Allworth Financial LP Buys 136 Shares of Stifel Financial Corporation (NYSE:SF)

Allworth Financial LP boosted its position in Stifel Financial Corporation (NYSE:SF) by 67.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. NBC Securities Inc. bought a new stake in shares of Stifel Financial in the first quarter valued at $26,000. Alpine Bank Wealth Management bought a new position in shares of Stifel Financial during the 1st quarter worth $27,000. MassMutual Private Wealth & Trust FSB increased its holdings in Stifel Financial by 123.6% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 183 shares during the last quarter. Bessemer Group Inc. increased its holdings in Stifel Financial by 52.1% in the 4th quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 110 shares during the last quarter. Finally, Quarry LP bought a new stake in Stifel Financial in the 4th quarter valued at about $49,000. 82.01% of the stock is owned by institutional investors.

Insider Transactions at Stifel Financial

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

Stifel Financial Price Performance

SF stock opened at $109.92 on Friday. The firm has a 50 day moving average of $100.29 and a 200-day moving average of $99.66. The firm has a market capitalization of $11.29 billion, a P/E ratio of 21.02 and a beta of 1.09. Stifel Financial Corporation has a 12 month low of $73.27 and a 12 month high of $120.64. The company has a current ratio of 0.81, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28.

Stifel Financial (NYSE:SF) last posted its earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($1.15). The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Stifel Financial had a return on equity of 13.88% and a net margin of 12.26%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.49 earnings per share. As a group, sell-side analysts predict that Stifel Financial Corporation will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a $0.46 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.67%. Stifel Financial’s dividend payout ratio (DPR) is presently 35.18%.

Analyst Ratings Changes

SF has been the subject of a number of research reports. Wolfe Research upgraded shares of Stifel Financial from a “peer perform” rating to an “outperform” rating and set a $108.00 target price for the company in a research report on Thursday, April 24th. Wall Street Zen upgraded shares of Stifel Financial from a “sell” rating to a “hold” rating in a research note on Sunday, July 13th. Wells Fargo & Company raised their price objective on shares of Stifel Financial from $102.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. 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. Finally, TD Cowen dropped their target price on Stifel Financial from $124.00 to $84.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Stifel Financial presently has a consensus rating of “Hold” and an average target price of $110.88.

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.