Paragon Capital Management Ltd cut its holdings in shares of Stifel Financial Corp (NYSE:SF) by 12.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 5,638 shares of the financial services provider’s stock after selling 810 shares during the period. Paragon Capital Management Ltd’s holdings in Stifel Financial were worth $342,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SF. First Trust Advisors LP increased its position in shares of Stifel Financial by 56.1% during the first quarter. First Trust Advisors LP now owns 50,096 shares of the financial services provider’s stock worth $2,643,000 after purchasing an additional 18,008 shares in the last quarter. Morgan Stanley increased its position in shares of Stifel Financial by 67.4% during the second quarter. Morgan Stanley now owns 40,973 shares of the financial services provider’s stock worth $2,420,000 after purchasing an additional 16,498 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Stifel Financial by 22.1% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,170 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 212 shares in the last quarter. Royal Bank of Canada increased its position in shares of Stifel Financial by 143.8% during the second quarter. Royal Bank of Canada now owns 16,220 shares of the financial services provider’s stock worth $959,000 after purchasing an additional 9,567 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in shares of Stifel Financial during the third quarter worth $38,000. 85.49% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Victor Nesi sold 1,875 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $62.22, for a total transaction of $116,662.50. Following the sale, the insider now directly owns 176,160 shares of the company’s stock, valued at $10,960,675.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James M. Oates sold 10,000 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $61.99, for a total transaction of $619,900.00. Following the sale, the director now directly owns 9,435 shares in the company, valued at $584,875.65. The disclosure for this sale can be found here. Insiders have sold 32,928 shares of company stock worth $2,080,267 over the last three months. Corporate insiders own 3.77% of the company’s stock.

Shares of SF traded down $0.28 during trading hours on Friday, reaching $67.38. 197,948 shares of the company traded hands, compared to its average volume of 465,931. The stock has a market capitalization of $4.57 billion, a P/E ratio of 12.27 and a beta of 1.88. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 0.58. Stifel Financial Corp has a 12-month low of $49.63 and a 12-month high of $68.62. The business has a fifty day moving average price of $63.78 and a 200-day moving average price of $58.91.

Stifel Financial (NYSE:SF) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.27. The firm had revenue of $944.30 million for the quarter, compared to analyst estimates of $857.35 million. Stifel Financial had a net margin of 13.44% and a return on equity of 15.23%. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.57 earnings per share.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Stifel Financial’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.01%. Stifel Financial’s payout ratio is 9.84%.

A number of equities analysts have recently issued reports on the company. JMP Securities upped their price target on Stifel Financial from $66.00 to $68.00 and gave the stock a “market outperform” rating in a research report on Monday, January 13th. Wells Fargo & Co upped their price target on Stifel Financial from $60.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $67.75.

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, the United Kingdom, rest of Europe, and Asia. The company operates through three segments: Global Wealth Management, Institutional Group, and Other.

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

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