XTX Topco Ltd Grows Stock Holdings in 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 increased its stake in shares of Stifel Financial Corporation (NYSE:SF - Free Report) by 129.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,317 shares of the financial services provider's stock after buying 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 and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in SF. NBC Securities Inc. purchased a new stake in Stifel Financial during the first quarter worth about $26,000. Alpine Bank Wealth Management acquired a new position in Stifel Financial during the first quarter worth about $27,000. Allworth Financial LP raised its position in Stifel Financial by 67.7% during the first quarter. Allworth Financial LP now owns 337 shares of the financial services provider's stock worth $29,000 after acquiring an additional 136 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Stifel Financial by 123.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the financial services provider's stock worth $31,000 after acquiring an additional 183 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in Stifel Financial by 52.1% during the fourth quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider's stock worth $34,000 after acquiring an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 82.01% of the company's stock.

Insider Transactions at Stifel Financial

In related news, Director Michael J. Zimmerman sold 10,000 shares of the business's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $96.69, for a total value of $966,900.00. Following the completion of the sale, the director directly owned 45,833 shares in the company, valued at approximately $4,431,592.77. The trade was a 17.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.57% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on SF. Wolfe Research upgraded shares of Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 target price for the company in a research report on Thursday, April 24th. Citigroup upgraded shares of 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 research report on Thursday, July 31st. JPMorgan Chase & Co. cut their target price on shares of Stifel Financial from $123.00 to $100.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Wells Fargo & Company lifted their target price 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. Finally, JMP Securities boosted their price objective on shares of Stifel Financial from $120.00 to $130.00 and gave the company a "market outperform" rating in a research report on Monday, July 14th. Five equities research 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, Stifel Financial currently has a consensus rating of "Hold" and an average target price of $115.78.

Stifel Financial Stock Performance

NYSE:SF opened at $112.35 on Tuesday. The firm has a 50 day simple moving average of $103.54 and a 200-day simple moving average of $99.80. 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 firm has a market cap of $11.54 billion, a PE ratio of 21.77 and a beta of 1.11. Stifel Financial Corporation 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, July 30th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.65 by $0.06. Stifel Financial had a net margin of 11.90% and a return on equity of 13.93%. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the previous year, the firm earned $1.60 earnings per share. Stifel Financial's revenue was up 5.4% compared to the same quarter last year. On average, equities analysts expect that Stifel Financial Corporation will post 8.26 EPS for the current year.

Stifel Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Monday, June 2nd. Stifel Financial's payout ratio is presently 35.66%.

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.

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