66,790 Shares in Stifel Financial Corporation $SF Bought by Trillium Asset Management LLC

Trillium Asset Management LLC bought a new position in shares of Stifel Financial Corporation (NYSE:SF) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 66,790 shares of the financial services provider’s stock, valued at approximately $4,660,000.

Several other large investors also recently bought and sold shares of the company. Fifth Third Bancorp lifted its holdings in shares of Stifel Financial by 430.4% in the first quarter. Fifth Third Bancorp now owns 73,993 shares of the financial services provider’s stock valued at $5,470,000 after purchasing an additional 60,042 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Stifel Financial by 49.9% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 38,209 shares of the financial services provider’s stock worth $2,824,000 after purchasing an additional 12,727 shares in the last quarter. Heartland Advisors Inc. increased its stake in shares of Stifel Financial by 56.3% during the 1st quarter. Heartland Advisors Inc. now owns 134,153 shares of the financial services provider’s stock worth $9,917,000 after purchasing an additional 48,346 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Stifel Financial by 43.0% during the 1st quarter. Royal Bank of Canada now owns 143,081 shares of the financial services provider’s stock worth $10,578,000 after purchasing an additional 43,036 shares in the last quarter. Finally, North Reef Capital Management LP acquired a new position in shares of Stifel Financial during the 1st quarter worth approximately $4,230,000. Institutional investors and hedge funds own 82.01% of the company’s stock.

Stifel Financial Stock Performance

Shares of SF opened at $79.99 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.83 and a current ratio of 0.88. The company has a market capitalization of $12.08 billion, a price-to-earnings ratio of 14.32 and a beta of 0.99. The company’s 50 day simple moving average is $78.03 and its 200 day simple moving average is $76.44. Stifel Financial Corporation has a 1 year low of $67.81 and a 1 year high of $89.83.

Stifel Financial (NYSE:SF) last released its earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 EPS for the quarter, topping the consensus estimate of $1.33 by $0.09. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Stifel Financial had a net margin of 16.11% and a return on equity of 19.22%. Stifel Financial’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.71 EPS. On average, sell-side analysts predict that Stifel Financial Corporation will post 6.36 EPS for the current year.

Stifel Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.34 per share. The ex-dividend date is Tuesday, September 1st. This represents a $1.36 annualized dividend and a dividend yield of 1.7%. Stifel Financial’s dividend payout ratio (DPR) is 24.33%.

Insider Activity at Stifel Financial

In other news, Director Maryam S. Brown sold 4,700 shares of Stifel Financial stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $79.20, for a total value of $372,240.00. Following the completion of the sale, the director owned 5,729 shares of the company’s stock, valued at $453,736.80. The trade was a 45.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.36% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. upped their target price on Stifel Financial from $80.00 to $86.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday, May 29th. UBS Group set a $90.00 price target on Stifel Financial in a report on Thursday, July 23rd. Wall Street Zen downgraded Stifel Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Finally, Zacks Research raised Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $91.90.

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.