Janney Montgomery Scott LLC Has $990,000 Stock Holdings in Stifel Financial Corporation (NYSE:SF)

Janney Montgomery Scott LLC boosted its stake in Stifel Financial Corporation (NYSE:SF - Free Report) by 31.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,505 shares of the financial services provider's stock after purchasing an additional 2,505 shares during the period. Janney Montgomery Scott LLC's holdings in Stifel Financial were worth $990,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in SF. Hancock Whitney Corp raised its holdings in Stifel Financial by 1.3% in the 4th quarter. Hancock Whitney Corp now owns 7,541 shares of the financial services provider's stock valued at $800,000 after buying an additional 99 shares during the last quarter. Bessemer Group Inc. grew its holdings in Stifel Financial by 52.1% during the 4th quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider's stock worth $34,000 after acquiring an additional 110 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Stifel Financial by 26.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 528 shares of the financial services provider's stock valued at $56,000 after acquiring an additional 111 shares during the period. MML Investors Services LLC raised its stake in shares of Stifel Financial by 0.5% during the fourth quarter. MML Investors Services LLC now owns 28,657 shares of the financial services provider's stock valued at $3,040,000 after acquiring an additional 136 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in Stifel Financial by 7.2% in the fourth quarter. Quadrant Capital Group LLC now owns 2,060 shares of the financial services provider's stock valued at $219,000 after purchasing an additional 138 shares during the period. Institutional investors and hedge funds own 82.01% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. TD Cowen lowered their target price on shares of Stifel Financial from $124.00 to $84.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Citigroup dropped their price target on Stifel Financial from $125.00 to $105.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. JPMorgan Chase & Co. cut their target price on shares of Stifel Financial from $123.00 to $100.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. The Goldman Sachs Group cut their price objective on shares of Stifel Financial from $121.00 to $105.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Finally, JMP Securities decreased their target price on Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $105.50.

Stifel Financial Trading Up 0.7%

NYSE SF opened at $103.82 on Monday. Stifel Financial Corporation has a one year low of $73.27 and a one year high of $120.64. The business's fifty day moving average is $93.99 and its 200-day moving average is $99.39. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.81 and a quick ratio of 0.77. The stock has a market capitalization of $10.67 billion, a price-to-earnings ratio of 19.85 and a beta of 1.07.

Stifel Financial (NYSE:SF - Get Free Report) last posted its quarterly 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). The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.32 billion. Stifel Financial had a return on equity of 13.88% and a net margin of 12.26%. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the firm posted $1.49 EPS. Equities research analysts predict that Stifel Financial Corporation will post 8.26 EPS for the current year.

Stifel Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend was Monday, June 2nd. Stifel Financial's dividend payout ratio (DPR) is presently 35.18%.

Insider Transactions at Stifel Financial

In other news, Director Michael J. Zimmerman sold 10,000 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $96.69, for a total transaction of $966,900.00. Following the completion of the transaction, the director now directly owns 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 document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.57% 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.

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