SG Americas Securities LLC Grows Position in Stifel Financial Corporation (NYSE:SF)

SG Americas Securities LLC grew its stake in Stifel Financial Corporation (NYSE:SF - Free Report) by 136.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,605 shares of the financial services provider's stock after purchasing an additional 4,973 shares during the quarter. SG Americas Securities LLC's holdings in Stifel Financial were worth $811,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. FMR LLC increased its position in shares of Stifel Financial by 8.5% during the fourth quarter. FMR LLC now owns 8,628,832 shares of the financial services provider's stock valued at $915,346,000 after acquiring an additional 672,420 shares during the last quarter. Wellington Management Group LLP increased its position in Stifel Financial by 32.2% in the fourth quarter. Wellington Management Group LLP now owns 2,588,964 shares of the financial services provider's stock worth $274,637,000 after buying an additional 630,255 shares during the last quarter. Fisher Asset Management LLC increased its position in Stifel Financial by 5.2% in the fourth quarter. Fisher Asset Management LLC now owns 1,540,584 shares of the financial services provider's stock worth $163,425,000 after buying an additional 76,163 shares during the last quarter. Norges Bank purchased a new stake in Stifel Financial in the fourth quarter worth $137,448,000. Finally, Invesco Ltd. increased its position 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 worth $128,088,000 after buying an additional 186,352 shares during the last quarter. Institutional investors own 82.01% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. JPMorgan Chase & Co. decreased their target price on Stifel Financial from $123.00 to $100.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. TD Cowen reduced their price target on Stifel Financial from $124.00 to $84.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Wall Street Zen upgraded Stifel Financial from a "sell" rating to a "hold" rating in a research report on Saturday. Wolfe Research upgraded Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 price target for the company in a research report on Thursday, April 24th. Finally, JMP Securities reduced their price target on Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Stifel Financial presently has a consensus rating of "Hold" and a consensus price target of $105.50.

Stifel Financial Trading Up 1.9%

SF traded up $1.84 on Monday, hitting $99.22. 667,998 shares of the company were exchanged, compared to its average volume of 680,469. The firm has a fifty day simple moving average of $92.57 and a two-hundred day simple moving average of $99.63. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.81. 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 $10.19 billion, a PE ratio of 18.97 and a beta of 1.07.

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

Stifel Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend was Monday, June 2nd. Stifel Financial's dividend payout ratio (DPR) is currently 35.18%.

Insiders Place Their Bets

In other Stifel Financial news, Director Michael J. Zimmerman sold 10,000 shares of the 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 now owns 45,833 shares in the company, valued at approximately $4,431,592.77. This trade represents a 17.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 4.57% 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.