Pallas Capital Advisors LLC Makes New $623,000 Investment in Stifel Financial Corp. (NYSE:SF)

Pallas Capital Advisors LLC purchased a new position in Stifel Financial Corp. (NYSE:SF - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 6,606 shares of the financial services provider's stock, valued at approximately $623,000.

Several other hedge funds have also added to or reduced their stakes in SF. Van ECK Associates Corp raised its stake in Stifel Financial by 35.6% during the 4th quarter. Van ECK Associates Corp now owns 72,889 shares of the financial services provider's stock worth $7,732,000 after buying an additional 19,118 shares during the period. V Square Quantitative Management LLC acquired a new stake in Stifel Financial during the 4th quarter worth $26,000. Legacy Capital Wealth Partners LLC raised its stake in Stifel Financial by 5.1% during the 4th quarter. Legacy Capital Wealth Partners LLC now owns 3,936 shares of the financial services provider's stock worth $418,000 after buying an additional 190 shares during the period. Principal Securities Inc. raised its stake in Stifel Financial by 10.1% during the 4th quarter. Principal Securities Inc. now owns 1,642 shares of the financial services provider's stock worth $174,000 after buying an additional 150 shares during the period. Finally, Sanctuary Advisors LLC raised its stake in Stifel Financial by 0.9% during the 4th quarter. Sanctuary Advisors LLC now owns 49,578 shares of the financial services provider's stock worth $5,830,000 after buying an additional 465 shares during the period. Institutional investors and hedge funds own 82.01% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on SF. Citigroup dropped their price objective 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. Wall Street Zen raised Stifel Financial from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. The Goldman Sachs Group dropped their price target on Stifel Financial from $121.00 to $105.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. JMP Securities dropped their price target on Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company dropped their price target on Stifel Financial from $106.00 to $102.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $105.50.

Stifel Financial Stock Down 1.6%

Shares of NYSE:SF traded down $1.59 during midday trading on Friday, reaching $95.39. The company had a trading volume of 668,373 shares, compared to its average volume of 675,888. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. The business's 50 day moving average price is $90.81 and its 200 day moving average price is $100.56. The stock has a market cap of $9.80 billion, a PE ratio of 15.29 and a beta of 1.07. Stifel Financial Corp. has a 1-year low of $73.27 and a 1-year high of $120.64.

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 (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 analyst estimates of $1.32 billion. Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. Stifel Financial's revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.49 EPS. Research analysts forecast that Stifel Financial Corp. will post 8.26 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Monday, June 2nd. Stifel Financial's dividend payout ratio is currently 35.18%.

Insider Activity at Stifel Financial

In other Stifel Financial news, Director Michael J. Zimmerman sold 10,000 shares of the business'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 transaction of $966,900.00. Following the transaction, the director now owns 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.28% of the stock is owned by company 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.