Blue Trust Inc. Sells 590 Shares of Stifel Financial Corporation $SF

Blue Trust Inc. trimmed its holdings in shares of Stifel Financial Corporation (NYSE:SF) by 17.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 2,876 shares of the financial services provider’s stock after selling 590 shares during the period. Blue Trust Inc.’s holdings in Stifel Financial were worth $298,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management bought a new position in Stifel Financial during the 1st quarter valued at about $27,000. Allworth Financial LP lifted its holdings in Stifel Financial by 67.7% during the 1st quarter. Allworth Financial LP now owns 337 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 136 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Stifel Financial by 40.8% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 466 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 135 shares during the last quarter. Bessemer Group Inc. lifted its holdings in Stifel Financial by 53.0% during the 1st quarter. Bessemer Group Inc. now owns 491 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 170 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in Stifel Financial during the 1st quarter valued at about $68,000. 82.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SF shares. Wall Street Zen raised shares of Stifel Financial from a “sell” rating to a “hold” rating in a report on Sunday, August 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Stifel Financial in a research note on Wednesday, October 8th. TD Cowen raised shares of Stifel Financial from a “hold” rating to a “buy” rating and boosted their target price for the stock from $118.00 to $131.00 in a research note on Wednesday, October 8th. Zacks Research downgraded shares of Stifel Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 8th. Finally, BMO Capital Markets assumed coverage on shares of Stifel Financial in a research note on Friday, October 3rd. They issued a “market perform” rating and a $121.00 target price for the company. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.60.

Stifel Financial Stock Up 1.4%

Shares of NYSE:SF opened at $111.04 on Wednesday. Stifel Financial Corporation has a one year low of $73.27 and a one year high of $120.64. The company has a 50 day moving average of $113.30 and a 200-day moving average of $102.54. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.82 and a quick ratio of 0.77. The stock has a market cap of $11.34 billion, a price-to-earnings ratio of 21.52 and a beta of 1.13.

Stifel Financial (NYSE:SF) last issued its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $1.71 EPS for the quarter, topping the consensus estimate of $1.65 by $0.06. Stifel Financial had a net margin of 11.90% and a return on equity of 13.93%. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the previous year, the company earned $1.60 EPS. Stifel Financial’s revenue was up 5.4% on a year-over-year basis. On average, sell-side analysts forecast 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 was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were issued a dividend of $0.46 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $1.84 dividend on an annualized basis and a yield of 1.7%. Stifel Financial’s payout ratio is currently 35.66%.

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.