Stifel Financial Corporation $SF Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC decreased its holdings in Stifel Financial Corporation (NYSE:SF) by 56.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,166 shares of the financial services provider’s stock after selling 24,628 shares during the quarter. Hsbc Holdings PLC’s holdings in Stifel Financial were worth $2,413,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Brown Brothers Harriman & Co. lifted its holdings in Stifel Financial by 15.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 811 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 106 shares during the period. Steward Partners Investment Advisory LLC increased its stake in Stifel Financial by 0.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 23,449 shares of the financial services provider’s stock valued at $2,936,000 after buying an additional 114 shares during the period. Principal Securities Inc. raised its position in shares of Stifel Financial by 6.9% during the 4th quarter. Principal Securities Inc. now owns 1,926 shares of the financial services provider’s stock worth $241,000 after buying an additional 124 shares in the last quarter. Clark Capital Management Group Inc. lifted its stake in shares of Stifel Financial by 3.8% in the 3rd quarter. Clark Capital Management Group Inc. now owns 3,642 shares of the financial services provider’s stock worth $413,000 after acquiring an additional 134 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Stifel Financial by 14.3% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,113 shares of the financial services provider’s stock worth $126,000 after acquiring an additional 139 shares during the period. 82.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SF has been the topic of several recent analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Stifel Financial in a report on Friday, May 29th. Zacks Research upgraded Stifel Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. TD Cowen dropped their price objective on Stifel Financial from $136.00 to $92.00 and set a “hold” rating on the stock in a research note on Monday, March 23rd. Finally, UBS Group cut their price objective on Stifel Financial from $100.00 to $89.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Stifel Financial presently has a consensus rating of “Moderate Buy” and an average price target of $91.15.

Stifel Financial Stock Down 1.8%

Shares of Stifel Financial stock opened at $68.02 on Tuesday. The stock’s fifty day moving average is $73.94 and its 200-day moving average is $78.01. The firm has a market capitalization of $10.43 billion, a PE ratio of 13.23 and a beta of 1.00. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.29. Stifel Financial Corporation has a 12-month low of $67.81 and a 12-month high of $89.83.

Stifel Financial (NYSE:SF) last released its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. Stifel Financial had a return on equity of 18.76% and a net margin of 15.34%.The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the company posted $0.49 EPS. Stifel Financial’s revenue for the quarter was up 17.7% on a year-over-year basis. Equities analysts anticipate that Stifel Financial Corporation will post 6.25 earnings per share for the current year.

Stifel Financial Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.36 dividend on an annualized basis and a yield of 2.0%. Stifel Financial’s dividend payout ratio is currently 26.46%.

Stifel Financial Profile

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.