Stifel Financial Corporation $SF Shares Sold by Truist Financial Corp

Truist Financial Corp trimmed its position in shares of Stifel Financial Corporation (NYSE:SF) by 60.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,291 shares of the financial services provider’s stock after selling 26,478 shares during the period. Truist Financial Corp’s holdings in Stifel Financial were worth $2,165,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Essex Financial Services Inc. boosted its stake in Stifel Financial by 4.2% during the 3rd quarter. Essex Financial Services Inc. now owns 2,533 shares of the financial services provider’s stock valued at $287,000 after purchasing an additional 102 shares during the period. State of Wyoming boosted its stake in Stifel Financial by 8.6% during the 3rd quarter. State of Wyoming now owns 1,418 shares of the financial services provider’s stock valued at $161,000 after purchasing an additional 112 shares during the period. B. Riley Wealth Advisors Inc. boosted its stake in Stifel Financial by 1.8% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 6,666 shares of the financial services provider’s stock valued at $757,000 after purchasing an additional 115 shares during the period. Arizona State Retirement System boosted its stake in Stifel Financial by 0.4% during the 3rd quarter. Arizona State Retirement System now owns 30,398 shares of the financial services provider’s stock valued at $3,449,000 after purchasing an additional 118 shares during the period. Finally, Bessemer Group Inc. boosted its stake in Stifel Financial by 20.4% during the 3rd quarter. Bessemer Group Inc. now owns 697 shares of the financial services provider’s stock valued at $79,000 after purchasing an additional 118 shares during the period. 82.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SF. Zacks Research lowered Stifel Financial from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 21st. UBS Group reduced their price target on Stifel Financial from $100.00 to $89.00 and set a “buy” rating for the company in a research report on Wednesday, April 8th. Stifel Nicolaus set a $92.00 price target on shares of Stifel Financial in a research note on Wednesday, January 14th. Weiss Ratings raised shares of Stifel Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Finally, 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 research note on Monday, March 23rd. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Stifel Financial presently has a consensus rating of “Moderate Buy” and an average price target of $91.15.

Stifel Financial Trading Down 0.6%

Shares of Stifel Financial stock opened at $74.52 on Thursday. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.29. The firm has a market cap of $11.43 billion, a price-to-earnings ratio of 14.50 and a beta of 1.05. The business has a fifty day simple moving average of $75.22 and a 200-day simple moving average of $79.95. Stifel Financial Corporation has a fifty-two week low of $60.62 and a fifty-two week high of $89.83.

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

Stifel Financial Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.36 annualized dividend and a yield of 1.8%. Stifel Financial’s dividend payout ratio is currently 26.46%.

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.