NBC Securities Inc. Invests $26,000 in Stifel Financial Corp. (NYSE:SF)

NBC Securities Inc. acquired a new stake in Stifel Financial Corp. (NYSE:SF) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 279 shares of the financial services provider’s stock, valued at approximately $26,000.

Other hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp grew its position in Stifel Financial by 35.6% in the 4th quarter. Van ECK Associates Corp now owns 72,889 shares of the financial services provider’s stock valued at $7,732,000 after acquiring an additional 19,118 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Stifel Financial in the fourth quarter valued at approximately $26,000. Legacy Capital Wealth Partners LLC grew its holdings in shares of Stifel Financial by 5.1% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 3,936 shares of the financial services provider’s stock valued at $418,000 after purchasing an additional 190 shares in the last quarter. Principal Securities Inc. increased its stake in Stifel Financial by 10.1% during the 4th quarter. Principal Securities Inc. now owns 1,642 shares of the financial services provider’s stock worth $174,000 after buying an additional 150 shares during the period. Finally, Sanctuary Advisors LLC lifted its holdings in Stifel Financial by 0.9% during the 4th quarter. Sanctuary Advisors LLC now owns 49,578 shares of the financial services provider’s stock worth $5,830,000 after buying an additional 465 shares in the last quarter. Institutional investors and hedge funds own 82.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on SF shares. JMP Securities dropped their price target on shares of Stifel Financial from $135.00 to $120.00 and set a “market outperform” rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company lowered their target price on Stifel Financial from $106.00 to $102.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. JPMorgan Chase & Co. cut their price target on Stifel Financial from $123.00 to $100.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. TD Cowen decreased their price objective on Stifel Financial from $124.00 to $84.00 and set a “hold” rating for the company in a research note on Wednesday, April 9th. Finally, The Goldman Sachs Group lowered their price objective on Stifel Financial from $121.00 to $105.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $105.50.

Stifel Financial Price Performance

Shares of NYSE SF opened at $95.39 on Friday. The stock’s 50-day simple moving average is $90.81 and its 200-day simple moving average is $100.45. The firm has a market capitalization of $9.80 billion, a PE ratio of 15.29 and a beta of 1.07. Stifel Financial Corp. has a fifty-two week low of $73.27 and a fifty-two week high of $120.64. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 EPS for the quarter, missing the consensus estimate of $1.64 by ($1.15). The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.49 earnings per share. As a group, equities research analysts forecast that Stifel Financial Corp. will post 8.26 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.84 annualized dividend and a yield of 1.93%. Stifel Financial’s dividend payout ratio is currently 35.18%.

Insider Activity at Stifel Financial

In other news, Director Michael J. Zimmerman sold 10,000 shares of Stifel Financial stock in a transaction on Friday, June 6th. The shares were sold at an average price of $96.69, for a total value of $966,900.00. Following the transaction, the director now directly owns 45,833 shares of the company’s stock, valued at $4,431,592.77. The trade was a 17.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.28% of the stock is owned by corporate 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.