Stifel Financial Corporation (NYSE:SF) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its holdings in shares of Stifel Financial Corporation (NYSE:SF) by 136.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,605 shares of the financial services provider’s stock after purchasing an additional 4,973 shares during the period. SG Americas Securities LLC’s holdings in Stifel Financial were worth $811,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. NBC Securities Inc. acquired a new position in shares of Stifel Financial during the first quarter worth $26,000. MassMutual Private Wealth & Trust FSB increased its stake in Stifel Financial by 123.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the financial services provider’s stock worth $31,000 after buying an additional 183 shares during the period. Bessemer Group Inc. lifted its holdings in Stifel Financial by 52.1% in the 4th quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider’s stock worth $34,000 after buying an additional 110 shares in the last quarter. Quarry LP purchased a new position in Stifel Financial in the 4th quarter valued at about $49,000. Finally, Smartleaf Asset Management LLC grew its stake in shares of Stifel Financial by 26.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 528 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 111 shares in the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SF. TD Cowen cut their target price on Stifel Financial from $124.00 to $84.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. 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. JPMorgan Chase & Co. cut their price target on shares of Stifel Financial from $123.00 to $100.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Wall Street Zen raised shares of Stifel Financial from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. Finally, Wolfe Research raised shares of Stifel Financial from a “peer perform” rating to an “outperform” rating and set a $108.00 target price for the company in a research report on Thursday, April 24th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $105.50.

Insider Buying and Selling at Stifel Financial

In other Stifel Financial news, Director Michael J. Zimmerman sold 10,000 shares of the business’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $96.69, for a total transaction of $966,900.00. Following the sale, 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 filing with the SEC, which is available through this link. Insiders own 3.28% of the company’s stock.

Stifel Financial Price Performance

Shares of SF stock opened at $97.16 on Friday. The stock’s fifty day moving average is $91.97 and its 200-day moving average is $100.04. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.81. Stifel Financial Corporation has a 52 week low of $73.27 and a 52 week high of $120.64. The stock has a market capitalization of $9.98 billion, a PE ratio of 18.58 and a beta of 1.07.

Stifel Financial (NYSE:SF) last released its earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($1.15). The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.32 billion. Stifel Financial had a net margin of 12.26% and a return on equity of 13.88%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.49 earnings per share. Equities research analysts expect that Stifel Financial Corporation will post 8.26 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date was Monday, June 2nd. Stifel Financial’s dividend payout ratio is currently 35.18%.

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.