Walleye Capital LLC grew its position in shares of Stifel Financial Corporation (NYSE:SF - Free Report) by 14.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 274,366 shares of the financial services provider's stock after purchasing an additional 35,421 shares during the quarter. Walleye Capital LLC owned 0.27% of Stifel Financial worth $25,862,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of the company. Hancock Whitney Corp increased its position in shares of Stifel Financial by 1.3% during the 4th quarter. Hancock Whitney Corp now owns 7,541 shares of the financial services provider's stock valued at $800,000 after purchasing an additional 99 shares during the period. Journey Strategic Wealth LLC increased its position in shares of Stifel Financial by 4.2% during the 1st quarter. Journey Strategic Wealth LLC now owns 2,907 shares of the financial services provider's stock valued at $274,000 after purchasing an additional 117 shares during the period. Stratos Wealth Partners LTD. increased its position in shares of 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 during the period. MML Investors Services LLC increased its position in shares of Stifel Financial by 0.5% during the 4th quarter. MML Investors Services LLC now owns 28,657 shares of the financial services provider's stock valued at $3,040,000 after purchasing an additional 136 shares during the period. Finally, Allworth Financial LP increased its position in shares of Stifel Financial by 67.7% during the 1st quarter. Allworth Financial LP now owns 337 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 136 shares during the period. 82.01% of the stock is currently owned by institutional investors and hedge funds.
Stifel Financial Stock Performance
Shares of Stifel Financial stock opened at $114.2180 on Friday. The stock has a market cap of $11.67 billion, a PE ratio of 22.14 and a beta of 1.11. The business has a fifty day simple moving average of $108.47 and a 200-day simple moving average of $99.72. 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 Corporation has a 12 month low of $73.27 and a 12 month high of $120.64.
Stifel Financial (NYSE:SF - Get Free Report) last issued its earnings results 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 business had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.25 billion. Stifel Financial had a return on equity of 13.93% and a net margin of 11.90%.Stifel Financial's revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.60 earnings per share. On average, sell-side analysts anticipate that Stifel Financial Corporation will post 8.26 EPS for the current fiscal year.
Stifel Financial Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a $0.46 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $1.84 dividend on an annualized basis and a yield of 1.6%. Stifel Financial's payout ratio is 35.66%.
Insider Buying and Selling
In other Stifel Financial 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 transaction, the director owned 45,833 shares in the company, 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 document filed with the SEC, which is available through the SEC website. Insiders bought a total of 7 shares of company stock valued at $781 in the last quarter. Insiders own 3.28% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the company. JMP Securities lifted their target price on Stifel Financial from $120.00 to $130.00 and gave the stock a "market outperform" rating in a report on Monday, July 14th. 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 report on Thursday, July 31st. Wells Fargo & Company lifted their target price on Stifel Financial from $102.00 to $125.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Stifel Nicolaus set a $135.00 target price on Stifel Financial in a report on Thursday, July 31st. Finally, Wall Street Zen upgraded Stifel Financial from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $115.78.
Read Our Latest Research Report on SF
About Stifel Financial
(
Free Report)
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.
Further Reading
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