Pitcairn Co. Reduces Stock Holdings in Stifel Financial Corp. (NYSE:SF)

Pitcairn Co. lowered its holdings in shares of Stifel Financial Corp. (NYSE:SF) by 1.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,218 shares of the financial services provider’s stock after selling 124 shares during the quarter. Pitcairn Co.’s holdings in Stifel Financial were worth $564,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Fidelis Capital Partners LLC purchased a new stake in shares of Stifel Financial in the 1st quarter worth $32,000. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of Stifel Financial in the 1st quarter worth $33,000. Montag A & Associates Inc. lifted its holdings in shares of Stifel Financial by 336.2% in the 4th quarter. Montag A & Associates Inc. now owns 759 shares of the financial services provider’s stock worth $52,000 after buying an additional 585 shares during the period. Bessemer Group Inc. raised its position in shares of Stifel Financial by 388.3% in the 1st quarter. Bessemer Group Inc. now owns 796 shares of the financial services provider’s stock worth $62,000 after acquiring an additional 633 shares in the last quarter. Finally, Mather Group LLC. bought a new position in shares of Stifel Financial in the 1st quarter worth $66,000. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Stifel Financial Stock Performance

Shares of SF stock opened at $86.68 on Friday. The company has a market capitalization of $8.88 billion, a P/E ratio of 19.70 and a beta of 1.11. The business’s 50 day moving average is $81.45 and its two-hundred day moving average is $77.79. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. Stifel Financial Corp. has a 12-month low of $54.81 and a 12-month high of $87.28.

Stifel Financial (NYSE:SF) last announced its earnings results on Wednesday, July 24th. The financial services provider reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.06. Stifel Financial had a return on equity of 13.33% and a net margin of 11.59%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the prior year, the firm earned $1.20 earnings per share. The business’s revenue was up 15.9% compared to the same quarter last year. Analysts expect that Stifel Financial Corp. will post 6.73 EPS for the current fiscal year.

Stifel Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a $0.42 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $1.68 annualized dividend and a dividend yield of 1.94%. Stifel Financial’s dividend payout ratio is presently 38.18%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. StockNews.com lowered Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday. JMP Securities reiterated a “market outperform” rating and set a $88.00 price target on shares of Stifel Financial in a research note on Tuesday, April 9th. Citigroup boosted their price target on Stifel Financial from $74.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. TD Cowen boosted their price target on Stifel Financial from $85.00 to $88.00 and gave the company a “hold” rating in a research note on Thursday. Finally, Wolfe Research downgraded Stifel Financial from an “outperform” rating to a “peer perform” rating in a research note on Monday. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $83.50.

Insider Activity at Stifel Financial

In related news, Director David A. Peacock sold 13,000 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $79.90, for a total value of $1,038,700.00. Following the completion of the sale, the director now owns 18,646 shares of the company’s stock, valued at $1,489,815.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 4.57% of the company’s stock.

About Stifel Financial

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 and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.