66,790 Shares in Stifel Financial Corporation $SF Acquired by Trillium Asset Management LLC

Trillium Asset Management LLC bought a new stake in Stifel Financial Corporation (NYSE:SF) in the second quarter, HoldingsChannel reports. The fund bought 66,790 shares of the financial services provider’s stock, valued at approximately $4,660,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SF. BlackRock Inc. purchased a new position in Stifel Financial during the second quarter worth approximately $1,031,197,000. AQR Capital Management LLC boosted its holdings in shares of Stifel Financial by 94.8% in the 4th quarter. AQR Capital Management LLC now owns 2,893,850 shares of the financial services provider’s stock valued at $362,368,000 after purchasing an additional 1,408,347 shares during the last quarter. Norges Bank purchased a new stake in shares of Stifel Financial during the 4th quarter valued at $172,446,000. Bank of New York Mellon Corp purchased a new stake in shares of Stifel Financial during the 2nd quarter valued at $93,235,000. Finally, Algebris UK Ltd. acquired a new stake in shares of Stifel Financial during the 2nd quarter worth $70,086,000. Institutional investors and hedge funds own 82.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. UBS Group set a $90.00 target price on Stifel Financial in a research report on Thursday, July 23rd. Zacks Research raised Stifel Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Wall Street Zen lowered Stifel Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. JPMorgan Chase & Co. raised their price objective on Stifel Financial from $80.00 to $86.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stifel Financial in a research note on Friday, May 29th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.90.

Stifel Financial Price Performance

Stifel Financial stock opened at $79.99 on Friday. Stifel Financial Corporation has a 52-week low of $67.81 and a 52-week high of $89.83. The firm has a fifty day moving average of $78.03 and a 200-day moving average of $76.44. The firm has a market capitalization of $12.08 billion, a P/E ratio of 14.32 and a beta of 0.99. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt-to-equity ratio of 0.33.

Stifel Financial (NYSE:SF) last posted its earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.09. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. Stifel Financial had a net margin of 16.11% and a return on equity of 19.22%. The business’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.71 EPS. As a group, analysts predict that Stifel Financial Corporation will post 6.36 EPS for the current year.

Stifel Financial Announces Dividend

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

Insider Buying and Selling

In other Stifel Financial news, Director Maryam S. Brown sold 4,700 shares of the business’s stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $79.20, for a total transaction of $372,240.00. Following the transaction, the director owned 5,729 shares in the company, valued at $453,736.80. The trade was a 45.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.36% of the stock is owned by company insiders.

Stifel Financial Company 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.