Trueblood Wealth Management LLC Decreases Holdings in Stifel Financial Corp. (NYSE:SF)

Trueblood Wealth Management LLC lowered its stake in shares of Stifel Financial Corp. (NYSE:SF) by 15.4% in the fourth quarter, Holdings Channel reports. The firm owned 2,195 shares of the financial services provider’s stock after selling 400 shares during the period. Trueblood Wealth Management LLC’s holdings in Stifel Financial were worth $233,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Waldron Private Wealth LLC acquired a new position in shares of Stifel Financial during the third quarter valued at approximately $34,000. GAMMA Investing LLC raised its stake in Stifel Financial by 27.7% in the 3rd quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 109 shares during the last quarter. Versant Capital Management Inc lifted its holdings in Stifel Financial by 46.5% in the 4th quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 145 shares in the last quarter. UMB Bank n.a. boosted its stake in Stifel Financial by 36.6% during the 3rd quarter. UMB Bank n.a. now owns 870 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 233 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Stifel Financial by 148.1% during the third quarter. Farther Finance Advisors LLC now owns 1,201 shares of the financial services provider’s stock worth $113,000 after buying an additional 717 shares in the last quarter. 82.01% of the stock is owned by hedge funds and other institutional investors.

Stifel Financial Price Performance

SF stock opened at $113.87 on Monday. Stifel Financial Corp. has a 52-week low of $68.40 and a 52-week high of $119.12. The business has a fifty day moving average of $110.78 and a two-hundred day moving average of $97.75. The stock has a market cap of $11.65 billion, a price-to-earnings ratio of 20.59 and a beta of 1.11. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27.

Stifel Financial (NYSE:SF) last announced its earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.60 by ($0.10). The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. The company’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period last year, the business earned $0.60 EPS. As a group, research analysts anticipate that Stifel Financial Corp. will post 6.53 earnings per share for the current year.

Stifel Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend was Monday, December 2nd. Stifel Financial’s payout ratio is 30.38%.

Insiders Place Their Bets

In related news, COO David D. Sliney sold 25,000 shares of Stifel Financial stock in a transaction that occurred on 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 approximately $18,544,535.42. The trade was a 13.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.57% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group boosted their price target on shares of Stifel Financial from $85.00 to $94.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. StockNews.com cut Stifel Financial from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. assumed coverage on Stifel Financial in a report on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 price target for the company. Citigroup boosted their price objective on Stifel Financial from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. Finally, TD Cowen raised their target price on Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a research note on Thursday, October 24th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Stifel Financial has an average rating of “Hold” and an average price target of $107.14.

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.