GSA Capital Partners LLP Raises Holdings in Stifel Financial Corporation (NYSE:SF)

Key Points

• GSA Capital Partners LLP increased its stake in Stifel Financial Corporation by 89.8%, owning 12,084 shares valued at approximately $1.14 million.
• Several institutional investors also enhanced their positions in Stifel Financial, with GAMMA Investing LLC increasing its stake by an astounding 47,124.2% during the 1st quarter.
• Stifel Financial's recent earnings report revealed an earnings per share (EPS) of $1.71, surpassing estimates, and a quarterly revenue increase of 5.4% compared to the previous year.

GSA Capital Partners LLP boosted its position in Stifel Financial Corporation (NYSE:SF - Free Report) by 89.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,084 shares of the financial services provider's stock after purchasing an additional 5,718 shares during the period. GSA Capital Partners LLP's holdings in Stifel Financial were worth $1,139,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of SF. FMR LLC lifted its position in shares of Stifel Financial by 8.5% during the 4th quarter. FMR LLC now owns 8,628,832 shares of the financial services provider's stock valued at $915,346,000 after buying an additional 672,420 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Stifel Financial by 32.2% during the 4th quarter. Wellington Management Group LLP now owns 2,588,964 shares of the financial services provider's stock valued at $274,637,000 after buying an additional 630,255 shares in the last quarter. Invesco Ltd. lifted its position in shares of Stifel Financial by 18.2% during the 4th quarter. Invesco Ltd. now owns 1,207,465 shares of the financial services provider's stock valued at $128,088,000 after buying an additional 186,352 shares in the last quarter. Northern Trust Corp lifted its position in shares of Stifel Financial by 14.8% during the 4th quarter. Northern Trust Corp now owns 1,128,978 shares of the financial services provider's stock valued at $119,762,000 after buying an additional 145,902 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Stifel Financial by 2.9% during the 4th quarter. Bank of America Corp DE now owns 1,030,348 shares of the financial services provider's stock valued at $109,299,000 after buying an additional 29,344 shares in the last quarter. 82.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Stifel Financial

In related news, Director Michael J. Zimmerman sold 10,000 shares of the business's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $96.69, for a total transaction of $966,900.00. Following the completion of the transaction, the director owned 45,833 shares in the company, valued at $4,431,592.77. The trade was a 17.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.28% of the company's stock.

Stifel Financial Price Performance

NYSE:SF traded down $3.08 during trading hours on Friday, reaching $111.04. The stock had a trading volume of 887,559 shares, compared to its average volume of 805,984. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.81. Stifel Financial Corporation has a 52 week low of $73.27 and a 52 week high of $120.64. The company has a 50 day moving average price of $102.80 and a two-hundred day moving average price of $99.94. The stock has a market capitalization of $11.41 billion, a PE ratio of 21.52 and a beta of 1.09.

Stifel Financial (NYSE:SF - Get Free Report) last announced its earnings results on Wednesday, July 30th. The financial services provider reported $1.71 EPS for the quarter, topping analysts' consensus estimates of $1.65 by $0.06. The firm had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.25 billion. Stifel Financial had a return on equity of 13.93% and a net margin of 11.90%. The company's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.60 EPS. As a group, sell-side analysts anticipate that Stifel Financial Corporation will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a $0.46 dividend. The ex-dividend date was Monday, June 2nd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.7%. Stifel Financial's payout ratio is 35.18%.

Analyst Ratings Changes

Several analysts recently issued reports on SF shares. 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. Citigroup raised Stifel Financial from a "neutral" rating to a "buy" rating and lifted their target price for the company from $115.00 to $135.00 in a research note on Thursday. Stifel Nicolaus set a $135.00 target price on Stifel Financial in a research note on Thursday. JPMorgan Chase & Co. decreased their target price on Stifel Financial from $123.00 to $100.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Finally, The Goldman Sachs Group decreased their target price 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $115.78.

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.