HB Wealth Management LLC Sells 1,285 Shares of Stifel Financial Corporation $SF

HB Wealth Management LLC decreased its holdings in Stifel Financial Corporation (NYSE:SF) by 34.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,443 shares of the financial services provider’s stock after selling 1,285 shares during the quarter. HB Wealth Management LLC’s holdings in Stifel Financial were worth $254,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the company. Bank of New Hampshire lifted its position in shares of Stifel Financial by 1.0% during the 2nd quarter. Bank of New Hampshire now owns 9,639 shares of the financial services provider’s stock worth $1,000,000 after buying an additional 100 shares in the last quarter. Journey Strategic Wealth LLC lifted its position in shares of Stifel Financial by 4.2% during the 1st quarter. Journey Strategic Wealth LLC now owns 2,907 shares of the financial services provider’s stock worth $274,000 after buying an additional 117 shares in the last quarter. Stratos Wealth Partners LTD. lifted its position in shares of Stifel Financial by 3.0% during the 1st quarter. Stratos Wealth Partners LTD. now owns 4,328 shares of the financial services provider’s stock worth $408,000 after buying an additional 127 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Stifel Financial by 40.8% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 466 shares of the financial services provider’s stock worth $48,000 after buying an additional 135 shares in the last quarter. Finally, Allworth Financial LP lifted its position in shares of Stifel Financial by 67.7% during the 1st quarter. Allworth Financial LP now owns 337 shares of the financial services provider’s stock worth $29,000 after buying an additional 136 shares in the last quarter. Institutional investors own 82.01% of the company’s stock.

Analyst Upgrades and Downgrades

SF has been the topic of several recent analyst reports. Wells Fargo & Company lifted their target price on shares of Stifel Financial from $102.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. BMO Capital Markets began coverage on shares of Stifel Financial in a research note on Friday, October 3rd. They set a “market perform” rating and a $121.00 price target for the company. Zacks Research lowered shares of Stifel Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Stifel Financial in a research note on Saturday, September 27th. Finally, Stifel Nicolaus set a $135.00 price target on shares of Stifel Financial in a research note on Thursday, July 31st. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $116.30.

Stifel Financial Stock Down 2.0%

Stifel Financial stock opened at $110.95 on Wednesday. Stifel Financial Corporation has a 1-year low of $73.27 and a 1-year high of $120.64. The firm has a market capitalization of $11.34 billion, a price-to-earnings ratio of 21.50 and a beta of 1.13. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28. The firm has a 50 day simple moving average of $113.56 and a 200 day simple moving average of $102.15.

Stifel Financial (NYSE:SF) last released its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.06. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. Stifel Financial had a net margin of 11.90% and a return on equity of 13.93%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.60 EPS. On average, analysts predict that Stifel Financial Corporation will post 8.26 earnings per share for the current year.

Stifel Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Tuesday, September 2nd. Stifel Financial’s payout ratio is 35.66%.

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.