Trueblood Wealth Management LLC Trims Stock Position in Stifel Financial Corp. (NYSE:SF)

Trueblood Wealth Management LLC decreased its position in Stifel Financial Corp. (NYSE:SF) by 15.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. 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 quarter.

Several other institutional investors also recently bought and sold shares of the company. HB Wealth Management LLC purchased a new position in Stifel Financial during the 4th quarter valued at about $245,000. Integrated Investment Consultants LLC lifted its holdings in Stifel Financial by 8.7% during the fourth quarter. Integrated Investment Consultants LLC now owns 5,635 shares of the financial services provider’s stock worth $598,000 after buying an additional 449 shares during the period. Merit Financial Group LLC bought a new stake in Stifel Financial during the 4th quarter valued at $205,000. Park Avenue Securities LLC increased its holdings in shares of Stifel Financial by 31.1% in the 4th quarter. Park Avenue Securities LLC now owns 18,584 shares of the financial services provider’s stock valued at $1,971,000 after acquiring an additional 4,413 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in shares of Stifel Financial by 316.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 69,761 shares of the financial services provider’s stock worth $7,400,000 after acquiring an additional 52,991 shares in the last quarter. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. TD Cowen lifted their target price on Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Thursday, October 24th. Wells Fargo & Company lowered their target price on shares of Stifel Financial from $130.00 to $128.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. The Goldman Sachs Group lifted their price target on shares of Stifel Financial from $85.00 to $94.00 and gave the stock a “neutral” rating in a report on Thursday, September 26th. Citigroup increased their price objective on Stifel Financial from $110.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, January 10th. Finally, JMP Securities boosted their target price on Stifel Financial from $105.00 to $110.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 9th. Seven investment 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.com, Stifel Financial has a consensus rating of “Hold” and an average target price of $107.14.

Insider Buying and Selling

In related news, COO David D. Sliney sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $116.18, for a total transaction of $2,904,500.00. Following the sale, the chief operating officer now directly owns 159,619 shares of the company’s stock, valued at $18,544,535.42. This trade represents a 13.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.57% of the stock is currently owned by corporate insiders.

Stifel Financial Stock Performance

Shares of SF opened at $113.87 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. The stock has a 50-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 P/E ratio of 20.59 and a beta of 1.11. Stifel Financial Corp. has a one year low of $68.40 and a one year high of $119.12.

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

Stifel Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.68 annualized dividend and a dividend yield of 1.48%. 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.