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

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

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Invesco Ltd. increased its holdings in Stifel Financial by 18.2% during the fourth quarter. Invesco Ltd. now owns 1,207,465 shares of the financial services provider's stock worth $128,088,000 after buying an additional 186,352 shares during the last quarter. Northern Trust Corp increased its stake in shares of Stifel Financial by 14.8% during the 4th quarter. Northern Trust Corp now owns 1,128,978 shares of the financial services provider's stock worth $119,762,000 after purchasing an additional 145,902 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Stifel Financial by 2.9% in the 4th quarter. Bank of America Corp DE now owns 1,030,348 shares of the financial services provider's stock valued at $109,299,000 after purchasing an additional 29,344 shares during the period. GAMMA Investing LLC lifted its stake in Stifel Financial by 47,124.2% in the 1st quarter. GAMMA Investing LLC now owns 425,018 shares of the financial services provider's stock valued at $40,062,000 after purchasing an additional 424,118 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc lifted its stake in Stifel Financial by 54.7% in the 1st quarter. AEGON ASSET MANAGEMENT UK Plc now owns 416,693 shares of the financial services provider's stock valued at $39,244,000 after purchasing an additional 147,263 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Stifel Financial Stock Performance

Shares of Stifel Financial stock traded up $1.46 during trading on Friday, reaching $111.76. The company's stock had a trading volume of 341,121 shares, compared to its average volume of 774,091. Stifel Financial Corporation has a 52 week low of $73.27 and a 52 week high of $120.64. The firm has a market cap of $11.42 billion, a PE ratio of 21.66 and a beta of 1.11. The business's 50-day moving average price is $104.88 and its 200-day moving average price is $99.91. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 0.28.

Stifel Financial (NYSE:SF - Get Free Report) last announced its earnings results on Wednesday, July 30th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.65 by $0.06. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. Stifel Financial had a net margin of 11.90% and a return on equity of 13.93%. The business's revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.60 EPS. Equities analysts forecast that Stifel Financial Corporation will post 8.26 earnings per share for the current year.

Stifel Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a $0.46 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.6%. Stifel Financial's dividend payout ratio (DPR) is presently 35.66%.

Wall Street Analysts Forecast Growth

SF has been the subject of several research analyst reports. Citigroup upgraded Stifel Financial from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $115.00 to $135.00 in a research note on Thursday, July 31st. Wall Street Zen raised shares of Stifel Financial from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd. Wolfe Research upgraded shares of Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 price objective on the stock in a report on Thursday, April 24th. JMP Securities increased their price objective 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. Finally, JPMorgan Chase & Co. reduced their target price on shares of Stifel Financial from $123.00 to $100.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Stifel Financial has a consensus rating of "Hold" and an average target price of $115.78.

Insider Activity at Stifel Financial

In related 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 transaction, the director owned 45,833 shares of the company's stock, valued at $4,431,592.77. The trade was a 17.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 3.28% of the company's stock.

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.