First Republic Investment Management Inc. Sells 6,017 Shares of Stifel Financial Corp. (NYSE:SF)

First Republic Investment Management Inc. decreased its holdings in shares of Stifel Financial Corp. (NYSE:SF – Get Rating) by 1.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 464,048 shares of the financial services provider’s stock after selling 6,017 shares during the quarter. First Republic Investment Management Inc.’s holdings in Stifel Financial were worth $24,089,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SF. Vanguard Group Inc. grew its position in Stifel Financial by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 9,984,230 shares of the financial services provider’s stock worth $677,930,000 after purchasing an additional 268,395 shares during the last quarter. State Street Corp raised its stake in shares of Stifel Financial by 0.6% during the 2nd quarter. State Street Corp now owns 2,799,420 shares of the financial services provider’s stock worth $156,824,000 after buying an additional 17,187 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Stifel Financial by 13.5% in the second quarter. Goldman Sachs Group Inc. now owns 1,559,875 shares of the financial services provider’s stock valued at $87,384,000 after purchasing an additional 185,971 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Stifel Financial by 2.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,008,849 shares of the financial services provider’s stock valued at $68,501,000 after acquiring an additional 26,535 shares during the last quarter. Finally, Prudential Financial Inc. grew its holdings in shares of Stifel Financial by 77.6% during the first quarter. Prudential Financial Inc. now owns 901,715 shares of the financial services provider’s stock worth $61,227,000 after buying an additional 393,943 shares in the last quarter. 83.02% of the stock is currently owned by institutional investors.

Stifel Financial Price Performance

SF stock opened at $62.97 on Wednesday. Stifel Financial Corp. has a 52-week low of $49.31 and a 52-week high of $83.28. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.79 and a current ratio of 0.82. The company has a fifty day moving average price of $60.93 and a 200-day moving average price of $59.55. The company has a market capitalization of $6.69 billion, a P/E ratio of 10.48 and a beta of 1.29.

Stifel Financial (NYSE:SF – Get Rating) last announced its earnings results on Wednesday, October 26th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter. Stifel Financial had a net margin of 16.33% and a return on equity of 17.92%. The business had revenue of $1.05 billion during the quarter.

Stifel Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Thursday, December 1st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend was Wednesday, November 30th. Stifel Financial’s dividend payout ratio is currently 19.97%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SF shares. JMP Securities decreased their target price on Stifel Financial from $98.00 to $95.00 and set a “market outperform” rating for the company in a report on Tuesday, January 10th. UBS Group initiated coverage on Stifel Financial in a report on Tuesday, November 22nd. They set a “neutral” rating for the company. StockNews.com assumed coverage on shares of Stifel Financial in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Citigroup initiated coverage on Stifel Financial in a research report on Tuesday, October 11th. They issued a “neutral” rating and a $60.00 target price for the company.

About Stifel Financial

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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.