Fuller & Thaler Asset Management Inc. Purchases 1,855 Shares of Stifel Financial Corporation $SF

Fuller & Thaler Asset Management Inc. lifted its position in shares of Stifel Financial Corporation (NYSE:SF) by 0.1% during the first quarter, Holdings Channel.com reports. The institutional investor owned 1,303,656 shares of the financial services provider’s stock after acquiring an additional 1,855 shares during the quarter. Fuller & Thaler Asset Management Inc.’s holdings in Stifel Financial were worth $122,883,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. NBC Securities Inc. acquired a new stake in Stifel Financial in the first quarter worth about $26,000. Alpine Bank Wealth Management acquired a new stake in shares of Stifel Financial during the 1st quarter worth approximately $27,000. Allworth Financial LP increased its position in shares of Stifel Financial by 67.7% in the first quarter. Allworth Financial LP now owns 337 shares of the financial services provider’s stock valued at $29,000 after buying an additional 136 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of Stifel Financial by 123.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 183 shares in the last quarter. Finally, Bessemer Group Inc. boosted its stake in Stifel Financial by 53.0% during the 1st quarter. Bessemer Group Inc. now owns 491 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 170 shares during the last quarter. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Stock Performance

Stifel Financial stock opened at $114.10 on Monday. The company has a market cap of $11.66 billion, a price-to-earnings ratio of 22.11 and a beta of 1.11. The stock’s 50-day moving average is $106.87 and its 200-day moving average is $99.66. Stifel Financial Corporation has a 12 month low of $73.27 and a 12 month high of $120.64. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.82 and a quick ratio of 0.77.

Stifel Financial (NYSE:SF) last released its earnings results on Wednesday, July 30th. The financial services provider reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.06. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. Stifel Financial had a net margin of 11.90% and a return on equity of 13.93%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.60 earnings per share. Equities analysts anticipate that Stifel Financial Corporation will post 8.26 earnings per share for the current year.

Stifel Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a $0.46 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $1.84 annualized dividend and a dividend yield of 1.6%. Stifel Financial’s dividend payout ratio is 35.66%.

Insider Buying and Selling at Stifel Financial

In other Stifel Financial news, Director Michael J. Zimmerman sold 10,000 shares of the business’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $96.69, for a total transaction of $966,900.00. Following the sale, the director owned 45,833 shares in the company, valued at approximately $4,431,592.77. The trade was a 17.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.28% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

SF has been the subject of a number of research analyst reports. Stifel Nicolaus set a $135.00 price target on Stifel Financial in a report on Thursday, July 31st. Wolfe Research upgraded Stifel Financial from a “peer perform” rating to an “outperform” rating and set a $108.00 price target for the company in a report on Thursday, April 24th. Wells Fargo & Company increased their price target on Stifel Financial from $102.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. JMP Securities increased their price target on Stifel Financial from $120.00 to $130.00 and gave the stock a “market outperform” rating in a report on Monday, July 14th. Finally, Citigroup raised Stifel Financial from a “neutral” rating to a “buy” rating and increased their target price for the stock from $115.00 to $135.00 in a research note on Thursday, July 31st. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $115.78.

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.