Beverly Hills Private Wealth LLC Acquires 3,266 Shares of Stifel Financial Corporation (NYSE:SF)

Beverly Hills Private Wealth LLC boosted its stake in Stifel Financial Corporation (NYSE:SF - Free Report) by 10.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,683 shares of the financial services provider's stock after acquiring an additional 3,266 shares during the period. Beverly Hills Private Wealth LLC's holdings in Stifel Financial were worth $3,269,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. NBC Securities Inc. bought a new stake in Stifel Financial in the first quarter worth about $26,000. Alpine Bank Wealth Management purchased a new position in shares of Stifel Financial in the first quarter worth about $27,000. Bessemer Group Inc. increased its stake 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 worth $34,000 after purchasing an additional 110 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of Stifel Financial by 123.6% in 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 in the last quarter. Finally, Quarry LP purchased a new position in shares of Stifel Financial in the fourth quarter worth about $49,000. Institutional investors own 82.01% of the company's stock.

Stifel Financial Price Performance

NYSE:SF traded up $0.96 during mid-day trading on Tuesday, hitting $108.41. 184,013 shares of the stock traded hands, compared to its average volume of 683,496. The business's 50-day moving average price is $96.65 and its 200 day moving average price is $99.43. The company has a market cap of $11.14 billion, a PE ratio of 20.73 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 quick ratio of 0.77, a current ratio of 0.81 and a debt-to-equity ratio of 0.28.

Stifel Financial (NYSE:SF - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $1.64 by ($1.15). Stifel Financial had a return on equity of 13.88% and a net margin of 12.26%. The company had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.32 billion. During the same period in the prior year, the firm earned $1.49 EPS. Stifel Financial's quarterly revenue was up 7.9% on a year-over-year basis. On average, analysts expect that Stifel Financial Corporation will post 8.26 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $0.46 dividend. The ex-dividend date was Monday, June 2nd. This represents a $1.84 dividend on an annualized basis and a yield of 1.70%. Stifel Financial's dividend payout ratio is presently 35.18%.

Insider Buying and Selling

In other Stifel Financial news, Director Michael J. Zimmerman sold 10,000 shares of the business's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $96.69, for a total value of $966,900.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.28% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

SF has been the subject of several recent research reports. TD Cowen reduced their target price on shares of Stifel Financial from $124.00 to $84.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Citigroup lifted their target price on shares of Stifel Financial from $94.00 to $115.00 and gave the stock a "neutral" rating in a research note on Monday. JPMorgan Chase & Co. reduced their target price on shares of Stifel Financial from $123.00 to $100.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Wells Fargo & Company reduced their target price on shares of Stifel Financial from $106.00 to $102.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group reduced their price objective on shares of Stifel Financial from $121.00 to $105.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Stifel Financial has an average rating of "Hold" and an average price target of $106.75.

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.