Stifel Financial Corp. (NYSE:SF) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its stake in Stifel Financial Corp. (NYSE:SF) by 80.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,309 shares of the financial services provider’s stock after selling 9,577 shares during the quarter. SG Americas Securities LLC’s holdings in Stifel Financial were worth $160,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. FinTrust Capital Advisors LLC acquired a new stake in Stifel Financial in the 3rd quarter valued at about $30,000. First Horizon Advisors Inc. lifted its stake in Stifel Financial by 97.5% during the third quarter. First Horizon Advisors Inc. now owns 640 shares of the financial services provider’s stock valued at $39,000 after buying an additional 316 shares in the last quarter. Belpointe Asset Management LLC increased its holdings in shares of Stifel Financial by 111.4% in the 1st quarter. Belpointe Asset Management LLC now owns 687 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 362 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in shares of Stifel Financial by 39.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 730 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 206 shares during the period. Finally, Industrial Alliance Investment Management Inc. increased its holdings in shares of Stifel Financial by 321.8% in the 4th quarter. Industrial Alliance Investment Management Inc. now owns 831 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 634 shares during the period. Institutional investors and hedge funds own 82.01% of the company’s stock.

Insider Activity

In other news, insider Victor Nesi sold 36,000 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $75.37, for a total value of $2,713,320.00. Following the completion of the sale, the insider now directly owns 54,732 shares of the company’s stock, valued at $4,125,150.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Victor Nesi sold 36,000 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $75.37, for a total value of $2,713,320.00. Following the completion of the transaction, the insider now directly owns 54,732 shares of the company’s stock, valued at $4,125,150.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Thomas B. Michaud sold 25,421 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $74.26, for a total value of $1,887,763.46. Following the completion of the transaction, the senior vice president now directly owns 90,055 shares of the company’s stock, valued at $6,687,484.30. The disclosure for this sale can be found here. 3.52% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. StockNews.com upgraded Stifel Financial from a “hold” rating to a “buy” rating in a report on Thursday, January 25th. TD Cowen increased their price objective on Stifel Financial from $86.50 to $92.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Citigroup increased their price objective on Stifel Financial from $74.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. UBS Group increased their price objective on Stifel Financial from $74.00 to $78.00 and gave the stock a “neutral” rating in a report on Monday, January 29th. Finally, JMP Securities restated a “market outperform” rating and issued a $88.00 price objective 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 company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.50.

Stifel Financial Trading Down 0.2 %

NYSE:SF opened at $74.37 on Tuesday. The stock’s 50 day moving average price is $75.81 and its 200 day moving average price is $68.42. Stifel Financial Corp. has a 52 week low of $54.81 and a 52 week high of $78.33. The company has a market capitalization of $7.65 billion, a P/E ratio of 17.38 and a beta of 1.18. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.79 and a current ratio of 0.82.

Stifel Financial (NYSE:SF) last announced its earnings results on Wednesday, January 24th. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.19. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Stifel Financial had a return on equity of 12.32% and a net margin of 11.60%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.58 earnings per share. On average, research analysts forecast that Stifel Financial Corp. will post 7.04 EPS for the current fiscal year.

Stifel Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.26%. This is a boost from Stifel Financial’s previous quarterly dividend of $0.36. The ex-dividend date was Thursday, February 29th. Stifel Financial’s dividend payout ratio is currently 39.25%.

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.