XTX Topco Ltd Buys 4,123 Shares of Stifel Financial Corporation (NYSE:SF)

Key Points

• XTX Topco Ltd increased its stake in Stifel Financial Corporation by 129.1%, owning 7,317 shares valued at approximately $690,000 as per their latest SEC filing.
• Various institutional investors have also modified their stakes in Stifel Financial, with NBC Securities and Alpine Bank Wealth Management purchasing new stakes worth $26,000 and $27,000, respectively.
• Stifel Financial reported $1.71 EPS for the quarter, surpassing analyst expectations, and declared a quarterly dividend of $0.46 with a yield of 1.6%.

XTX Topco Ltd boosted its position in shares of Stifel Financial Corporation (NYSE:SF - Free Report) by 129.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,317 shares of the financial services provider's stock after acquiring an additional 4,123 shares during the period. XTX Topco Ltd's holdings in Stifel Financial were worth $690,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. LPL Financial LLC grew its position in Stifel Financial by 26.0% during the fourth quarter. LPL Financial LLC now owns 57,942 shares of the financial services provider's stock valued at $6,400,000 after buying an additional 11,960 shares during the period. JPMorgan Chase & Co. grew its position in shares of Stifel Financial by 45.3% in the fourth quarter. JPMorgan Chase & Co. now owns 299,261 shares of the financial services provider's stock valued at $31,746,000 after purchasing an additional 93,341 shares during the period. Franklin Resources Inc. lifted its stake in shares of Stifel Financial by 24.3% in the fourth quarter. Franklin Resources Inc. now owns 54,846 shares of the financial services provider's stock worth $5,818,000 after buying an additional 10,733 shares in the last quarter. Trexquant Investment LP purchased a new position in Stifel Financial during the fourth quarter worth about $1,048,000. Finally, Huntington National Bank raised its stake in Stifel Financial by 27.6% during the fourth quarter. Huntington National Bank now owns 805 shares of the financial services provider's stock worth $85,000 after purchasing an additional 174 shares during the period. Hedge funds and other institutional investors own 82.01% of the company's stock.

Insider Transactions at Stifel Financial

In other news, Director Michael J. Zimmerman sold 10,000 shares of the company'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 completion of the transaction, the director directly 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.28% of the stock is owned by insiders.

Stifel Financial Trading Up 1.4%

NYSE SF traded up $1.55 on Friday, hitting $111.85. 137,880 shares of the company were exchanged, compared to its average volume of 800,453. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.81 and a quick ratio of 0.77. Stifel Financial Corporation has a twelve month low of $73.27 and a twelve month high of $120.64. The company's 50 day moving average price is $104.53 and its 200-day moving average price is $99.95. The firm has a market capitalization of $11.49 billion, a P/E ratio of 21.68 and a beta of 1.11.

Stifel Financial (NYSE:SF - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $1.71 EPS for the quarter, beating 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%. The firm's quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.60 EPS. Analysts predict that Stifel Financial Corporation will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of Stifel Financial from $123.00 to $100.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Wells Fargo & Company boosted their price objective on shares of Stifel Financial from $102.00 to $125.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Wolfe Research upgraded shares of 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. Wall Street Zen upgraded shares of Stifel Financial from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd. Finally, Citigroup upgraded shares of Stifel Financial from a "neutral" rating to a "buy" rating and increased their price target for the company from $115.00 to $135.00 in a report on Thursday, July 31st. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Stifel Financial has a consensus rating of "Hold" and an average price target of $115.78.

Stifel Financial Company 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.