Stifel Financial Corporation $SF Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its stake in shares of Stifel Financial Corporation (NYSE:SF) by 30.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,565,429 shares of the financial services provider’s stock after selling 1,132,739 shares during the period. Wellington Management Group LLP’s holdings in Stifel Financial were worth $178,990,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. NewEdge Advisors LLC boosted its holdings in Stifel Financial by 5.8% in the first quarter. NewEdge Advisors LLC now owns 2,673 shares of the financial services provider’s stock valued at $252,000 after acquiring an additional 147 shares during the last quarter. Jones Financial Companies Lllp increased its stake in Stifel Financial by 1,162.6% during the first quarter. Jones Financial Companies Lllp now owns 2,702 shares of the financial services provider’s stock worth $255,000 after acquiring an additional 2,488 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Stifel Financial by 106.8% during the second quarter. EverSource Wealth Advisors LLC now owns 974 shares of the financial services provider’s stock worth $101,000 after acquiring an additional 503 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Stifel Financial by 86.5% in the 2nd quarter. First Trust Advisors LP now owns 128,630 shares of the financial services provider’s stock worth $13,349,000 after purchasing an additional 59,662 shares during the period. Finally, Amundi raised its holdings in shares of Stifel Financial by 51.0% in the 2nd quarter. Amundi now owns 31,906 shares of the financial services provider’s stock worth $3,425,000 after purchasing an additional 10,771 shares during the period. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Stifel Financial news, Director Maryam S. Brown sold 4,700 shares of the stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $79.20, for a total value of $372,240.00. Following the completion of the sale, the director owned 5,729 shares of the company’s stock, valued at $453,736.80. This trade represents a 45.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.36% of the stock is currently owned by corporate insiders.

Stifel Financial Trading Down 0.6%

Shares of SF opened at $80.78 on Tuesday. The stock’s 50-day moving average is $79.04 and its two-hundred day moving average is $76.23. The stock has a market cap of $12.20 billion, a PE ratio of 14.46 and a beta of 0.99. Stifel Financial Corporation has a 12 month low of $67.81 and a 12 month high of $89.83. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.88 and a quick ratio of 0.83.

Stifel Financial (NYSE:SF) last issued its earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.09. Stifel Financial had a return on equity of 19.22% and a net margin of 16.11%.The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the prior year, the business earned $1.71 earnings per share. The company’s revenue was up 13.0% compared to the same quarter last year. Equities analysts forecast that Stifel Financial Corporation will post 6.36 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Tuesday, September 1st. Stifel Financial’s dividend payout ratio is currently 24.33%.

Analyst Ratings Changes

A number of analysts have recently issued reports on SF shares. Wall Street Zen cut Stifel Financial from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Weiss Ratings restated a “buy (b-)” rating on shares of Stifel Financial in a report on Wednesday, August 26th. JPMorgan Chase & Co. lifted their price target on shares of Stifel Financial from $80.00 to $86.00 and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Zacks Research upgraded shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, UBS Group set a $90.00 price objective on shares of Stifel Financial in a research report on Thursday, July 23rd. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $91.90.

Stifel Financial Profile

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.