Harbor Investment Advisory LLC trimmed its position in shares of Stifel Financial Corp. (NYSE:SF – Get Rating) by 16.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,619 shares of the financial services provider's stock after selling 527 shares during the period. Harbor Investment Advisory LLC's holdings in Stifel Financial were worth $147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of the company. CENTRAL TRUST Co raised its holdings in Stifel Financial by 49.8% during the 1st quarter. CENTRAL TRUST Co now owns 749 shares of the financial services provider's stock valued at $51,000 after buying an additional 249 shares during the period. Rockefeller Capital Management L.P. raised its holdings in Stifel Financial by 30.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,509 shares of the financial services provider's stock valued at $106,000 after buying an additional 350 shares during the period. Point72 Hong Kong Ltd purchased a new stake in Stifel Financial during the 4th quarter valued at $111,000. US Asset Management LLC purchased a new stake in Stifel Financial during the 1st quarter valued at $181,000. Finally, CWM LLC raised its holdings in Stifel Financial by 3,650.7% during the 1st quarter. CWM LLC now owns 2,663 shares of the financial services provider's stock valued at $181,000 after buying an additional 2,592 shares during the period. 84.77% of the stock is owned by hedge funds and other institutional investors.
Get Stifel Financial alerts:Analysts Set New Price Targets
Separately, JMP Securities decreased their price target on Stifel Financial from $103.00 to $100.00 and set an "outperform" rating on the stock in a report on Tuesday, July 12th.
Stifel Financial Stock Performance
NYSE:SF opened at $53.39 on Tuesday. The stock's fifty day moving average is $60.37 and its 200 day moving average is $61.75. The firm has a market capitalization of $5.67 billion, a PE ratio of 8.42 and a beta of 1.25. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.77 and a current ratio of 0.81. Stifel Financial Corp. has a fifty-two week low of $52.55 and a fifty-two week high of $83.28.Stifel Financial (NYSE:SF – Get Rating) last announced its quarterly earnings data on Wednesday, July 27th. The financial services provider reported $1.40 EPS for the quarter. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.18 billion. Stifel Financial had a return on equity of 19.42% and a net margin of 16.86%. Stifel Financial's quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.70 EPS.
Stifel Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend was Wednesday, August 31st. Stifel Financial's dividend payout ratio (DPR) is presently 18.93%.
Stifel Financial Profile
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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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