KBC Group NV Has $448,000 Stake in Stifel Financial Corporation (NYSE:SF)

KBC Group NV raised its position in Stifel Financial Corporation (NYSE:SF) by 7.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,751 shares of the financial services provider’s stock after purchasing an additional 344 shares during the quarter. KBC Group NV’s holdings in Stifel Financial were worth $448,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. NBC Securities Inc. acquired a new stake in shares of Stifel Financial in the first quarter valued at about $26,000. Alpine Bank Wealth Management acquired a new stake in shares of Stifel Financial in the first quarter valued at about $27,000. Bessemer Group Inc. increased its position in shares of 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 acquiring an additional 110 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Stifel Financial by 123.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 183 shares during the period. Finally, Quarry LP bought a new position in Stifel Financial during the fourth quarter worth about $49,000. Institutional investors and hedge funds own 82.01% of the company’s stock.

Insider Activity

In related news, Director Michael J. Zimmerman sold 10,000 shares of the business’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 in the company, valued at approximately $4,431,592.77. The trade was a 17.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 3.28% of the company’s stock.

Analysts Set New Price Targets

SF has been the subject of a number of research analyst reports. Citigroup reduced their price target on Stifel Financial from $125.00 to $105.00 and set a “neutral” rating for the company in a report on Wednesday, April 2nd. JMP Securities reduced their price target on Stifel Financial from $135.00 to $120.00 and set a “market outperform” rating for the company in a report on Tuesday, April 8th. Wolfe Research upgraded Stifel Financial from a “peer perform” rating to an “outperform” rating and set a $108.00 price target for the company in a report on Thursday, April 24th. JPMorgan Chase & Co. reduced their price target on Stifel Financial from $123.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Finally, Wells Fargo & Company reduced their price target on Stifel Financial from $106.00 to $102.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Stifel Financial has an average rating of “Hold” and an average target price of $105.50.

Stifel Financial Trading Up 1.7%

Shares of NYSE:SF opened at $109.20 on Friday. Stifel Financial Corporation has a 12-month low of $73.27 and a 12-month high of $120.64. The stock has a market cap of $11.22 billion, a PE ratio of 20.88 and a beta of 1.09. The business has a 50 day moving average of $96.22 and a 200-day moving average of $99.45. The company has a quick ratio of 0.77, a current ratio of 0.81 and a debt-to-equity ratio of 0.28.

Stifel Financial (NYSE:SF) last issued its quarterly earnings data 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 firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.49 EPS. As a group, equities research analysts forecast that Stifel Financial Corporation will post 8.26 earnings per share for the current year.

Stifel Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Monday, June 2nd. Stifel Financial’s dividend payout ratio (DPR) is currently 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.