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

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

A number of other large investors have also recently modified their holdings of the business. NBC Securities Inc. purchased a new stake in shares of Stifel Financial in the 1st quarter valued at $26,000. MassMutual Private Wealth & Trust FSB increased its stake in 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 purchasing an additional 183 shares during the period. Bessemer Group Inc. increased its stake in 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 purchasing an additional 110 shares during the period. Quarry LP purchased a new position in Stifel Financial in the 4th quarter worth approximately $49,000. Finally, Brown Brothers Harriman & Co. increased its stake in 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 purchasing an additional 253 shares during the period. Institutional investors own 82.01% of the company's stock.

Analyst Ratings Changes

SF has been the topic of a number of analyst reports. TD Cowen decreased their price target on Stifel Financial from $124.00 to $84.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. The Goldman Sachs Group decreased their price target on Stifel Financial from $121.00 to $105.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Wall Street Zen raised Stifel Financial from a "sell" rating to a "hold" rating in a research note on Sunday. Wolfe Research raised Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 target price on the stock in a research note on Thursday, April 24th. Finally, Wells Fargo & Company boosted their target price on Stifel Financial from $102.00 to $125.00 and gave the company an "overweight" rating in a research note on Friday. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $110.88.

Stifel Financial Stock Down 2.0%

Stifel Financial stock traded down $2.16 on Tuesday, hitting $108.13. 300,594 shares of the stock traded hands, compared to its average volume of 692,201. 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 firm has a market cap of $11.11 billion, a P/E ratio of 20.73 and a beta of 1.09. The business's fifty day simple moving average is $98.38 and its 200 day simple moving average is $99.47. Stifel Financial Corporation has a 1 year low of $73.27 and a 1 year high of $120.64.

Stifel Financial (NYSE:SF - Get Free Report) last released its 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 company posted $1.49 earnings per share. The company's revenue was up 7.9% on a year-over-year basis. As a group, sell-side analysts forecast that Stifel Financial Corporation will post 8.26 earnings per share for the current year.

Stifel Financial Announces Dividend

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

Insider Activity

In other news, Director Michael J. Zimmerman sold 10,000 shares of Stifel Financial stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $96.69, for a total transaction of $966,900.00. Following the transaction, the director directly 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. Insiders own 3.28% of the company's stock.

Stifel Financial Company 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.