares of the financial services provider’s stock worth $747,107,000 after purchasing an additional 1,256,595 shares during the period. State Street Corp grew its stake in shares of Stifel Financial by 1.0% in the 3rd quarter. State Street Corp now owns 3,122,342 shares of the financial services provider’s stock valued at $293,188,000 after purchasing an additional 31,101 shares during the period. Earnest Partners LLC raised its holdings in shares of Stifel Financial by 0.8% in the 2nd quarter. Earnest Partners LLC now owns 2,954,099 shares of the financial services provider’s stock worth $248,587,000 after buying an additional 22,040 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Stifel Financial by 1.5% during the 3rd quarter. Stifel Financial Corp now owns 2,279,267 shares of the financial services provider’s stock worth $214,023,000 after buying an additional 33,953 shares during the period. Finally, Wellington Management Group LLP boosted its stake in Stifel Financial by 78.3% in the 3rd quarter. Wellington Management Group LLP now owns 1,958,709 shares of the financial services provider’s stock valued at $183,923,000 after buying an additional 860,465 shares in the last quarter. Institutional investors and hedge funds own 82.01% of the company’s stock.

Insider Activity

In other news, COO David D. Sliney sold 25,000 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $116.18, for a total value of $2,904,500.00. Following the transaction, the chief operating officer now owns 159,619 shares of the company’s stock, valued at $18,544,535.42. This represents a 13.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 4.57% of the company’s stock.

Stifel Financial Price Performance

SF opened at $113.87 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78. The company’s 50 day simple moving average is $110.71 and its 200-day simple moving average is $97.97. Stifel Financial Corp. has a one year low of $68.40 and a one year high of $119.12. The stock has a market capitalization of $11.65 billion, a P/E ratio of 20.59 and a beta of 1.11.

Stifel Financial (NYSE:SF) last announced its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.10). The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.20 billion. Stifel Financial had a net margin of 12.98% and a return on equity of 14.92%. The firm’s quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.60 earnings per share. Sell-side analysts anticipate that Stifel Financial Corp. will post 6.53 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.68 dividend on an annualized basis and a yield of 1.48%. Stifel Financial’s payout ratio is presently 30.38%.

Analysts Set New Price Targets

Several research firms have issued reports on SF. StockNews.com lowered Stifel Financial from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Citigroup increased their target price on shares of Stifel Financial from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. The Goldman Sachs Group boosted their price target on shares of Stifel Financial from $85.00 to $94.00 and gave the company a “neutral” rating in a research report on Thursday, September 26th. Wells Fargo & Company dropped their price objective on shares of Stifel Financial from $130.00 to $128.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Finally, JMP Securities boosted their target price on Stifel Financial from $105.00 to $110.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 9th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Stifel Financial has a consensus rating of “Hold” and a consensus price target of $107.14.

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.