Zurcher Kantonalbank Zurich Cantonalbank Acquires 1,281 Shares of Stifel Financial Corp. (NYSE:SF)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Stifel Financial Corp. (NYSE:SF) by 6.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,460 shares of the financial services provider’s stock after acquiring an additional 1,281 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Stifel Financial were worth $1,553,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC acquired a new position in shares of Stifel Financial in the 3rd quarter worth approximately $30,000. First Horizon Advisors Inc. lifted its position in shares of Stifel Financial by 97.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 640 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 316 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in shares of Stifel Financial by 39.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 730 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 206 shares during the period. Bruce G. Allen Investments LLC acquired a new position in shares of Stifel Financial during the 4th quarter valued at $53,000. Finally, IFP Advisors Inc lifted its position in shares of Stifel Financial by 580.5% during the 3rd quarter. IFP Advisors Inc now owns 1,994 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 1,701 shares during the period. 82.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SF has been the topic of a number of research reports. UBS Group boosted their target price on shares of Stifel Financial from $74.00 to $78.00 and gave the company a “neutral” rating in a research report on Monday, January 29th. StockNews.com upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating in a research report on Thursday, January 25th. JMP Securities reiterated a “market outperform” rating and set a $88.00 target price on shares of Stifel Financial in a research report on Tuesday, April 9th. Citigroup boosted their target price on shares of Stifel Financial from $74.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Finally, TD Cowen boosted their target price on shares of Stifel Financial from $86.50 to $92.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $84.50.

Stifel Financial Trading Up 0.3 %

NYSE:SF opened at $78.51 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $8.07 billion, a PE ratio of 17.84 and a beta of 1.18. The firm’s 50 day moving average is $75.90 and its 200 day moving average is $69.17. Stifel Financial Corp. has a 12 month low of $54.81 and a 12 month high of $79.23.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.13). Stifel Financial had a net margin of 11.34% and a return on equity of 12.39%. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the firm posted $1.40 earnings per share. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. Sell-side analysts expect that Stifel Financial Corp. will post 7.04 earnings per share for the current year.

Stifel Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.14%. This is a positive change from Stifel Financial’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Thursday, February 29th. Stifel Financial’s payout ratio is currently 38.18%.

Insider Activity at Stifel Financial

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

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.