Y Intercept Hong Kong Ltd Has $1.89 Million Stock Holdings in Stifel Financial Corporation (NYSE:SF)

Y Intercept Hong Kong Ltd raised its holdings in shares of Stifel Financial Corporation (NYSE:SF - Free Report) by 85.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,009 shares of the financial services provider's stock after buying an additional 9,245 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Stifel Financial were worth $1,886,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Proficio Capital Partners LLC bought a new stake in shares of Stifel Financial during the fourth quarter worth $162,000. HighTower Advisors LLC lifted its stake in shares of Stifel Financial by 10.6% during the fourth quarter. HighTower Advisors LLC now owns 8,777 shares of the financial services provider's stock valued at $931,000 after acquiring an additional 843 shares during the period. Corient Private Wealth LLC lifted its stake in shares of Stifel Financial by 11.8% during the fourth quarter. Corient Private Wealth LLC now owns 7,447 shares of the financial services provider's stock valued at $789,000 after acquiring an additional 788 shares during the period. Virtu Financial LLC acquired a new position in shares of Stifel Financial during the fourth quarter valued at $250,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Stifel Financial during the fourth quarter valued at $2,588,000. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on SF shares. JMP Securities increased their target price on Stifel Financial from $120.00 to $130.00 and gave the company a "market outperform" rating in a research note on Monday, July 14th. JPMorgan Chase & Co. cut their target price on Stifel Financial from $123.00 to $100.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. TD Cowen dropped their price target on Stifel Financial from $124.00 to $84.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Wall Street Zen raised Stifel Financial from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. Finally, Citigroup increased their price objective on Stifel Financial from $94.00 to $115.00 and gave the stock a "neutral" rating in a report on Monday, July 7th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $110.88.

Stifel Financial Stock Up 1.5%

SF stock traded up $1.64 during mid-day trading on Friday, reaching $112.66. The company had a trading volume of 314,276 shares, compared to its average volume of 793,557. 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 has a 50 day simple moving average of $101.21 and a two-hundred day simple moving average of $99.74. The company has a market capitalization of $11.57 billion, a price-to-earnings ratio of 21.54 and a beta of 1.09. Stifel Financial Corporation has a 52 week low of $73.27 and a 52 week high of $120.64.

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 for the quarter, missing analysts' consensus estimates of $1.64 by ($1.15). Stifel Financial had a net margin of 12.26% and a return on equity of 13.88%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the business earned $1.49 earnings per share. The firm's revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, equities analysts predict that Stifel Financial Corporation will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.84 annualized dividend and a yield of 1.63%. Stifel Financial's payout ratio is currently 35.18%.

Insiders Place Their Bets

In related news, Director Michael J. Zimmerman sold 10,000 shares of Stifel Financial 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 sale, the director directly owned 45,833 shares of the company's stock, valued at approximately $4,431,592.77. This trade represents a 17.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 3.28% 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.