Amundi Buys 21,129 Shares of Stifel Financial Corporation $SF

Key Points

• Amundi increased its stake in Stifel Financial Corporation by 352,150%, acquiring an additional 21,129 shares, bringing its total holdings to 21,135 shares worth approximately $1.82 million.
• Various research analysts have recently upgraded Stifel Financial's stock ratings, with Citigroup raising its price target from $115.00 to $135.00, while Stifel Nicolaus set a price objective at $135.00.
• Stifel Financial reported $1.71 EPS for the most recent quarter, exceeding estimates, with revenue of $1.28 billion, a year-over-year increase of 5.4%.

Amundi raised its position in shares of Stifel Financial Corporation (NYSE:SF - Free Report) by 352,150.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,135 shares of the financial services provider's stock after acquiring an additional 21,129 shares during the period. Amundi's holdings in Stifel Financial were worth $1,818,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Ancora Advisors LLC boosted its holdings in Stifel Financial by 2.9% during the first quarter. Ancora Advisors LLC now owns 135,955 shares of the financial services provider's stock valued at $12,815,000 after acquiring an additional 3,877 shares during the period. Adage Capital Partners GP L.L.C. bought a new stake in shares of Stifel Financial in the first quarter valued at about $6,598,000. Focus Partners Advisor Solutions LLC bought a new stake in shares of Stifel Financial in the first quarter valued at about $676,000. Cubist Systematic Strategies LLC lifted its stake in shares of Stifel Financial by 112.5% in the first quarter. Cubist Systematic Strategies LLC now owns 74,625 shares of the financial services provider's stock valued at $7,034,000 after buying an additional 39,501 shares during the period. Finally, Quarry LP lifted its stake in shares of Stifel Financial by 151.9% in the first quarter. Quarry LP now owns 1,156 shares of the financial services provider's stock valued at $109,000 after buying an additional 697 shares during the period. 82.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Citigroup upgraded shares of Stifel Financial from a "neutral" rating to a "buy" rating and increased their target price for the company from $115.00 to $135.00 in a research note on Thursday, July 31st. Wall Street Zen upgraded shares of Stifel Financial from a "sell" rating to a "hold" rating in a research note on Sunday, August 3rd. Stifel Nicolaus set a $135.00 target price on shares of Stifel Financial in a research note on Thursday, July 31st. Zacks Research lowered shares of Stifel Financial from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 8th. Finally, Wells Fargo & Company increased their price target 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. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $115.78.

Stifel Financial Price Performance

NYSE:SF traded up $1.45 during mid-day trading on Thursday, hitting $115.47. The company's stock had a trading volume of 845,538 shares, compared to its average volume of 623,515. Stifel Financial Corporation has a fifty-two week low of $73.27 and a fifty-two week high of $120.64. 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 company has a market capitalization of $11.80 billion, a price-to-earnings ratio of 22.38 and a beta of 1.13. The stock has a fifty day moving average of $112.73 and a 200-day moving average of $100.63.

Stifel Financial (NYSE:SF - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company's quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.60 earnings per share. As a group, equities analysts forecast that Stifel Financial Corporation will post 8.26 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $1.84 annualized dividend and a dividend yield of 1.6%. Stifel Financial's dividend payout ratio (DPR) is presently 35.66%.

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.