Allworth Financial LP Has $29,000 Holdings in Stifel Financial Corporation (NYSE:SF)

Allworth Financial LP raised its position in Stifel Financial Corporation (NYSE:SF) by 67.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 337 shares of the financial services provider’s stock after purchasing an additional 136 shares during the period. Allworth Financial LP’s holdings in Stifel Financial were worth $29,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hancock Whitney Corp boosted its position in shares of Stifel Financial by 1.3% during the 4th quarter. Hancock Whitney Corp now owns 7,541 shares of the financial services provider’s stock valued at $800,000 after purchasing an additional 99 shares in the last quarter. Bessemer Group Inc. lifted its stake in Stifel Financial by 52.1% in the fourth quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider’s stock valued at $34,000 after buying an additional 110 shares during the period. Stratos Wealth Partners LTD. lifted its stake in Stifel Financial by 3.0% in the first quarter. Stratos Wealth Partners LTD. now owns 4,328 shares of the financial services provider’s stock valued at $408,000 after buying an additional 127 shares during the period. MML Investors Services LLC boosted its holdings in shares of Stifel Financial by 0.5% during the 4th quarter. MML Investors Services LLC now owns 28,657 shares of the financial services provider’s stock worth $3,040,000 after buying an additional 136 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its position in shares of Stifel Financial by 7.2% during the 4th quarter. Quadrant Capital Group LLC now owns 2,060 shares of the financial services provider’s stock worth $219,000 after buying an additional 138 shares during the period. Institutional investors and hedge funds own 82.01% of the company’s stock.

Insider Transactions at Stifel Financial

In other Stifel Financial news, Director Michael J. Zimmerman sold 10,000 shares of the firm’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of $96.69, for a total transaction of $966,900.00. Following the transaction, the director directly owned 45,833 shares in the company, valued at approximately $4,431,592.77. This trade represents a 17.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.28% of the company’s stock.

Analysts Set New Price Targets

SF has been the topic of several research analyst reports. Citigroup increased their target price on shares of Stifel Financial from $94.00 to $115.00 and gave the stock a “neutral” rating in a research note on Monday, July 7th. Wells Fargo & Company upped their price objective on shares of Stifel Financial from $102.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, July 11th. Wall Street Zen upgraded Stifel Financial from a “sell” rating to a “hold” rating in a research note on Sunday, July 13th. JPMorgan Chase & Co. decreased their target price on Stifel Financial from $123.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Finally, The Goldman Sachs Group cut their price target on Stifel Financial from $121.00 to $105.00 and set a “neutral” rating on the stock in a report on Thursday, April 3rd. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $110.88.

Stifel Financial Trading Up 0.3%

NYSE:SF opened at $109.92 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.81 and a quick ratio of 0.77. Stifel Financial Corporation has a one year low of $73.27 and a one year high of $120.64. The company has a market cap of $11.29 billion, a PE ratio of 21.02 and a beta of 1.09. The firm has a 50-day moving average of $100.29 and a 200-day moving average of $99.66.

Stifel Financial (NYSE:SF) last released its quarterly 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 company 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%. Stifel Financial’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.49 EPS. As a group, equities research analysts expect that Stifel Financial Corporation will post 8.26 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.46 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.84 annualized dividend and a dividend yield of 1.67%. Stifel Financial’s payout ratio is 35.18%.

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.