Amundi Acquires 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 lifted its holdings in Stifel Financial Corporation (NYSE:SF - Free Report) by 352,150.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,135 shares of the financial services provider's stock after purchasing an additional 21,129 shares during the period. Amundi's holdings in Stifel Financial were worth $1,818,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. NBC Securities Inc. acquired a new stake in shares of Stifel Financial in the 1st quarter valued at $26,000. Alpine Bank Wealth Management acquired a new stake in shares of Stifel Financial in the 1st quarter valued at $27,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of 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 valued at $31,000 after purchasing an additional 183 shares during the last quarter. Allworth Financial LP lifted 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 acquiring an additional 136 shares during the last quarter. Finally, Bessemer Group Inc. lifted its position in Stifel Financial by 53.0% during the 1st quarter. Bessemer Group Inc. now owns 491 shares of the financial services provider's stock worth $46,000 after acquiring an additional 170 shares during the last quarter. Institutional investors and hedge funds own 82.01% of the company's stock.

Stifel Financial Price Performance

Shares of SF stock traded down $1.65 during trading hours on Monday, reaching $113.64. 476,192 shares of the company were exchanged, compared to its average volume of 626,703. Stifel Financial Corporation has a fifty-two week low of $73.27 and a fifty-two week high of $120.64. The stock's fifty day moving average is $112.40 and its two-hundred day moving average is $100.36. The company has a market cap of $11.61 billion, a price-to-earnings ratio of 22.02 and a beta of 1.13. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.82 and a quick ratio of 0.77.

Stifel Financial (NYSE:SF - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.06. Stifel Financial had a net margin of 11.90% and a return on equity of 13.93%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the business posted $1.60 earnings per share. Stifel Financial's revenue was up 5.4% compared to the same quarter last year. Sell-side analysts forecast 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 will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. Stifel Financial's dividend payout ratio is currently 35.66%.

Analysts Set New Price Targets

A number of research firms have weighed in on SF. Wells Fargo & Company boosted their target price 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. Citigroup raised shares of Stifel Financial from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $115.00 to $135.00 in a research report on Thursday, July 31st. JMP Securities boosted their target price on shares of Stifel Financial from $120.00 to $130.00 and gave the stock a "market outperform" rating in a research report on Monday, July 14th. Stifel Nicolaus set a $135.00 target price on shares of Stifel Financial in a research report on Thursday, July 31st. Finally, Zacks Research lowered shares of Stifel Financial from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 8th. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $115.78.

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.