Allspring Global Investments Holdings LLC lowered its holdings in shares of Stifel Financial Corp. (NYSE:SF – Get Rating) by 63.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 327,080 shares of the financial services provider's stock after selling 571,664 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.31% of Stifel Financial worth $19,092,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Ronald Blue Trust Inc. acquired a new stake in Stifel Financial in the second quarter worth $28,000. Advanced Research Investment Solutions LLC acquired a new stake in Stifel Financial in the third quarter worth $57,000. Quantbot Technologies LP acquired a new stake in Stifel Financial in the third quarter worth $73,000. Rockefeller Capital Management L.P. grew its stake in Stifel Financial by 72.5% in the third quarter. Rockefeller Capital Management L.P. now owns 2,230 shares of the financial services provider's stock valued at $115,000 after acquiring an additional 937 shares during the period. Finally, Wipfli Financial Advisors LLC acquired a new stake in Stifel Financial in the third quarter valued at approximately $143,000. Institutional investors and hedge funds own 83.02% of the company's stock.
Get Stifel Financial alerts:Stifel Financial Trading Down 0.7 %
Shares of SF stock opened at $55.82 on Thursday. Stifel Financial Corp. has a 52-week low of $49.31 and a 52-week high of $70.26. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.80 and a current ratio of 0.82. The company has a 50-day simple moving average of $63.29 and a two-hundred day simple moving average of $60.70. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of 10.49 and a beta of 1.25.
Stifel Financial (NYSE:SF – Get Rating) last issued its quarterly earnings data on Wednesday, January 25th. The financial services provider reported $1.58 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.64 by ($0.06). The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.14 billion. Stifel Financial had a return on equity of 15.84% and a net margin of 15.08%. The company's revenue for the quarter was down 14.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.23 earnings per share.
Stifel Financial Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend was Tuesday, February 28th. This is an increase from Stifel Financial's previous quarterly dividend of $0.30. Stifel Financial's dividend payout ratio is 27.07%.
Insider Buying and Selling at Stifel Financial
In other news, CEO Ronald J. Kruszewski acquired 2,500 shares of the company's stock in a transaction that occurred on Monday, March 13th. The shares were acquired at an average price of $55.00 per share, for a total transaction of $137,500.00. Following the completion of the purchase, the chief executive officer now owns 1,377,326 shares in the company, valued at $75,752,930. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Stifel Financial news, CEO Ronald J. Kruszewski bought 2,500 shares of the business's stock in a transaction on Monday, March 13th. The stock was purchased at an average price of $55.00 per share, for a total transaction of $137,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,377,326 shares of the company's stock, valued at $75,752,930. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, insider James M. Zemlyak bought 20,000 shares of the business's stock in a transaction on Friday, March 24th. The shares were acquired at an average price of $56.05 per share, with a total value of $1,121,000.00. Following the transaction, the insider now directly owns 1,250,652 shares of the company's stock, valued at $70,099,044.60. The disclosure for this purchase can be found here. Insiders acquired 32,500 shares of company stock worth $1,848,500 in the last quarter. 3.30% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
A number of brokerages have commented on SF. JMP Securities reissued a "market outperform" rating and issued a $95.00 price objective on shares of Stifel Financial in a research note on Monday, March 13th. StockNews.com cut Stifel Financial from a "buy" rating to a "hold" rating in a research report on Wednesday, March 29th.
About Stifel Financial
(Get Rating)
Stifel Financial Corp. provides securities brokerage, investment banking, trading, investment advisory, and related financial services. It operates through the following segments: Global Wealth Management, Institutional Group, and Other. The Global Wealth Management segment provides securities transaction, brokerage, and investment services to clients.
Featured Articles
- Get a free copy of the StockNews.com research report on Stifel Financial (SF)
- Penny Stock Wag! Group Co. Has Solid Sell-Side Support
- Staples Stocks Get Lift From Conagra Results, New Highs In Sight
- SGH Bottomed, But Can It Reverse And Move Higher?
- Is Pinterest Showing Signs of an Improving Ad Market?
- At 3x Earnings, Avis Budget Is Worth Taking for a Spin
Want to see what other hedge funds are holding SF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stifel Financial Corp. (NYSE:SF – Get Rating).
Receive News & Ratings for Stifel Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stifel Financial and related companies with MarketBeat.com's FREE daily email newsletter.