Stratos Wealth Partners LTD. Purchases 127 Shares of Stifel Financial Corporation (NYSE:SF)

Stratos Wealth Partners LTD. increased its position in Stifel Financial Corporation (NYSE:SF) by 3.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,328 shares of the financial services provider’s stock after purchasing an additional 127 shares during the period. Stratos Wealth Partners LTD.’s holdings in Stifel Financial were worth $408,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. bought a new position in Stifel Financial in the 1st quarter worth about $361,000. Sumitomo Mitsui Trust Group Inc. bought a new position in Stifel Financial during the 1st quarter valued at about $1,648,000. GAMMA Investing LLC lifted its stake in Stifel Financial by 401.0% during the 1st quarter. GAMMA Investing LLC now owns 4,509 shares of the financial services provider’s stock valued at $425,000 after acquiring an additional 3,609 shares during the period. Asset Management One Co. Ltd. bought a new position in Stifel Financial during the 1st quarter valued at about $1,165,000. Finally, Bessemer Group Inc. lifted its stake in Stifel Financial by 53.0% during the 1st quarter. Bessemer Group Inc. now owns 491 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 170 shares during the period. Institutional investors own 82.01% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on SF shares. JPMorgan Chase & Co. lowered their target price on shares of Stifel Financial from $123.00 to $100.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Citigroup upped their target price on shares of Stifel Financial from $94.00 to $115.00 and gave the company a “neutral” rating in a research note on Monday, July 7th. TD Cowen lowered their target price on shares of Stifel Financial from $124.00 to $84.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. Wall Street Zen upgraded shares of Stifel Financial from a “sell” rating to a “hold” rating in a research note on Sunday. Finally, JMP Securities increased their price objective on shares of Stifel Financial from $120.00 to $130.00 and gave the stock a “market outperform” rating in a research note on Monday. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Stifel Financial has an average rating of “Hold” and an average price target of $110.88.

Insider Transactions at Stifel Financial

In related news, Director Michael J. Zimmerman sold 10,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director directly owned 45,833 shares of the company’s stock, valued at approximately $4,431,592.77. This represents a 17.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.28% of the company’s stock.

Stifel Financial Price Performance

Shares of NYSE:SF opened at $110.33 on Tuesday. The firm’s 50 day moving average price is $98.38 and its 200-day moving average price is $99.47. Stifel Financial Corporation has a twelve month low of $73.27 and a twelve month high of $120.64. The company has a quick ratio of 0.77, a current ratio of 0.81 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $11.33 billion, a PE ratio of 21.10 and a beta of 1.09.

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 the consensus estimate of $1.64 by ($1.15). The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Stifel Financial had a return on equity of 13.88% and a net margin of 12.26%. The company’s revenue was up 7.9% compared to the same quarter last year. During the same period in the prior 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 year.

Stifel Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.67%. The ex-dividend date was Monday, June 2nd. Stifel Financial’s dividend payout ratio is 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.