Park Place Capital Corp Reduces Position in Stifel Financial Corp. (NYSE:SF)

Park Place Capital Corp decreased its holdings in Stifel Financial Corp. (NYSE:SF) by 46.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 743 shares of the financial services provider’s stock after selling 641 shares during the quarter. Park Place Capital Corp’s holdings in Stifel Financial were worth $58,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Earnest Partners LLC raised its holdings in Stifel Financial by 0.3% in the third quarter. Earnest Partners LLC now owns 2,802,275 shares of the financial services provider’s stock worth $172,172,000 after purchasing an additional 8,198 shares in the last quarter. Norges Bank bought a new position in shares of Stifel Financial during the fourth quarter valued at $84,369,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Stifel Financial by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,208,077 shares of the financial services provider’s stock valued at $83,539,000 after acquiring an additional 6,645 shares in the last quarter. Channing Capital Management LLC increased its holdings in shares of Stifel Financial by 13.8% during the fourth quarter. Channing Capital Management LLC now owns 1,128,947 shares of the financial services provider’s stock valued at $78,067,000 after acquiring an additional 136,784 shares in the last quarter. Finally, Kennedy Capital Management LLC increased its holdings in shares of Stifel Financial by 1.1% during the third quarter. Kennedy Capital Management LLC now owns 763,565 shares of the financial services provider’s stock valued at $46,913,000 after acquiring an additional 8,370 shares in the last quarter. Institutional investors own 82.01% of the company’s stock.

Insider Buying and Selling at Stifel Financial

In related news, Director David A. Peacock sold 13,000 shares of the firm’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 transaction, the director now owns 18,646 shares of the company’s stock, valued at $1,489,815.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 4.57% of the company’s stock.

Stifel Financial Stock Down 0.4 %

Shares of Stifel Financial stock opened at $83.83 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 0.35. Stifel Financial Corp. has a twelve month low of $54.81 and a twelve month high of $85.25. The company has a market cap of $8.59 billion, a price-to-earnings ratio of 19.05 and a beta of 1.11. The company’s 50 day moving average is $80.76 and its 200 day moving average is $76.08.

Stifel Financial (NYSE:SF) last released its quarterly earnings results 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). Stifel Financial had a net margin of 11.34% and a return on equity of 12.40%. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the company earned $1.40 earnings per share. Stifel Financial’s quarterly revenue was up 5.1% compared to the same quarter last year. Research analysts anticipate that Stifel Financial Corp. will post 7.04 EPS for the current year.

Stifel Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a $0.42 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $1.68 annualized dividend and a yield of 2.00%. Stifel Financial’s payout ratio is 38.18%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Citigroup raised their price target on Stifel Financial from $74.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. TD Cowen raised their price target on Stifel Financial from $86.50 to $92.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. StockNews.com cut Stifel Financial from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 9th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $88.00 price target on shares of Stifel Financial in a report on Tuesday, April 9th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Stifel Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.50.

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.