Hsbc Holdings PLC Invests $7.80 Million in Stifel Financial Corporation $SF

Key Points

• HSBC Holdings purchased 111,311 shares of Stifel Financial valued at approximately $7.8 million, giving it a 0.07% stake; institutional investors collectively own 82.01% of the company.
• Stifel Financial reported quarterly EPS of $1.42, beating estimates of $1.33, while revenue reached $1.45 billion, up 13% year over year. Analysts have a “Moderate Buy” consensus rating and an average price target of $91.90.
• The company announced a quarterly dividend of $0.34 per share, equivalent to $1.36 annually and a 1.7% yield; shares recently opened at $81.31, within a 52-week range of $67.81 to $89.83.

Hsbc Holdings PLC purchased a new stake in shares of Stifel Financial Corporation (NYSE:SF - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 111,311 shares of the financial services provider's stock, valued at approximately $7,796,000. Hsbc Holdings PLC owned approximately 0.07% of Stifel Financial at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Advisory Services Network LLC bought a new stake in Stifel Financial during the 3rd quarter valued at $29,000. Activest Wealth Management boosted its holdings in shares of Stifel Financial by 12,000.0% in the fourth quarter. Activest Wealth Management now owns 242 shares of the financial services provider's stock worth $30,000 after acquiring an additional 240 shares during the period. Danske Bank A S purchased a new position in shares of Stifel Financial in the second quarter valued at $31,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Stifel Financial in the fourth quarter valued at $34,000. Finally, Keating Financial Advisory Services Inc. bought a new stake in shares of Stifel Financial during the 2nd quarter valued at $35,000. 82.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on SF. JPMorgan Chase & Co. increased their price objective on Stifel Financial from $80.00 to $86.00 and gave the stock a "neutral" rating in a report on Thursday, July 23rd. Wall Street Zen cut Stifel Financial from a "buy" rating to a "hold" rating in a research report on Sunday, August 9th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Stifel Financial in a research report on Wednesday. UBS Group set a $90.00 price target on shares of Stifel Financial in a report on Thursday, July 23rd. Finally, Zacks Research upgraded shares of Stifel Financial from a "strong sell" rating to a "hold" rating in a research report on Wednesday, May 20th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $91.90.

Stifel Financial Stock Up 0.6%

SF opened at $81.31 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt-to-equity ratio of 0.33. The stock has a market cap of $12.28 billion, a PE ratio of 14.55 and a beta of 0.99. The business's fifty day simple moving average is $78.90 and its 200 day simple moving average is $76.33. Stifel Financial Corporation has a 52 week low of $67.81 and a 52 week high of $89.83.

Stifel Financial (NYSE:SF - Get Free Report) last released its earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share for the quarter, topping analysts' consensus estimates of $1.33 by $0.09. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. Stifel Financial had a return on equity of 19.22% and a net margin of 16.11%.Stifel Financial's quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.71 EPS. As a group, research analysts expect that Stifel Financial Corporation will post 6.36 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Tuesday, September 1st. Stifel Financial's dividend payout ratio (DPR) is presently 24.33%.

Insider Buying and Selling

In other Stifel Financial news, Director Maryam S. Brown sold 4,700 shares of the business's stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $79.20, for a total value of $372,240.00. Following the completion of the sale, the director directly owned 5,729 shares of the company's stock, valued at $453,736.80. The trade was a 45.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.36% of the stock is currently owned by insiders.

About Stifel Financial

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm's main business activities are organized into two core segments: Private Client Group and Institutional Group.

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