Bull Harbor Capital LLC Buys Shares of 13,951 Stifel Financial Corporation $SF

Bull Harbor Capital LLC bought a new stake in shares of Stifel Financial Corporation (NYSE:SF) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,951 shares of the financial services provider’s stock, valued at approximately $1,031,000.

Several other large investors also recently modified their holdings of the stock. AQR Capital Management LLC raised its holdings in shares of Stifel Financial by 94.8% in the 4th quarter. AQR Capital Management LLC now owns 2,893,850 shares of the financial services provider’s stock worth $362,368,000 after purchasing an additional 1,408,347 shares during the period. Norges Bank purchased a new position in Stifel Financial in the fourth quarter valued at approximately $172,446,000. Dimensional Fund Advisors LP lifted its stake in Stifel Financial by 51.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,616,616 shares of the financial services provider’s stock valued at $193,403,000 after purchasing an additional 890,810 shares during the last quarter. Marshall Wace LLP grew its holdings in Stifel Financial by 50.9% during the fourth quarter. Marshall Wace LLP now owns 1,284,806 shares of the financial services provider’s stock valued at $160,883,000 after purchasing an additional 433,341 shares during the period. Finally, Wellington Management Group LLP grew its holdings in Stifel Financial by 13.8% during the third quarter. Wellington Management Group LLP now owns 3,451,787 shares of the financial services provider’s stock valued at $391,674,000 after purchasing an additional 419,038 shares during the period. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on SF shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday, May 29th. JPMorgan Chase & Co. upped their price target on Stifel Financial from $80.00 to $86.00 and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Zacks Research upgraded Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, UBS Group set a $90.00 price objective on Stifel Financial in a report on Thursday, July 23rd. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $91.67.

Insider Transactions at Stifel Financial

In other Stifel Financial news, Director Maryam S. Brown sold 4,700 shares of the stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $79.20, for a total transaction of $372,240.00. Following the sale, the director owned 5,729 shares in the company, valued at $453,736.80. This represents a 45.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.36% of the stock is owned by insiders.

Stifel Financial Stock Performance

NYSE SF opened at $81.97 on Thursday. The firm has a market cap of $12.57 billion, a P/E ratio of 14.67 and a beta of 1.01. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.29. The company’s 50 day moving average is $73.95 and its 200-day moving average is $76.65. 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 data on Wednesday, July 22nd. The financial services provider reported $1.42 EPS for the quarter, topping the consensus estimate of $1.33 by $0.09. Stifel Financial had a net margin of 16.11% and a return on equity of 19.32%. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period last year, the firm earned $1.71 EPS. Stifel Financial’s revenue for the quarter was up 13.0% on a year-over-year basis. Sell-side analysts predict that Stifel Financial Corporation will post 6.36 earnings per share for the current year.

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.