HB Wealth Management LLC Buys 1,414 Shares of Stifel Financial Corporation (NYSE:SF)

HB Wealth Management LLC raised its stake in shares of Stifel Financial Corporation (NYSE:SF) by 61.1% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 3,728 shares of the financial services provider’s stock after purchasing an additional 1,414 shares during the period. HB Wealth Management LLC’s holdings in Stifel Financial were worth $351,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. FMR LLC raised its position in shares of Stifel Financial by 8.5% during the 4th quarter. FMR LLC now owns 8,628,832 shares of the financial services provider’s stock valued at $915,346,000 after purchasing an additional 672,420 shares during the period. GAMMA Investing LLC increased its stake in Stifel Financial by 47,124.2% in the 1st quarter. GAMMA Investing LLC now owns 425,018 shares of the financial services provider’s stock worth $40,062,000 after buying an additional 424,118 shares in the last quarter. Walleye Capital LLC raised its holdings in Stifel Financial by 477.9% during the fourth quarter. Walleye Capital LLC now owns 238,945 shares of the financial services provider’s stock valued at $25,347,000 after acquiring an additional 197,598 shares during the period. Invesco Ltd. lifted its position in shares of Stifel Financial by 18.2% in the fourth quarter. Invesco Ltd. now owns 1,207,465 shares of the financial services provider’s stock valued at $128,088,000 after acquiring an additional 186,352 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc lifted its position in shares of Stifel Financial by 54.7% in the first quarter. AEGON ASSET MANAGEMENT UK Plc now owns 416,693 shares of the financial services provider’s stock valued at $39,244,000 after acquiring an additional 147,263 shares in the last quarter. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Analyst Upgrades and Downgrades

SF has been the subject of several research analyst reports. Citigroup upgraded Stifel Financial from a “neutral” rating to a “buy” rating and increased their target price for the stock from $115.00 to $135.00 in a research report on Thursday. Wolfe Research upgraded shares of Stifel Financial from a “peer perform” rating to an “outperform” rating and set a $108.00 price objective on the stock in a research report on Thursday, April 24th. 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 report on Friday, April 11th. Wells Fargo & Company raised their target price on shares of Stifel Financial from $102.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. Finally, TD Cowen decreased their price target 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $115.78.

Stifel Financial Trading Down 2.7%

SF stock opened at $111.04 on Friday. The firm has a fifty day moving average price of $103.15 and a 200 day moving average price of $99.97. Stifel Financial Corporation has a fifty-two week low of $73.27 and a fifty-two week high of $120.64. The firm has a market cap of $11.41 billion, a PE ratio of 21.52 and a beta of 1.11. 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 (NYSE:SF) last released its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $1.71 EPS for the quarter, beating the consensus estimate of $1.65 by $0.06. Stifel Financial had a net margin of 11.90% and a return on equity of 13.93%. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the business earned $1.60 earnings per share. Stifel Financial’s quarterly revenue was up 5.4% compared to the same quarter last year. Sell-side analysts anticipate that Stifel Financial Corporation will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Monday, June 2nd. Stifel Financial’s payout ratio is presently 35.18%.

Insiders Place Their Bets

In other news, Director Michael J. Zimmerman sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, June 6th. The stock was 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 $4,431,592.77. This trade represents a 17.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.28% of the stock is owned by insiders.

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.