Trueblood Wealth Management LLC Has $255,000 Stock Position in Stifel Financial Corp. (NYSE:SF)

Trueblood Wealth Management LLC lowered its holdings in Stifel Financial Corp. (NYSE:SF) by 6.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,034 shares of the financial services provider’s stock after selling 200 shares during the quarter. Trueblood Wealth Management LLC’s holdings in Stifel Financial were worth $255,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Principal Securities Inc. purchased a new stake in shares of Stifel Financial during the 4th quarter valued at $99,000. BNP Paribas Financial Markets boosted its holdings in Stifel Financial by 7.2% in the fourth quarter. BNP Paribas Financial Markets now owns 7,036 shares of the financial services provider’s stock worth $487,000 after purchasing an additional 471 shares during the last quarter. QRG Capital Management Inc. increased its position in shares of Stifel Financial by 24.3% during the 4th quarter. QRG Capital Management Inc. now owns 15,583 shares of the financial services provider’s stock valued at $1,078,000 after purchasing an additional 3,043 shares during the last quarter. Boston Partners grew its holdings in Stifel Financial by 0.5% during the fourth quarter. Boston Partners now owns 37,765 shares of the financial services provider’s stock valued at $2,611,000 after purchasing an additional 199 shares during the period. Finally, Trillium Asset Management LLC raised its position in shares of Stifel Financial by 11.4% during the 4th quarter. Trillium Asset Management LLC now owns 70,981 shares of the financial services provider’s stock valued at $4,908,000 after purchasing an additional 7,238 shares during the period. Institutional investors and hedge funds own 82.01% of the company’s stock.

Stifel Financial Stock Down 1.1 %

SF stock opened at $82.93 on Thursday. Stifel Financial Corp. has a twelve month low of $54.81 and a twelve month high of $90.00. The stock has a market cap of $8.50 billion, a P/E ratio of 18.85 and a beta of 1.09. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 0.38. The company’s 50 day moving average is $84.31 and its two-hundred day moving average is $80.58.

Stifel Financial (NYSE:SF) last issued its earnings results on Wednesday, July 24th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.06. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. Stifel Financial had a return on equity of 13.24% and a net margin of 11.59%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.20 EPS. Research analysts expect that Stifel Financial Corp. will post 6.55 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Tuesday, September 3rd. Stifel Financial’s dividend payout ratio is presently 38.18%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SF shares. TD Cowen lifted their target price on Stifel Financial from $85.00 to $88.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. StockNews.com downgraded Stifel Financial from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. JMP Securities reissued a “market outperform” rating and issued a $105.00 price objective on shares of Stifel Financial in a research note on Monday. Finally, Wolfe Research cut Stifel Financial from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 22nd. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Stifel Financial presently has a consensus rating of “Hold” and an average target price of $87.75.

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.