Redwood Investment Management LLC Takes Position in Stifel Financial Corp. (NYSE:SF)

Redwood Investment Management LLC bought a new position in shares of Stifel Financial Corp. (NYSE:SF) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 19,401 shares of the financial services provider’s stock, valued at approximately $1,517,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Steward Partners Investment Advisory LLC increased its stake in shares of Stifel Financial by 0.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 22,537 shares of the financial services provider’s stock worth $1,558,000 after purchasing an additional 141 shares during the period. Blue Trust Inc. lifted its holdings in shares of Stifel Financial by 9.9% during the fourth quarter. Blue Trust Inc. now owns 2,125 shares of the financial services provider’s stock worth $147,000 after buying an additional 192 shares in the last quarter. Boston Partners boosted its position in shares of Stifel Financial by 0.5% in the fourth quarter. Boston Partners now owns 37,765 shares of the financial services provider’s stock valued at $2,611,000 after acquiring an additional 199 shares during the period. Signaturefd LLC boosted its position in shares of Stifel Financial by 29.4% in the fourth quarter. Signaturefd LLC now owns 1,030 shares of the financial services provider’s stock valued at $71,000 after acquiring an additional 234 shares during the period. Finally, Fulton Bank N.A. grew its stake in shares of Stifel Financial by 7.6% in the first quarter. Fulton Bank N.A. now owns 5,175 shares of the financial services provider’s stock valued at $405,000 after acquiring an additional 366 shares in the last quarter. Institutional investors own 82.01% of the company’s stock.

Insider Buying and Selling at Stifel Financial

In related news, Director David A. Peacock sold 13,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $79.90, for a total transaction of $1,038,700.00. Following the completion of the sale, the director now owns 18,646 shares of the company’s stock, valued at $1,489,815.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.57% of the company’s stock.

Analyst Upgrades and Downgrades

SF has been the subject of a number of recent research reports. StockNews.com downgraded shares of Stifel Financial from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Citigroup increased their price target on Stifel Financial from $74.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Wolfe Research cut Stifel Financial from an “outperform” rating to a “peer perform” rating in a report on Monday, July 22nd. TD Cowen upped their target price on Stifel Financial from $85.00 to $88.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Finally, JMP Securities restated a “market outperform” rating and issued a $88.00 price target on shares of Stifel Financial in a research report on Tuesday, April 9th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Stifel Financial presently has an average rating of “Hold” and an average target price of $83.50.

Stifel Financial Price Performance

Shares of SF traded up $0.90 during midday trading on Wednesday, hitting $88.72. The company’s stock had a trading volume of 551,388 shares, compared to its average volume of 605,712. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 0.35. Stifel Financial Corp. has a one year low of $54.81 and a one year high of $90.00. The stock has a market capitalization of $9.09 billion, a price-to-earnings ratio of 20.16 and a beta of 1.11. The company’s fifty day simple moving average is $81.85 and its two-hundred day simple moving average is $78.34.

Stifel Financial (NYSE:SF) last issued its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.06. Stifel Financial had a return on equity of 13.33% and a net margin of 11.59%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the company posted $1.20 EPS. Stifel Financial’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, equities analysts expect that Stifel Financial Corp. will post 6.55 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a $0.42 dividend. The ex-dividend date was Monday, June 3rd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.89%. Stifel Financial’s dividend payout ratio (DPR) is presently 38.18%.

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.