Legal & General Group Plc Sells 31,124 Shares of Stifel Financial Corporation $SF

Legal & General Group Plc reduced its position in shares of Stifel Financial Corporation (NYSE:SF) by 16.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 153,382 shares of the financial services provider’s stock after selling 31,124 shares during the period. Legal & General Group Plc owned 0.15% of Stifel Financial worth $19,206,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Advisory Services Network LLC bought a new stake in shares of Stifel Financial during the 3rd quarter worth $29,000. Activest Wealth Management boosted its holdings in Stifel Financial by 12,000.0% in the 4th quarter. Activest Wealth Management now owns 242 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 240 shares during the period. Pinnacle Holdings LLC bought a new stake in Stifel Financial in the 3rd quarter valued at $32,000. IAG Wealth Partners LLC bought a new stake in Stifel Financial in the 3rd quarter valued at $39,000. Finally, Cullen Frost Bankers Inc. bought a new stake in Stifel Financial in the 4th quarter valued at $50,000. 82.01% of the stock is owned by institutional investors.

Stifel Financial Trading Down 1.0%

SF opened at $69.42 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $10.65 billion, a PE ratio of 13.51 and a beta of 1.00. Stifel Financial Corporation has a 1-year low of $61.21 and a 1-year high of $89.83. The firm has a 50-day moving average price of $75.24 and a two-hundred day moving average price of $79.29.

Stifel Financial (NYSE:SF) last posted its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.06. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Stifel Financial had a net margin of 15.34% and a return on equity of 18.76%. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.49 EPS. As a group, equities analysts anticipate that Stifel Financial Corporation will post 6.25 earnings per share for the current fiscal 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. This represents a $1.36 annualized dividend and a yield of 2.0%. The ex-dividend date is Monday, June 1st. Stifel Financial’s dividend payout ratio (DPR) is presently 26.46%.

Analysts Set New Price Targets

A number of brokerages have weighed in on SF. Weiss Ratings reissued a “buy (b-)” rating on shares of Stifel Financial in a report on Friday. TD Cowen reduced their price target on shares of Stifel Financial from $136.00 to $92.00 and set a “hold” rating for the company in a report on Monday, March 23rd. UBS Group reduced their price target on shares of Stifel Financial from $100.00 to $89.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. Finally, Zacks Research raised shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Stifel Financial currently has an average rating of “Moderate Buy” and an average target price of $91.15.

Stifel Financial Company Profile

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.