Stifel Financial Corporation (NYSE:SF) Shares Acquired by Foundations Investment Advisors LLC

Key Points

• Foundations Investment Advisors LLC significantly increased its holdings in Stifel Financial Corporation by 194.3%, owning 6,565 shares valued at approximately $619,000 as of the latest SEC filing.
• Several hedge funds recently modified their stakes in Stifel Financial, indicating strong institutional interest in the company, which now has 82.01% of its stock owned by institutional investors.
• Stifel Financial reported $1.71 earnings per share (EPS) for its last quarter, exceeding expectations, and declared a quarterly dividend of $0.46, reflecting a dividend yield of 1.6%.

Foundations Investment Advisors LLC lifted its holdings in Stifel Financial Corporation (NYSE:SF - Free Report) by 194.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,565 shares of the financial services provider's stock after buying an additional 4,334 shares during the quarter. Foundations Investment Advisors LLC's holdings in Stifel Financial were worth $619,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Stifel Financial during the first quarter worth approximately $361,000. Sumitomo Mitsui Trust Group Inc. bought a new position in Stifel Financial in the first quarter worth approximately $1,648,000. GAMMA Investing LLC increased its holdings in Stifel Financial by 401.0% during the 1st quarter. GAMMA Investing LLC now owns 4,509 shares of the financial services provider's stock worth $425,000 after purchasing an additional 3,609 shares during the period. Stratos Wealth Partners LTD. raised its position in Stifel Financial by 3.0% during the 1st quarter. Stratos Wealth Partners LTD. now owns 4,328 shares of the financial services provider's stock valued at $408,000 after purchasing an additional 127 shares in the last quarter. Finally, Whitener Capital Management Inc. bought a new stake in Stifel Financial during the 1st quarter valued at $436,000. 82.01% of the stock is owned by institutional investors.

Stifel Financial Stock Down 2.7%

Shares of SF stock traded down $3.08 during mid-day trading on Friday, hitting $111.04. 887,559 shares of the stock traded hands, compared to its average volume of 753,281. Stifel Financial Corporation has a 52-week low of $73.27 and a 52-week high of $120.64. The stock has a market cap of $11.41 billion, a P/E ratio of 21.52 and a beta of 1.11. 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 stock's fifty day moving average is $103.15 and its two-hundred day moving average is $99.97.

Stifel Financial (NYSE:SF - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $1.71 EPS for the quarter, topping the consensus estimate of $1.65 by $0.06. The firm had revenue of $1.28 billion during 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%. Stifel Financial's revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.60 EPS. Equities analysts predict that Stifel Financial Corporation will post 8.26 EPS for the current year.

Stifel Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a $0.46 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.7%. Stifel Financial's dividend payout ratio (DPR) is presently 35.18%.

Analyst Ratings Changes

A number of research firms have recently issued reports on SF. JMP Securities increased their price target on Stifel Financial from $120.00 to $130.00 and gave the stock a "market outperform" rating in a research report on Monday, July 14th. TD Cowen dropped their target price on shares of Stifel Financial from $124.00 to $84.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. The Goldman Sachs Group cut their target price on shares of Stifel Financial from $121.00 to $105.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Stifel Nicolaus set a $135.00 price target on shares of Stifel Financial in a research report on Thursday. Finally, 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 research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $115.78.

Insider Buying and Selling at Stifel Financial

In related news, Director Michael J. Zimmerman sold 10,000 shares of the company's stock in a transaction dated 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 directly owned 45,833 shares of the company's stock, valued at $4,431,592.77. This represents a 17.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 3.28% of the stock is owned by insiders.

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.