GW&K Investment Management LLC Sells 43,479 Shares of Stifel Financial Corporation $SF

GW&K Investment Management LLC decreased its holdings in shares of Stifel Financial Corporation (NYSE:SF) by 4.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 897,401 shares of the financial services provider’s stock after selling 43,479 shares during the quarter. Stifel Financial comprises about 1.0% of GW&K Investment Management LLC’s investment portfolio, making the stock its 10th biggest position. GW&K Investment Management LLC owned about 0.88% of Stifel Financial worth $112,374,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Essex Financial Services Inc. boosted its holdings in shares of Stifel Financial by 4.2% during the third quarter. Essex Financial Services Inc. now owns 2,533 shares of the financial services provider’s stock worth $287,000 after purchasing an additional 102 shares during the last quarter. State of Wyoming boosted its holdings in shares of Stifel Financial by 8.6% during the third quarter. State of Wyoming now owns 1,418 shares of the financial services provider’s stock worth $161,000 after purchasing an additional 112 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of Stifel Financial by 20.4% during the third quarter. Bessemer Group Inc. now owns 697 shares of the financial services provider’s stock worth $79,000 after purchasing an additional 118 shares during the last quarter. Clark Capital Management Group Inc. boosted its holdings in shares of Stifel Financial by 3.8% during the third quarter. Clark Capital Management Group Inc. now owns 3,642 shares of the financial services provider’s stock worth $413,000 after purchasing an additional 134 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Stifel Financial by 14.3% during the third quarter. EverSource Wealth Advisors LLC now owns 1,113 shares of the financial services provider’s stock worth $126,000 after purchasing an additional 139 shares during the last quarter. Institutional investors and hedge funds own 82.01% of the company’s stock.

Stifel Financial Price Performance

SF opened at $71.42 on Wednesday. Stifel Financial Corporation has a 52-week low of $62.90 and a 52-week high of $89.83. The company has a 50 day moving average of $75.08 and a two-hundred day moving average of $78.88. The company has a market cap of $10.96 billion, a P/E ratio of 13.89 and a beta of 1.00. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.29.

Stifel Financial (NYSE:SF) last issued its earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.51 billion. Stifel Financial had a net margin of 15.34% and a return on equity of 18.76%. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.49 EPS. On average, analysts expect that Stifel Financial Corporation will post 6.25 earnings per share for the current year.

Stifel Financial Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a $0.34 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.36 annualized dividend and a yield of 1.9%. Stifel Financial’s dividend payout ratio (DPR) is 26.46%.

Analyst Upgrades and Downgrades

SF has been the topic of several analyst reports. UBS Group decreased their price objective on Stifel Financial from $100.00 to $89.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. TD Cowen reduced their target price on Stifel Financial from $136.00 to $92.00 and set a “hold” rating on the stock in a report on Monday, March 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday, May 29th. Finally, Zacks Research upgraded Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.15.

About Stifel Financial

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full?service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research?driven insights.

The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.