Glenmede Trust Co. NA Grows Position in Stifel Financial Corporation $SF

Glenmede Trust Co. NA lifted its stake in Stifel Financial Corporation (NYSE:SF) by 37.6% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 260,062 shares of the financial services provider’s stock after buying an additional 71,050 shares during the quarter. Glenmede Trust Co. NA’s holdings in Stifel Financial were worth $19,224,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Access Investment Management LLC increased its holdings in Stifel Financial by 50.0% in the 1st quarter. Access Investment Management LLC now owns 213,750 shares of the financial services provider’s stock valued at $15,800,000 after acquiring an additional 71,258 shares during the last quarter. Essential Partners LLC lifted its stake in Stifel Financial by 57.8% in the 1st quarter. Essential Partners LLC now owns 11,179 shares of the financial services provider’s stock worth $826,000 after purchasing an additional 4,093 shares in the last quarter. FinArc Investments Inc. bought a new position in shares of Stifel Financial during the 1st quarter valued at about $3,109,000. Bank of America Corp DE boosted its holdings in shares of Stifel Financial by 58.7% during the 1st quarter. Bank of America Corp DE now owns 1,875,501 shares of the financial services provider’s stock valued at $138,637,000 after purchasing an additional 693,437 shares during the last quarter. Finally, Tanaka Capital Management Inc. boosted its holdings in shares of Stifel Financial by 50.0% during the 1st quarter. Tanaka Capital Management Inc. now owns 19,090 shares of the financial services provider’s stock valued at $1,411,000 after purchasing an additional 6,362 shares during the last quarter. Institutional investors own 82.01% of the company’s stock.

Wall Street Analyst Weigh In

SF has been the topic of several research reports. Zacks Research raised Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. JPMorgan Chase & Co. increased their price target on Stifel Financial from $80.00 to $86.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Stifel Financial in a research note on Friday, May 29th. UBS Group set a $90.00 price target on Stifel Financial in a report on Thursday, July 23rd. Finally, Wall Street Zen raised Stifel Financial from a “hold” rating to a “buy” rating in a research note on Saturday. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $91.90.

Stifel Financial Trading Up 0.5%

Shares of SF stock opened at $83.08 on Friday. The company has a market cap of $12.74 billion, a PE ratio of 14.87 and a beta of 1.01. Stifel Financial Corporation has a 1 year low of $67.81 and a 1 year high of $89.83. The stock’s 50 day simple moving average is $74.37 and its two-hundred day simple moving average is $76.67. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.80.

Stifel Financial (NYSE:SF) last announced its earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.09. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Stifel Financial had a return on equity of 19.32% and a net margin of 16.11%.The company’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.71 EPS. Research analysts predict that Stifel Financial Corporation will post 6.36 earnings per share for the current year.

Insider Transactions at Stifel Financial

In related news, Director Maryam S. Brown sold 4,700 shares of the firm’s stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $79.20, for a total value of $372,240.00. Following the completion of the sale, the director directly owned 5,729 shares in the company, valued at $453,736.80. This trade represents a 45.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.36% of the stock is currently owned by corporate insiders.

About Stifel Financial

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.