Stifel Financial Corporation (NYSE:SF) Shares Purchased by Headlands Technologies LLC

Key Points

• Headlands Technologies LLC significantly boosted its holdings in Stifel Financial Corporation by 3,377.9% during Q1, bringing its total to 3,304 shares worth $311,000.
• Stifel Financial reported $1.71 earnings per share for the last quarter, exceeding expectations, with revenue up 5.4% year-over-year.
• The company declared a quarterly dividend of $0.46 per share, with an annualized yield of 1.6%, to be paid on September 16th.

Headlands Technologies LLC boosted its position in shares of Stifel Financial Corporation (NYSE:SF - Free Report) by 3,377.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,304 shares of the financial services provider's stock after buying an additional 3,209 shares during the quarter. Headlands Technologies LLC's holdings in Stifel Financial were worth $311,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. NBC Securities Inc. acquired a new stake in Stifel Financial in the 1st quarter valued at about $26,000. Alpine Bank Wealth Management bought a new position in shares of Stifel Financial during the first quarter worth approximately $27,000. Allworth Financial LP boosted its position in Stifel Financial by 67.7% in the first quarter. Allworth Financial LP now owns 337 shares of the financial services provider's stock valued at $29,000 after buying an additional 136 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in 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 during the last quarter. Finally, Bessemer Group Inc. raised its stake in 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 during the last quarter. Institutional investors own 82.01% of the company's stock.

Stifel Financial Price Performance

Shares of SF traded down $1.29 during mid-day trading on Thursday, reaching $114.95. The stock had a trading volume of 178,739 shares, compared to its average volume of 795,105. The firm has a market cap of $11.74 billion, a price-to-earnings ratio of 22.28 and a beta of 1.11. The business has a fifty day moving average of $106.10 and a 200 day moving average of $99.90. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.82. 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 released 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. Stifel Financial had a net margin of 11.90% and a return on equity of 13.93%. The company had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.25 billion. During the same period last year, the business earned $1.60 EPS. Stifel Financial's revenue for the quarter was up 5.4% on a year-over-year basis. Equities analysts predict that Stifel Financial Corporation will post 8.26 EPS for the current year.

Stifel Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $1.84 annualized dividend and a dividend yield of 1.6%. Stifel Financial's payout ratio is presently 35.66%.

Insider Buying and Selling at Stifel Financial

In other Stifel Financial news, Director Michael J. Zimmerman sold 10,000 shares of the company's stock in a transaction dated 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 owned 45,833 shares of the company's stock, valued at $4,431,592.77. This represents a 17.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 3.28% of the company's stock.

Wall Street Analyst Weigh In

SF has been the subject of several research analyst reports. Citigroup raised shares of Stifel Financial from a "neutral" rating to a "buy" rating and lifted their price target for the company from $115.00 to $135.00 in a research note on Thursday, July 31st. Stifel Nicolaus set a $135.00 price objective on shares of Stifel Financial in a research report on Thursday, July 31st. Wall Street Zen raised shares of Stifel Financial from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd. Wells Fargo & Company upped their price target on shares of Stifel Financial from $102.00 to $125.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Finally, Wolfe Research upgraded shares of 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. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Stifel Financial presently 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.