Amalgamated Bank Raises Stock Holdings in Stifel Financial Corp. (NYSE:SF)

Amalgamated Bank increased its stake in Stifel Financial Corp. (NYSE:SF) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 69,263 shares of the financial services provider’s stock after buying an additional 529 shares during the period. Amalgamated Bank’s holdings in Stifel Financial were worth $4,790,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC raised its stake in shares of Stifel Financial by 187.4% in the 3rd quarter. FMR LLC now owns 2,220,791 shares of the financial services provider’s stock valued at $136,445,000 after purchasing an additional 1,448,068 shares in the last quarter. Principal Financial Group Inc. raised its stake in Stifel Financial by 77.9% during the third quarter. Principal Financial Group Inc. now owns 1,183,721 shares of the financial services provider’s stock valued at $72,728,000 after buying an additional 518,163 shares in the last quarter. Fiera Capital Corp bought a new position in Stifel Financial during the 3rd quarter worth approximately $28,559,000. Envestnet Asset Management Inc. grew its position in shares of Stifel Financial by 86.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 492,447 shares of the financial services provider’s stock worth $30,256,000 after acquiring an additional 228,775 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new stake in shares of Stifel Financial in the 3rd quarter valued at approximately $13,567,000. 82.01% of the stock is owned by institutional investors and hedge funds.

Stifel Financial Trading Down 0.5 %

Shares of NYSE:SF opened at $82.79 on Wednesday. Stifel Financial Corp. has a fifty-two week low of $54.81 and a fifty-two week high of $83.78. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 0.35. The company has a market cap of $8.51 billion, a PE ratio of 18.82 and a beta of 1.14. The company’s 50-day moving average price is $76.70 and its 200 day moving average price is $70.60.

Stifel Financial (NYSE:SF) last issued its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $1.49 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.13). Stifel Financial had a return on equity of 12.39% and a net margin of 11.34%. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the firm posted $1.40 earnings per share. Stifel Financial’s revenue was up 5.1% compared to the same quarter last year. Sell-side analysts anticipate that Stifel Financial Corp. will post 7.04 earnings per share for the current year.

Insider Activity at Stifel Financial

In other news, Director David A. Peacock sold 13,000 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $79.90, for a total transaction of $1,038,700.00. Following the completion of the sale, the director now directly owns 18,646 shares of the company’s stock, valued at approximately $1,489,815.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, SVP Thomas B. Michaud sold 25,421 shares of Stifel Financial stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $74.26, for a total value of $1,887,763.46. Following the transaction, the senior vice president now directly owns 90,055 shares of the company’s stock, valued at $6,687,484.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David A. Peacock sold 13,000 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $79.90, for a total transaction of $1,038,700.00. Following the completion of the sale, the director now owns 18,646 shares of the company’s stock, valued at approximately $1,489,815.40. The disclosure for this sale can be found here. Insiders sold a total of 74,421 shares of company stock valued at $5,639,783 over the last ninety days. Insiders own 3.52% of the company’s stock.

Analyst Upgrades and Downgrades

SF has been the topic of several research analyst reports. TD Cowen raised their price objective on Stifel Financial from $86.50 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, March 22nd. Citigroup raised their price target on shares of Stifel Financial from $74.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. StockNews.com upgraded shares of Stifel Financial from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 26th. JMP Securities restated a “market outperform” rating and issued a $88.00 target price on shares of Stifel Financial in a research note on Tuesday, April 9th. Finally, UBS Group increased their price target on Stifel Financial from $74.00 to $78.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Stifel Financial currently has an average rating of “Moderate Buy” and a consensus price target of $84.50.

About Stifel Financial

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.