American International Group Inc. Sells 9,392 Shares of Stifel Financial Corp. (NYSE:SF)

American International Group Inc. cut its stake in Stifel Financial Corp. (NYSE:SF) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 137,751 shares of the financial services provider’s stock after selling 9,392 shares during the period. American International Group Inc. owned 0.13% of Stifel Financial worth $9,525,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of SF. Citigroup Inc. raised its stake in shares of Stifel Financial by 30.7% in the third quarter. Citigroup Inc. now owns 16,586 shares of the financial services provider’s stock worth $1,019,000 after acquiring an additional 3,892 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Stifel Financial by 7.2% during the third quarter. Rhumbline Advisers now owns 343,523 shares of the financial services provider’s stock worth $21,106,000 after buying an additional 23,080 shares during the last quarter. Aviva PLC bought a new stake in shares of Stifel Financial during the third quarter worth approximately $1,518,000. Kestra Advisory Services LLC bought a new stake in shares of Stifel Financial during the third quarter worth approximately $203,000. Finally, QRG Capital Management Inc. bought a new stake in shares of Stifel Financial during the third quarter worth approximately $770,000. 82.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SF shares. JMP Securities reissued a “market outperform” rating and set a $88.00 price target on shares of Stifel Financial in a research note on Tuesday, April 9th. StockNews.com downgraded shares of Stifel Financial from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 9th. Citigroup upped their target price 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 upped their target price 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $84.50.

Insider Activity

In other news, Director David A. Peacock sold 13,000 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $79.90, for a total value of $1,038,700.00. Following the completion of the transaction, the director now owns 18,646 shares in the company, valued at $1,489,815.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.57% of the company’s stock.

Stifel Financial Stock Up 1.4 %

Shares of NYSE:SF opened at $81.10 on Wednesday. Stifel Financial Corp. has a 52 week low of $54.81 and a 52 week high of $84.23. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 0.84. The company has a market capitalization of $8.31 billion, a PE ratio of 18.43 and a beta of 1.12. The company has a 50 day moving average price of $79.62 and a two-hundred day moving average price of $75.01.

Stifel Financial (NYSE:SF) last issued its earnings results on Wednesday, April 24th. The financial services provider reported $1.49 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.13). The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.14 billion. Stifel Financial had a net margin of 11.34% and a return on equity of 12.40%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.40 EPS. Analysts forecast that Stifel Financial Corp. will post 7.04 earnings per share for the current year.

Stifel Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Monday, June 3rd. Stifel Financial’s dividend payout ratio (DPR) is presently 38.18%.

Stifel Financial Company 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.