EFG Asset Management North America Corp. Sells 5,981 Shares of Stifel Financial Corporation $SF

EFG Asset Management North America Corp. lowered its position in Stifel Financial Corporation (NYSE:SF) by 21.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,989 shares of the financial services provider’s stock after selling 5,981 shares during the period. EFG Asset Management North America Corp.’s holdings in Stifel Financial were worth $2,282,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bank of New Hampshire grew its position in shares of Stifel Financial by 1.0% during the 2nd quarter. Bank of New Hampshire now owns 9,639 shares of the financial services provider’s stock valued at $1,000,000 after acquiring an additional 100 shares during the period. Securian Asset Management Inc. grew its holdings in Stifel Financial by 1.3% during the second quarter. Securian Asset Management Inc. now owns 7,837 shares of the financial services provider’s stock valued at $813,000 after purchasing an additional 100 shares during the period. Nisa Investment Advisors LLC increased its position in Stifel Financial by 2.7% in the second quarter. Nisa Investment Advisors LLC now owns 4,085 shares of the financial services provider’s stock worth $424,000 after buying an additional 108 shares in the last quarter. Journey Strategic Wealth LLC increased its position in Stifel Financial by 4.2% in the first quarter. Journey Strategic Wealth LLC now owns 2,907 shares of the financial services provider’s stock worth $274,000 after buying an additional 117 shares in the last quarter. Finally, Stratos Wealth Partners LTD. raised its stake in shares of Stifel Financial by 3.0% in the first quarter. Stratos Wealth Partners LTD. now owns 4,328 shares of the financial services provider’s stock worth $408,000 after buying an additional 127 shares during the period. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SF shares. JPMorgan Chase & Co. increased their price objective on shares of Stifel Financial from $125.00 to $133.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Citigroup reiterated an “outperform” rating on shares of Stifel Financial in a research note on Thursday, October 9th. Cowen raised Stifel Financial from a “hold” rating to a “buy” rating in a report on Wednesday, October 8th. Zacks Research raised Stifel Financial from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. Finally, Stifel Nicolaus set a $131.00 target price on Stifel Financial in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $125.90.

Stifel Financial Price Performance

Shares of Stifel Financial stock opened at $119.46 on Thursday. The stock has a market cap of $12.21 billion, a price-to-earnings ratio of 21.11 and a beta of 1.19. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.82. The stock has a 50 day moving average price of $114.08 and a 200-day moving average price of $106.15. Stifel Financial Corporation has a one year low of $73.27 and a one year high of $120.97.

Stifel Financial (NYSE:SF) last issued its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.06. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.33 billion. Stifel Financial had a return on equity of 15.06% and a net margin of 12.44%.Stifel Financial’s revenue was up 16.7% on a year-over-year basis. During the same period last year, the company earned $1.50 earnings per share. Equities analysts expect that Stifel Financial Corporation will post 8.26 EPS for the current year.

Stifel Financial 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.