Beverly Hills Private Wealth LLC Has $3.27 Million Stock Holdings in Stifel Financial Corporation (NYSE:SF)

Beverly Hills Private Wealth LLC boosted its holdings in Stifel Financial Corporation (NYSE:SF - Free Report) by 10.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,683 shares of the financial services provider's stock after acquiring an additional 3,266 shares during the quarter. Beverly Hills Private Wealth LLC's holdings in Stifel Financial were worth $3,269,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of SF. NBC Securities Inc. acquired a new stake in shares of Stifel Financial during the first quarter worth approximately $26,000. Alpine Bank Wealth Management acquired a new stake in shares of Stifel Financial during the first quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Stifel Financial by 123.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the financial services provider's stock worth $31,000 after buying an additional 183 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of Stifel Financial by 52.1% during the fourth quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider's stock worth $34,000 after buying an additional 110 shares in the last quarter. Finally, Quarry LP acquired a new stake in shares of Stifel Financial during the fourth quarter worth approximately $49,000. Institutional investors and hedge funds own 82.01% of the company's stock.

Stifel Financial Trading Down 1.5%

SF stock traded down $1.66 during midday trading on Monday, reaching $107.54. The company's stock had a trading volume of 578,549 shares, compared to its average volume of 685,437. Stifel Financial Corporation has a 52 week low of $73.27 and a 52 week high of $120.64. The stock has a market cap of $11.05 billion, a PE ratio of 20.56 and a beta of 1.09. The company has a quick ratio of 0.77, a current ratio of 0.81 and a debt-to-equity ratio of 0.28. The business's 50-day simple moving average is $96.22 and its 200-day simple moving average is $99.41.

Stifel Financial (NYSE:SF - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.64 by ($1.15). Stifel Financial had a net margin of 12.26% and a return on equity of 13.88%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the business posted $1.49 earnings per share. Stifel Financial's revenue was up 7.9% compared to the same quarter last year. As a group, sell-side analysts expect that Stifel Financial Corporation will post 8.26 EPS for the current year.

Stifel Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $0.46 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.84 annualized dividend and a yield of 1.71%. Stifel Financial's dividend payout ratio (DPR) is presently 35.18%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SF. Wall Street Zen lowered shares of Stifel Financial from a "hold" rating to a "sell" rating in a report on Saturday. Wolfe Research raised shares of Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 price target on the stock in a research note on Thursday, April 24th. Wells Fargo & Company decreased their price target on shares of Stifel Financial from $106.00 to $102.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Citigroup increased their price target on shares of Stifel Financial from $94.00 to $115.00 and gave the company a "neutral" rating in a research note on Monday. Finally, The Goldman Sachs Group decreased their price target on shares of Stifel Financial from $121.00 to $105.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $106.75.

Insiders Place Their Bets

In other Stifel Financial news, Director Michael J. Zimmerman sold 10,000 shares of the stock in a transaction 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 sale, the director directly owned 45,833 shares in the company, valued at approximately $4,431,592.77. This trade represents a 17.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 4.57% of the company's stock.

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.