Sivia Capital Partners LLC Takes Position in Stifel Financial Corp. (NYSE:SF)

Sivia Capital Partners LLC acquired a new stake in shares of Stifel Financial Corp. (NYSE:SF) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,497 shares of the financial services provider’s stock, valued at approximately $235,000.

Other hedge funds also recently bought and sold shares of the company. Hancock Whitney Corp lifted its position in shares of Stifel Financial by 1.3% in the 4th quarter. Hancock Whitney Corp now owns 7,541 shares of the financial services provider’s stock valued at $800,000 after acquiring an additional 99 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Stifel Financial by 52.1% in the fourth quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 110 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Stifel Financial by 26.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 528 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 111 shares in the last quarter. MML Investors Services LLC lifted its holdings in shares of Stifel Financial by 0.5% in the fourth quarter. MML Investors Services LLC now owns 28,657 shares of the financial services provider’s stock valued at $3,040,000 after purchasing an additional 136 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Stifel Financial by 7.2% in the fourth quarter. Quadrant Capital Group LLC now owns 2,060 shares of the financial services provider’s stock valued at $219,000 after purchasing an additional 138 shares in the last quarter. 82.01% of the stock is owned by hedge funds and other institutional investors.

Stifel Financial Stock Up 1.9%

Stifel Financial stock opened at $96.60 on Monday. Stifel Financial Corp. has a fifty-two week low of $73.27 and a fifty-two week high of $120.64. 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 $9.92 billion, a price-to-earnings ratio of 15.48 and a beta of 1.07. The firm has a fifty day moving average price of $89.48 and a two-hundred day moving average price of $101.05.

Stifel Financial (NYSE:SF) last posted its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the firm posted $1.49 EPS. Stifel Financial’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, analysts forecast that Stifel Financial Corp. will post 8.26 earnings per share for the current year.

Stifel Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.90%. The ex-dividend date is Monday, June 2nd. Stifel Financial’s payout ratio is currently 35.18%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their price objective on shares of Stifel Financial from $123.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Citigroup cut their price target 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. Wolfe Research upgraded shares of Stifel Financial from a “peer perform” rating to an “outperform” rating and set a $108.00 price target on the stock in a report on Thursday, April 24th. TD Cowen cut their price target on shares of Stifel Financial from $124.00 to $84.00 and set a “hold” rating on the stock in a report on Wednesday, April 9th. Finally, Wells Fargo & Company reduced their price target on Stifel Financial from $106.00 to $102.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $105.50.

Insider Activity at Stifel Financial

In other Stifel Financial news, Director Michael J. Zimmerman sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $96.69, for a total value of $966,900.00. Following the completion of the transaction, the director now owns 45,833 shares of the company’s stock, valued at $4,431,592.77. This represents a 17.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 3.28% of the company’s stock.

Stifel Financial Company 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.