Access Investment Management LLC Acquires Shares of 142,302 Stifel Financial Corp. (NYSE:SF)

Access Investment Management LLC bought a new position in Stifel Financial Corp. (NYSE:SF - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 142,302 shares of the financial services provider's stock, valued at approximately $9,840,000. Stifel Financial makes up approximately 3.7% of Access Investment Management LLC's investment portfolio, making the stock its 9th largest holding. Access Investment Management LLC owned about 0.14% of Stifel Financial as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. First Horizon Advisors Inc. boosted its stake in shares of Stifel Financial by 97.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 640 shares of the financial services provider's stock worth $39,000 after buying an additional 316 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of Stifel Financial by 39.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 730 shares of the financial services provider's stock worth $45,000 after buying an additional 206 shares during the last quarter. Montag A & Associates Inc. boosted its stake in shares of Stifel Financial by 336.2% in the 4th quarter. Montag A & Associates Inc. now owns 759 shares of the financial services provider's stock worth $52,000 after buying an additional 585 shares during the last quarter. Bruce G. Allen Investments LLC purchased a new position in shares of Stifel Financial in the 4th quarter worth $53,000. Finally, Signaturefd LLC boosted its stake in shares of Stifel Financial by 29.4% in the 4th quarter. Signaturefd LLC now owns 1,030 shares of the financial services provider's stock worth $71,000 after buying an additional 234 shares during the last quarter. Institutional investors own 82.01% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SF shares. Citigroup upped their price objective on Stifel Financial from $74.00 to $80.00 and gave the stock a "neutral" rating in a research note on Thursday, April 11th. UBS Group lifted their price objective on Stifel Financial from $74.00 to $78.00 and gave the company a "neutral" rating in a research report on Monday, January 29th. StockNews.com lowered shares of Stifel Financial from a "strong-buy" rating to a "buy" rating in a report on Thursday. JMP Securities reaffirmed a "market outperform" rating and set a $88.00 price target on shares of Stifel Financial in a report on Tuesday, April 9th. Finally, TD Cowen increased their price objective on shares of Stifel Financial from $86.50 to $92.00 and gave the stock an "outperform" rating in a research note on Friday, March 22nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $84.50.

Stifel Financial Price Performance

SF stock traded up $0.56 during trading on Friday, reaching $83.52. The company's stock had a trading volume of 598,360 shares, compared to its average volume of 653,158. Stifel Financial Corp. has a 1 year low of $54.81 and a 1 year high of $84.23. The company has a quick ratio of 0.79, a current ratio of 0.84 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $8.59 billion, a P/E ratio of 18.98 and a beta of 1.14. The company's fifty day moving average is $77.15 and its 200-day moving average is $71.04.

Stifel Financial (NYSE:SF - Get Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $1.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.62 by ($0.13). Stifel Financial had a return on equity of 12.40% and a net margin of 11.34%. The business had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter in the previous year, the company posted $1.40 EPS. The company's quarterly revenue was up 5.1% on a year-over-year basis. On average, research analysts expect that Stifel Financial Corp. will post 7.04 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Friday, May 31st. Stifel Financial's dividend payout ratio (DPR) is presently 38.18%.

Insider Buying and Selling at Stifel Financial

In other Stifel Financial news, SVP Thomas B. Michaud sold 25,421 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $74.26, for a total transaction of $1,887,763.46. Following the completion of the transaction, the senior vice president now owns 90,055 shares of the company's stock, valued at approximately $6,687,484.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Victor Nesi sold 36,000 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $75.37, for a total value of $2,713,320.00. Following the completion of the transaction, the insider now owns 54,732 shares of the company's stock, valued at approximately $4,125,150.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Thomas B. Michaud sold 25,421 shares of the business's stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $74.26, for a total value of $1,887,763.46. Following the sale, the senior vice president now directly owns 90,055 shares in the company, valued at $6,687,484.30. The disclosure for this sale can be found here. Insiders sold 74,421 shares of company stock valued at $5,639,783 in the last 90 days. Insiders own 3.52% of the company's stock.

Stifel Financial 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.