Stifel Financial Corp. (NYSE:SF) Stock Position Raised by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its stake in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 164.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 32,300 shares of the financial services provider's stock after buying an additional 20,105 shares during the quarter. Hsbc Holdings PLC's holdings in Stifel Financial were worth $3,428,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SF. Barclays PLC grew its stake in Stifel Financial by 62.2% during the 3rd quarter. Barclays PLC now owns 107,397 shares of the financial services provider's stock worth $10,086,000 after buying an additional 41,171 shares during the last quarter. Tidal Investments LLC increased its holdings in shares of Stifel Financial by 13.7% in the 3rd quarter. Tidal Investments LLC now owns 3,877 shares of the financial services provider's stock valued at $364,000 after acquiring an additional 467 shares during the period. Franklin Resources Inc. raised its position in Stifel Financial by 9.7% in the 3rd quarter. Franklin Resources Inc. now owns 44,113 shares of the financial services provider's stock valued at $4,336,000 after purchasing an additional 3,887 shares during the last quarter. Versant Capital Management Inc boosted its stake in Stifel Financial by 46.5% during the 4th quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider's stock worth $48,000 after purchasing an additional 145 shares during the period. Finally, GAMMA Investing LLC grew its position in Stifel Financial by 78.9% during the 4th quarter. GAMMA Investing LLC now owns 900 shares of the financial services provider's stock worth $95,000 after purchasing an additional 397 shares during the last quarter. Institutional investors and hedge funds own 82.01% of the company's stock.

Stifel Financial Price Performance

SF traded up $0.53 during trading on Monday, reaching $89.94. 76,604 shares of the stock were exchanged, compared to its average volume of 877,859. Stifel Financial Corp. has a 1 year low of $73.27 and a 1 year high of $120.64. The company has a market capitalization of $9.27 billion, a price-to-earnings ratio of 14.41 and a beta of 1.00. The business's 50 day moving average price is $91.25 and its two-hundred day moving average price is $103.52. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78.

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 analysts' consensus estimates of $1.64 by ($1.15). Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the business posted $1.49 earnings per share. The firm's quarterly revenue was up 7.9% on a year-over-year basis. As a group, equities research analysts anticipate that Stifel Financial Corp. will post 8.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

SF has been the subject of several recent research reports. Wells Fargo & Company decreased 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. StockNews.com raised Stifel Financial from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. JPMorgan Chase & Co. decreased their price target on Stifel Financial from $123.00 to $100.00 and set a "neutral" rating for the company in a report on Friday, April 11th. The Goldman Sachs Group reduced their target price on shares of Stifel Financial from $121.00 to $105.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Finally, TD Cowen reduced their price objective on shares of Stifel Financial from $124.00 to $84.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $105.50.

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.