Stifel Financial Corp. (NYSE:SF) Shares Sold by First Horizon Advisors Inc.

First Horizon Advisors Inc. reduced its holdings in Stifel Financial Corp. (NYSE:SFGet Rating) by 28.8% during the 4th quarter, Holdings Channel reports. The fund owned 652 shares of the financial services provider’s stock after selling 264 shares during the quarter. First Horizon Advisors Inc.’s holdings in Stifel Financial were worth $45,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Dark Forest Capital Management LP acquired a new stake in Stifel Financial in the 3rd quarter valued at approximately $33,000. Ellevest Inc. increased its position in shares of Stifel Financial by 104.9% during the 4th quarter. Ellevest Inc. now owns 580 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 297 shares during the period. Clearstead Advisors LLC increased its position in shares of Stifel Financial by 119.7% during the 3rd quarter. Clearstead Advisors LLC now owns 659 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 359 shares during the period. UMB Bank N A MO acquired a new position in shares of Stifel Financial during the 4th quarter valued at $65,000. Finally, First Bank & Trust increased its position in shares of Stifel Financial by 25.2% during the 4th quarter. First Bank & Trust now owns 2,042 shares of the financial services provider’s stock valued at $144,000 after purchasing an additional 411 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Several equities analysts have recently issued reports on SF shares. JMP Securities lifted their price target on Stifel Financial from $93.00 to $100.00 and gave the company a “market outperform” rating in a research report on Thursday, January 27th. StockNews.com started coverage on Stifel Financial in a research report on Thursday, March 31st. They set a “hold” rating on the stock.

SF opened at $62.61 on Friday. The firm has a market cap of $6.67 billion, a PE ratio of 9.42 and a beta of 1.28. The company has a quick ratio of 0.78, a current ratio of 0.83 and a debt-to-equity ratio of 0.40. The business has a fifty day simple moving average of $65.78 and a 200-day simple moving average of $70.66. Stifel Financial Corp. has a fifty-two week low of $58.43 and a fifty-two week high of $83.28.

Stifel Financial (NYSE:SFGet Rating) last released its quarterly earnings data on Wednesday, April 27th. The financial services provider reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.01. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.15 billion. Stifel Financial had a return on equity of 20.84% and a net margin of 17.49%. The company’s revenue was down 1.6% compared to the same quarter last year. During the same period last year, the company posted $1.50 EPS.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 1st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Tuesday, May 31st. Stifel Financial’s dividend payout ratio is presently 18.05%.

In related news, CEO Ronald J. Kruszewski acquired 10,000 shares of Stifel Financial stock in a transaction dated Friday, April 29th. The stock was acquired at an average cost of $61.94 per share, with a total value of $619,400.00. Following the purchase, the chief executive officer now directly owns 1,311,325 shares in the company, valued at approximately $81,223,470.50. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 3.24% of the company’s stock.

About Stifel Financial (Get Rating)

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, the United Kingdom, the rest of Europe, and Canada.

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Institutional Ownership by Quarter for Stifel Financial (NYSE:SF)

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