New Age Alpha Advisors LLC Has $2.54 Million Position in Stifel Financial Corporation (NYSE:SF)

Key Points

• New Age Alpha Advisors LLC has reduced its holdings in Stifel Financial Corporation by 53.8%, selling 31,292 shares in the 1st quarter.
• Stifel Financial's quarterly earnings showed an EPS of $1.71, surpassing analyst expectations of $1.65, with revenues increasing by 5.4% year-over-year.
• The company declared a quarterly dividend of $0.46 per share, reflecting an annualized dividend yield of 1.6% and a payout ratio of 35.66%.

New Age Alpha Advisors LLC lessened its holdings in shares of Stifel Financial Corporation (NYSE:SF - Free Report) by 53.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,906 shares of the financial services provider's stock after selling 31,292 shares during the quarter. New Age Alpha Advisors LLC's holdings in Stifel Financial were worth $2,536,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in SF. Invesco Ltd. grew its stake in Stifel Financial by 18.2% in the fourth quarter. Invesco Ltd. now owns 1,207,465 shares of the financial services provider's stock valued at $128,088,000 after purchasing an additional 186,352 shares in the last quarter. Northern Trust Corp increased its position in Stifel Financial by 14.8% in the fourth quarter. Northern Trust Corp now owns 1,128,978 shares of the financial services provider's stock worth $119,762,000 after buying an additional 145,902 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Stifel Financial by 2.9% in the fourth quarter. Bank of America Corp DE now owns 1,030,348 shares of the financial services provider's stock worth $109,299,000 after acquiring an additional 29,344 shares during the period. GAMMA Investing LLC lifted its stake in Stifel Financial by 47,124.2% during the first quarter. GAMMA Investing LLC now owns 425,018 shares of the financial services provider's stock worth $40,062,000 after purchasing an additional 424,118 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc grew its holdings in shares of Stifel Financial by 54.7% during the 1st quarter. AEGON ASSET MANAGEMENT UK Plc now owns 416,693 shares of the financial services provider's stock worth $39,244,000 after acquiring an additional 147,263 shares during the period. Institutional investors own 82.01% of the company's stock.

Insider Buying and Selling

In related news, Director Michael J. Zimmerman sold 10,000 shares of the stock in a transaction 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 transaction, the director directly owned 45,833 shares of the company's stock, valued at approximately $4,431,592.77. This represents a 17.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.57% of the company's stock.

Stifel Financial Stock Performance

SF traded up $0.08 on Monday, hitting $111.72. 61,084 shares of the company traded hands, compared to its average volume of 796,843. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 0.28. The company has a 50 day moving average of $104.88 and a 200-day moving average of $99.70. Stifel Financial Corporation has a 12-month low of $73.27 and a 12-month high of $120.64. The stock has a market capitalization of $11.41 billion, a PE ratio of 21.65 and a beta of 1.11.

Stifel Financial (NYSE:SF - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.06. Stifel Financial had a net margin of 11.90% and a return on equity of 13.93%. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the previous year, the business earned $1.60 EPS. Stifel Financial's quarterly revenue was up 5.4% compared to the same quarter last year. Sell-side analysts anticipate that Stifel Financial Corporation will post 8.26 earnings per share for the current year.

Stifel Financial Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have recently commented on SF shares. Wolfe Research raised shares of Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 target price for the company in a research note on Thursday, April 24th. Citigroup upgraded shares of Stifel Financial from a "neutral" rating to a "buy" rating and raised their price objective for the company from $115.00 to $135.00 in a research note on Thursday, July 31st. Wells Fargo & Company boosted their target price on shares of Stifel Financial from $102.00 to $125.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Wall Street Zen raised shares of Stifel Financial from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd. Finally, JMP Securities increased their target price on shares of Stifel Financial from $120.00 to $130.00 and gave the company a "market outperform" rating in a research report on Monday, July 14th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Stifel Financial currently has an average rating of "Hold" and an average price target of $115.78.

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.