Cambridge Investment Research Advisors Inc. Makes New $361,000 Investment in Stifel Financial Corporation (NYSE:SF)

Cambridge Investment Research Advisors Inc. acquired a new position in shares of Stifel Financial Corporation (NYSE:SF - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,826 shares of the financial services provider's stock, valued at approximately $361,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. NBC Securities Inc. acquired a new stake in shares of Stifel Financial in the 1st quarter worth $26,000. 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 worth $31,000 after acquiring an additional 183 shares during the period. Bessemer Group Inc. lifted its stake in shares of Stifel Financial by 52.1% in the 4th quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider's stock worth $34,000 after acquiring an additional 110 shares during the period. Quarry LP acquired a new stake in shares of Stifel Financial in the 4th quarter worth $49,000. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of Stifel Financial by 84.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 553 shares of the financial services provider's stock worth $59,000 after acquiring an additional 253 shares during the period. 82.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Stifel Financial

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

Analysts Set New Price Targets

SF has been the subject of several recent analyst reports. JMP Securities reduced their target price on shares of Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. The Goldman Sachs Group reduced their target price 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. 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 boosted their price objective on shares of Stifel Financial from $102.00 to $125.00 and gave the stock an "overweight" rating in a report on Friday. Finally, Citigroup upped their target price on shares of Stifel Financial from $94.00 to $115.00 and gave the stock a "neutral" rating in a research report on Monday, July 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $109.63.

Stifel Financial Stock Performance

Shares of SF opened at $108.33 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28. The stock has a market cap of $11.13 billion, a P/E ratio of 20.71 and a beta of 1.09. The company has a 50-day moving average of $98.38 and a two-hundred day moving average of $99.58. Stifel Financial Corporation has a 12-month low of $73.27 and a 12-month high of $120.64.

Stifel Financial (NYSE:SF - Get Free Report) last announced its earnings results 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). The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.32 billion. Stifel Financial had a return on equity of 13.88% and a net margin of 12.26%. The business's revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.49 EPS. As a group, research analysts predict that Stifel Financial Corporation will post 8.26 EPS for the current fiscal year.

Stifel Financial Announces Dividend

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

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.

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