Goldman Sachs Group Inc. Has $62.67 Million Stake in Stifel Financial Corp. (NYSE:SF)

Goldman Sachs Group Inc. trimmed its stake in shares of Stifel Financial Corp. (NYSE:SF) by 16.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 906,224 shares of the financial services provider’s stock after selling 178,727 shares during the period. Goldman Sachs Group Inc. owned about 0.88% of Stifel Financial worth $62,665,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Integrated Advisors Network LLC acquired a new stake in shares of Stifel Financial during the fourth quarter worth $3,600,000. First Trust Advisors LP raised its holdings in shares of Stifel Financial by 12.4% during the fourth quarter. First Trust Advisors LP now owns 525,026 shares of the financial services provider’s stock worth $36,306,000 after acquiring an additional 58,013 shares during the period. Axiom Investors LLC DE increased its stake in Stifel Financial by 248.2% in the 4th quarter. Axiom Investors LLC DE now owns 106,725 shares of the financial services provider’s stock valued at $7,380,000 after buying an additional 76,075 shares during the last quarter. TFO Wealth Partners LLC increased its stake in Stifel Financial by 87,583.3% in the 4th quarter. TFO Wealth Partners LLC now owns 5,261 shares of the financial services provider’s stock valued at $364,000 after buying an additional 5,255 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in Stifel Financial by 0.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 22,537 shares of the financial services provider’s stock valued at $1,558,000 after buying an additional 141 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SF shares. JMP Securities reiterated a “market outperform” rating and issued a $88.00 price target on shares of Stifel Financial in a research note on Tuesday, April 9th. StockNews.com lowered shares of Stifel Financial from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 9th. Citigroup lifted their price target on shares of Stifel Financial from $74.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Finally, TD Cowen lifted their price target on shares of Stifel Financial from $86.50 to $92.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $84.50.

Stifel Financial Stock Up 1.8 %

Stifel Financial stock opened at $79.97 on Tuesday. The firm has a market capitalization of $8.19 billion, a PE ratio of 18.18 and a beta of 1.12. The company’s 50-day moving average is $79.55 and its 200-day moving average is $74.88. Stifel Financial Corp. has a fifty-two week low of $54.81 and a fifty-two week high of $84.23. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.84 and a quick ratio of 0.80.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.13). The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.14 billion. Stifel Financial had a return on equity of 12.40% and a net margin of 11.34%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.40 earnings per share. Sell-side analysts anticipate that Stifel Financial Corp. will post 7.04 earnings per share for the current year.

Stifel Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.10%. The ex-dividend date was Monday, June 3rd. Stifel Financial’s payout ratio is 38.18%.

Insider Buying and Selling

In related news, Director David A. Peacock sold 13,000 shares of Stifel Financial stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $79.90, for a total transaction of $1,038,700.00. Following the completion of the sale, the director now owns 18,646 shares of the company’s stock, valued at approximately $1,489,815.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 4.57% of the stock is currently owned by insiders.

Stifel Financial Profile

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.