Janney Montgomery Scott LLC Boosts Stake in Stifel Financial Corporation (NYSE:SF)

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

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. NBC Securities Inc. bought a new position in shares of Stifel Financial during the 1st quarter valued at approximately $26,000. MassMutual Private Wealth & Trust FSB lifted its holdings 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 valued at $31,000 after purchasing an additional 183 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Stifel Financial by 52.1% in the fourth quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider's stock worth $34,000 after purchasing an additional 110 shares during the period. Quarry LP purchased a new stake in shares of Stifel Financial in the fourth quarter worth $49,000. Finally, Smartleaf Asset Management LLC raised its position in shares of Stifel Financial by 26.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 528 shares of the financial services provider's stock valued at $56,000 after purchasing an additional 111 shares during the period. Hedge funds and other institutional investors own 82.01% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on SF shares. The Goldman Sachs Group dropped their target price on shares of Stifel Financial from $121.00 to $105.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Wolfe Research raised Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 price objective for the company in a research note on Thursday, April 24th. Citigroup cut their target price on Stifel Financial from $125.00 to $105.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. lowered their price target on Stifel Financial from $123.00 to $100.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Finally, Wall Street Zen raised shares of Stifel Financial from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Stifel Financial presently has an average rating of "Hold" and an average target price of $105.50.

Stifel Financial Price Performance

Shares of SF stock traded up $1.85 on Thursday, reaching $109.20. The company's stock had a trading volume of 466,965 shares, compared to its average volume of 683,799. The stock's fifty day simple moving average is $95.28 and its 200-day simple moving average is $99.44. Stifel Financial Corporation has a 1 year low of $73.27 and a 1 year high of $120.64. The company has a market capitalization of $11.22 billion, a price-to-earnings ratio of 20.88 and a beta of 1.09. The company has a current ratio of 0.81, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28.

Stifel Financial (NYSE:SF - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.49 EPS for the quarter, missing the consensus estimate of $1.64 by ($1.15). Stifel Financial had a net margin of 12.26% and a return on equity of 13.88%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the business earned $1.49 EPS. Stifel Financial's revenue for the quarter was up 7.9% compared to the same quarter last year. Analysts forecast that Stifel Financial Corporation will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given 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%.

Insiders Place Their Bets

In other news, Director Michael J. Zimmerman sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $96.69, for a total value of $966,900.00. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is available at this link. 3.28% of the stock is owned by insiders.

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.