Stifel Financial Corporation (NYSE:SF) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its holdings in Stifel Financial Corporation (NYSE:SF - Free Report) by 401.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,509 shares of the financial services provider's stock after acquiring an additional 3,609 shares during the period. GAMMA Investing LLC's holdings in Stifel Financial were worth $425,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Harbor Capital Advisors Inc. increased its position in Stifel Financial by 26.1% during the first quarter. Harbor Capital Advisors Inc. now owns 51,957 shares of the financial services provider's stock worth $4,897,000 after purchasing an additional 10,757 shares during the last quarter. Pallas Capital Advisors LLC purchased a new stake in shares of Stifel Financial during the 1st quarter valued at approximately $623,000. Farther Finance Advisors LLC lifted its holdings in Stifel Financial by 251.1% in the first quarter. Farther Finance Advisors LLC now owns 1,169 shares of the financial services provider's stock valued at $111,000 after acquiring an additional 836 shares during the last quarter. Wedge Capital Management L L P NC grew its position in Stifel Financial by 28.0% in the first quarter. Wedge Capital Management L L P NC now owns 22,568 shares of the financial services provider's stock worth $2,127,000 after acquiring an additional 4,942 shares during the period. Finally, Park Avenue Securities LLC increased its stake in Stifel Financial by 0.9% during the first quarter. Park Avenue Securities LLC now owns 18,748 shares of the financial services provider's stock worth $1,767,000 after acquiring an additional 164 shares during the last quarter. 82.01% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related 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 transaction, the director directly owned 45,833 shares of the company's stock, valued at $4,431,592.77. This trade represents a 17.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.28% of the company's stock.

Stifel Financial Stock Up 1.7%

Stifel Financial stock traded up $1.85 during trading on Friday, reaching $109.20. The stock had a trading volume of 466,965 shares, compared to its average volume of 685,576. 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 Corporation has a 52-week low of $73.27 and a 52-week high of $120.64. The stock has a market cap of $11.22 billion, a PE ratio of 20.88 and a beta of 1.09. The business has a 50 day moving average price of $95.75 and a 200 day moving average price of $99.44.

Stifel Financial (NYSE:SF - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates of $1.64 by ($1.15). The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.32 billion. Stifel Financial had a net margin of 12.26% and a return on equity of 13.88%. The firm's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.49 earnings per share. On average, analysts predict that Stifel Financial Corporation will post 8.26 EPS for the current 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 annualized dividend and a yield of 1.68%. Stifel Financial's dividend payout ratio is currently 35.18%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on SF shares. JMP Securities lowered their price target on Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. Wall Street Zen raised shares of Stifel Financial from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. The Goldman Sachs Group cut their target price on Stifel Financial from $121.00 to $105.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Wells Fargo & Company decreased their price target on Stifel Financial from $106.00 to $102.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. cut their price objective on Stifel Financial from $123.00 to $100.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $105.50.

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.