Stifel Financial Corp. (NYSE:SF) Shares Sold by First Hawaiian Bank

First Hawaiian Bank lowered its position in Stifel Financial Corp. (NYSE:SF) by 0.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,403 shares of the financial services provider’s stock after selling 109 shares during the quarter. First Hawaiian Bank’s holdings in Stifel Financial were worth $1,316,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TD Asset Management Inc grew its position in shares of Stifel Financial by 16.7% during the second quarter. TD Asset Management Inc now owns 23,800 shares of the financial services provider’s stock worth $2,003,000 after buying an additional 3,400 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Stifel Financial by 19.0% in the 2nd quarter. Victory Capital Management Inc. now owns 112,520 shares of the financial services provider’s stock worth $9,469,000 after purchasing an additional 18,003 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Stifel Financial in the 2nd quarter valued at about $4,765,000. Caprock Group LLC bought a new position in shares of Stifel Financial during the second quarter worth about $217,000. Finally, Choreo LLC acquired a new position in Stifel Financial in the second quarter worth about $1,385,000. 82.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SF has been the topic of several research reports. Citigroup upped their price objective on Stifel Financial from $90.00 to $102.00 and gave the company a “neutral” rating in a research note on Friday, September 27th. JMP Securities upped their price target on Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 9th. Wells Fargo & Company lifted their price objective on shares of Stifel Financial from $113.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. StockNews.com cut shares of Stifel Financial from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. Finally, TD Cowen boosted their price objective on shares of Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a research report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $105.57.

Insider Activity

In related news, COO David D. Sliney sold 25,000 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $116.18, for a total value of $2,904,500.00. Following the completion of the transaction, the chief operating officer now owns 159,619 shares in the company, valued at $18,544,535.42. This represents a 13.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 4.57% of the company’s stock.

Stifel Financial Trading Up 0.2 %

Shares of NYSE:SF opened at $108.35 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. The company’s 50-day moving average price is $110.71 and its 200 day moving average price is $96.35. The company has a market cap of $11.09 billion, a PE ratio of 19.59 and a beta of 1.11. Stifel Financial Corp. has a fifty-two week low of $68.09 and a fifty-two week high of $119.12.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.10). The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.20 billion. Stifel Financial had a net margin of 12.98% and a return on equity of 14.92%. Stifel Financial’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 EPS. Sell-side analysts anticipate that Stifel Financial Corp. will post 6.5 earnings per share for the current year.

Stifel Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.68 dividend on an annualized basis and a yield of 1.55%. Stifel Financial’s dividend payout ratio (DPR) is presently 30.38%.

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.