Federated Hermes Inc. Has $3.64 Million Stake in Stifel Financial Corp. (NYSE:SF)

Federated Hermes Inc. raised its position in shares of Stifel Financial Corp. (NYSE:SF) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,699 shares of the financial services provider’s stock after purchasing an additional 687 shares during the quarter. Federated Hermes Inc. owned 0.05% of Stifel Financial worth $3,644,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Allspring Global Investments Holdings LLC raised its position in Stifel Financial by 23.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 152,767 shares of the financial services provider’s stock valued at $9,386,000 after buying an additional 29,026 shares during the period. Panagora Asset Management Inc. lifted its position in shares of Stifel Financial by 3.3% in the third quarter. Panagora Asset Management Inc. now owns 114,234 shares of the financial services provider’s stock worth $7,019,000 after purchasing an additional 3,668 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC boosted its holdings in shares of Stifel Financial by 23.5% during the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 38,611 shares of the financial services provider’s stock worth $2,372,000 after purchasing an additional 7,357 shares during the period. New York State Common Retirement Fund grew its position in Stifel Financial by 20.6% during the third quarter. New York State Common Retirement Fund now owns 670,500 shares of the financial services provider’s stock valued at $41,196,000 after purchasing an additional 114,727 shares in the last quarter. Finally, QRG Capital Management Inc. acquired a new position in Stifel Financial in the 3rd quarter valued at approximately $770,000. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on SF. JMP Securities restated a “market outperform” rating and set a $88.00 price target on shares of Stifel Financial in a report on Tuesday, April 9th. Citigroup upped their target price on Stifel Financial from $74.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. TD Cowen raised their price target on Stifel Financial from $86.50 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, March 22nd. StockNews.com raised Stifel Financial from a “buy” rating to a “strong-buy” rating in a research note on Friday. Finally, UBS Group raised their price objective 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. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $84.50.

Insider Transactions at Stifel Financial

In related news, SVP Thomas B. Michaud sold 25,421 shares of Stifel Financial stock in a transaction 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 transaction, the senior vice president now owns 90,055 shares in the company, valued at approximately $6,687,484.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Victor Nesi sold 36,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was 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 $4,125,150.84. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Thomas B. Michaud sold 25,421 shares of the 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 sale, 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 corporate insiders.

Stifel Financial Trading Up 0.7 %

Stifel Financial stock opened at $79.05 on Friday. Stifel Financial Corp. has a one year low of $54.81 and a one year high of $79.40. The company’s fifty day moving average price is $75.94 and its two-hundred day moving average price is $69.23. The company has a market capitalization of $8.13 billion, a price-to-earnings ratio of 17.96 and a beta of 1.18. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.82 and a quick ratio of 0.79.

Stifel Financial (NYSE:SF) last issued its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $1.49 EPS 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 company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the company posted $1.40 EPS. The business’s revenue was up 5.1% on a year-over-year basis. On average, analysts forecast that Stifel Financial Corp. will post 7.04 earnings per share for the current fiscal year.

Stifel Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $0.42 dividend. 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. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.13%. Stifel Financial’s dividend payout ratio (DPR) is currently 38.18%.

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.