Van ECK Associates Corp Purchases 9,384 Shares of Stifel Financial Corp. (NYSE:SF)

Van ECK Associates Corp raised its position in shares of Stifel Financial Corp. (NYSE:SFFree Report) by 36.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,083 shares of the financial services provider’s stock after purchasing an additional 9,384 shares during the period. Van ECK Associates Corp’s holdings in Stifel Financial were worth $2,742,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of SF. Norges Bank bought a new position in Stifel Financial during the fourth quarter valued at $84,369,000. Principal Financial Group Inc. boosted its holdings in shares of Stifel Financial by 12.8% in the first quarter. Principal Financial Group Inc. now owns 1,332,258 shares of the financial services provider’s stock worth $104,143,000 after acquiring an additional 151,046 shares during the period. Access Investment Management LLC bought a new position in shares of Stifel Financial in the fourth quarter worth $9,840,000. Channing Capital Management LLC boosted its holdings in shares of Stifel Financial by 13.8% in the fourth quarter. Channing Capital Management LLC now owns 1,128,947 shares of the financial services provider’s stock worth $78,067,000 after acquiring an additional 136,784 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Stifel Financial by 274.2% in the first quarter. Assenagon Asset Management S.A. now owns 147,586 shares of the financial services provider’s stock worth $11,537,000 after acquiring an additional 108,147 shares during the period. 82.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SF shares. TD Cowen raised their price target on Stifel Financial from $86.50 to $92.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. JMP Securities reaffirmed a “market outperform” rating and issued a $88.00 price target on shares of Stifel Financial in a report on Tuesday, April 9th. StockNews.com downgraded Stifel Financial from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 9th. Finally, Citigroup increased their price objective on Stifel Financial from $74.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $84.50.

View Our Latest Report on SF

Stifel Financial Trading Down 1.2 %

Shares of SF stock opened at $82.41 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 0.84. Stifel Financial Corp. has a 52-week low of $54.81 and a 52-week high of $85.25. The company has a market capitalization of $8.44 billion, a PE ratio of 18.73 and a beta of 1.11. The business’s fifty day moving average is $81.14 and its 200 day moving average is $76.47.

Stifel Financial (NYSE:SFGet Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.13). Stifel Financial had a return on equity of 12.40% and a net margin of 11.34%. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter last year, the business posted $1.40 EPS. The company’s quarterly revenue was up 5.1% on a year-over-year basis. On average, equities research analysts anticipate that Stifel Financial Corp. will post 7.04 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a dividend of $0.42 per share. The ex-dividend date was Monday, June 3rd. This represents a $1.68 dividend on an annualized basis and a yield of 2.04%. Stifel Financial’s payout ratio is 38.18%.

Insider Buying and Selling at Stifel Financial

In other Stifel Financial news, Director David A. Peacock sold 13,000 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $79.90, for a total transaction of $1,038,700.00. Following the sale, the director now owns 18,646 shares in the company, valued at $1,489,815.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.57% of the company’s stock.

About Stifel Financial

(Free Report)

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.

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Institutional Ownership by Quarter for Stifel Financial (NYSE:SF)

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