Hsbc Holdings PLC grew its holdings in Stifel Financial Corp. (NYSE:SF - Free Report) by 164.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,300 shares of the financial services provider's stock after purchasing an additional 20,105 shares during the period. Hsbc Holdings PLC's holdings in Stifel Financial were worth $3,428,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC boosted its stake in shares of Stifel Financial by 8.5% during the 4th quarter. FMR LLC now owns 8,628,832 shares of the financial services provider's stock worth $915,346,000 after acquiring an additional 672,420 shares in the last quarter. Wellington Management Group LLP boosted its position in Stifel Financial by 32.2% during the fourth quarter. Wellington Management Group LLP now owns 2,588,964 shares of the financial services provider's stock worth $274,637,000 after purchasing an additional 630,255 shares during the period. Fisher Asset Management LLC grew its holdings in Stifel Financial by 5.2% during the fourth quarter. Fisher Asset Management LLC now owns 1,540,584 shares of the financial services provider's stock valued at $163,425,000 after purchasing an additional 76,163 shares during the last quarter. Norges Bank bought a new position in shares of Stifel Financial in the fourth quarter valued at approximately $137,448,000. Finally, Invesco Ltd. lifted its stake in shares of Stifel Financial by 18.2% in the fourth quarter. Invesco Ltd. now owns 1,207,465 shares of the financial services provider's stock worth $128,088,000 after buying an additional 186,352 shares during the last quarter. Institutional investors and hedge funds own 82.01% of the company's stock.
Stifel Financial Stock Performance
Shares of Stifel Financial stock opened at $86.15 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78. The firm has a market cap of $8.94 billion, a price-to-earnings ratio of 13.81 and a beta of 1.00. Stifel Financial Corp. has a one year low of $73.27 and a one year high of $120.64. The stock's 50-day moving average is $92.28 and its 200-day moving average is $103.77.
Stifel Financial (NYSE:SF - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($1.15). The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.32 billion. Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. The firm's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.49 earnings per share. Equities analysts predict that Stifel Financial Corp. will post 8.26 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on SF shares. UBS Group increased their price objective on Stifel Financial from $116.00 to $120.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. TD Cowen reduced their price target on shares of Stifel Financial from $124.00 to $84.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Citigroup dropped their price objective on shares of Stifel Financial from $125.00 to $105.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Wells Fargo & Company reduced their target price on shares of Stifel Financial from $106.00 to $102.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Finally, StockNews.com upgraded Stifel Financial from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $105.50.
Read Our Latest Stock Report on SF
Stifel Financial Profile
(
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.
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