Stifel Financial Corporation (NYSE:SF) Shares Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP lifted its position in shares of Stifel Financial Corporation (NYSE:SF) by 89.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,084 shares of the financial services provider’s stock after buying an additional 5,718 shares during the period. GSA Capital Partners LLP’s holdings in Stifel Financial were worth $1,139,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. NBC Securities Inc. purchased a new stake in Stifel Financial during the 1st quarter worth $26,000. Alpine Bank Wealth Management purchased a new stake in Stifel Financial during the 1st quarter worth $27,000. Allworth Financial LP boosted its position in 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 purchasing an additional 136 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in Stifel Financial by 123.6% during the 1st 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, Bessemer Group Inc. boosted its position in Stifel Financial by 52.1% during the 4th quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 110 shares during the period. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Michael J. Zimmerman sold 10,000 shares of the company’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $96.69, for a total value of $966,900.00. Following the sale, the director owned 45,833 shares of the company’s stock, valued at $4,431,592.77. The trade was a 17.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.28% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SF shares. Wall Street Zen downgraded Stifel Financial from a “hold” rating to a “sell” rating in a research note on Saturday, July 26th. Citigroup raised their target price on Stifel Financial from $94.00 to $115.00 and gave the company a “neutral” rating in a research note on Monday, July 7th. Wells Fargo & Company raised their target price on Stifel Financial from $102.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. The Goldman Sachs Group lowered their target price on Stifel Financial from $121.00 to $105.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Finally, 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 research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $110.88.

Stifel Financial Trading Up 3.8%

NYSE SF opened at $114.29 on Thursday. The firm’s 50 day moving average price is $102.01 and its two-hundred day moving average price is $99.78. 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 Corporation has a twelve month low of $73.27 and a twelve month high of $120.64. The stock has a market cap of $11.74 billion, a price-to-earnings ratio of 21.85 and a beta of 1.09.

Stifel Financial (NYSE:SF) last issued its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.06. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Stifel Financial had a net margin of 12.26% and a return on equity of 13.88%. Stifel Financial’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.60 earnings per share. Equities analysts anticipate that Stifel Financial Corporation will post 8.26 EPS for the current year.

Stifel Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid 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 yield of 1.61%. Stifel Financial’s payout ratio is currently 35.18%.

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.