Harbor Capital Advisors Inc. Buys 10,757 Shares of Stifel Financial Corp. (NYSE:SF)

Harbor Capital Advisors Inc. grew its stake in shares of Stifel Financial Corp. (NYSE:SF) by 26.1% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 51,957 shares of the financial services provider’s stock after purchasing an additional 10,757 shares during the period. Harbor Capital Advisors Inc. owned about 0.05% of Stifel Financial worth $4,897,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SF. Norges Bank bought a new stake in Stifel Financial during the 4th quarter worth approximately $137,448,000. FMR LLC increased its holdings in 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 purchasing an additional 672,420 shares in the last quarter. Wellington Management Group LLP increased its holdings in Stifel Financial by 32.2% during the 4th 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 in the last quarter. GAMMA Investing LLC increased its holdings in Stifel Financial by 47,124.2% during the 1st quarter. GAMMA Investing LLC now owns 425,018 shares of the financial services provider’s stock worth $40,062,000 after purchasing an additional 424,118 shares in the last quarter. Finally, Walleye Capital LLC increased its holdings in Stifel Financial by 477.9% during the 4th quarter. Walleye Capital LLC now owns 238,945 shares of the financial services provider’s stock worth $25,347,000 after purchasing an additional 197,598 shares in the last quarter. 82.01% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Stifel Financial news, Director Michael J. Zimmerman sold 10,000 shares of the firm’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $96.69, for a total transaction of $966,900.00. Following the sale, the director now owns 45,833 shares in the company, valued at $4,431,592.77. This trade represents a 17.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.28% of the stock is currently owned by company insiders.

Stifel Financial Stock Performance

NYSE:SF opened at $96.58 on Wednesday. The business’s fifty day moving average is $89.70 and its 200 day moving average is $100.88. 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 company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. Stifel Financial Corp. has a 52-week low of $73.27 and a 52-week high of $120.64.

Stifel Financial (NYSE:SF) last issued its quarterly earnings data 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). The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the company posted $1.49 EPS. Research analysts predict that Stifel Financial Corp. will post 8.26 EPS for the current year.

Stifel Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a $0.46 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.91%. Stifel Financial’s dividend payout ratio (DPR) is presently 35.18%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Wall Street Zen raised Stifel Financial from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. The Goldman Sachs Group reduced their target price on Stifel Financial from $121.00 to $105.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. Citigroup reduced their target price on Stifel Financial from $125.00 to $105.00 and set a “neutral” rating for the company in a report on Wednesday, April 2nd. TD Cowen reduced their target price on Stifel Financial from $124.00 to $84.00 and set a “hold” rating for the company in a report on Wednesday, April 9th. Finally, JMP Securities reduced their target price on Stifel Financial from $135.00 to $120.00 and set a “market outperform” rating for the company in a report on Tuesday, April 8th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average 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.