MQS Management LLC Purchases New Position in Stifel Financial Corporation (NYSE:SF)

MQS Management LLC acquired a new stake in shares of Stifel Financial Corporation (NYSE:SF - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,976 shares of the financial services provider's stock, valued at approximately $563,000.

Several other large investors also recently added to or reduced their stakes in the business. Hancock Whitney Corp boosted its stake in Stifel Financial by 1.3% during the fourth 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 period. Bessemer Group Inc. boosted 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 valued at $34,000 after buying an additional 110 shares during the period. Stratos Wealth Partners LTD. boosted its stake in Stifel Financial by 3.0% during the first quarter. Stratos Wealth Partners LTD. now owns 4,328 shares of the financial services provider's stock valued at $408,000 after buying an additional 127 shares during the period. MML Investors Services LLC boosted its stake in 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 buying an additional 136 shares during the period. Finally, Allworth Financial LP boosted its stake in Stifel Financial by 67.7% during 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 during the period. Institutional investors own 82.01% of the company's stock.

Insider Buying and Selling at Stifel Financial

In other news, Director Michael J. Zimmerman sold 10,000 shares of the business's stock in a transaction dated 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 owned 45,833 shares of the company's stock, valued at approximately $4,431,592.77. The trade was a 17.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.28% of the company's stock.

Stifel Financial Price Performance

SF stock traded down $1.27 during mid-day trading on Friday, hitting $108.33. 747,529 shares of the stock were exchanged, compared to its average volume of 694,090. Stifel Financial Corporation has a 12 month low of $73.27 and a 12 month high of $120.64. 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 business has a fifty day moving average price of $98.38 and a 200 day moving average price of $99.53. The stock has a market capitalization of $11.13 billion, a price-to-earnings ratio of 20.71 and a beta of 1.09.

Stifel Financial (NYSE:SF - Get Free Report) last released its earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates of $1.64 by ($1.15). Stifel Financial had a net margin of 12.26% and a return on equity of 13.88%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the firm posted $1.49 EPS. The company's revenue was up 7.9% on a year-over-year basis. On average, sell-side analysts anticipate that Stifel Financial Corporation will post 8.26 EPS for the current 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 paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend was Monday, June 2nd. Stifel Financial's dividend payout ratio (DPR) is presently 35.18%.

Analysts Set New Price Targets

Several research firms recently issued reports on SF. Wall Street Zen raised Stifel Financial from a "sell" rating to a "hold" rating in a research note on Sunday. The Goldman Sachs Group dropped their price target on Stifel Financial from $121.00 to $105.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. JPMorgan Chase & Co. dropped their price target on Stifel Financial from $123.00 to $100.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. JMP Securities dropped their price target on Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. Finally, Wolfe Research raised Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 price target for the company in a research note on Thursday, April 24th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $109.63.

About Stifel Financial

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.