Hsbc Holdings PLC Raises Stake in Stifel Financial Corporation $SF

Hsbc Holdings PLC boosted its stake in Stifel Financial Corporation (NYSE:SF) by 36.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 111,311 shares of the financial services provider’s stock after purchasing an additional 29,981 shares during the quarter. Hsbc Holdings PLC’s holdings in Stifel Financial were worth $7,796,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Advisory Services Network LLC bought a new stake in shares of Stifel Financial during the third quarter valued at about $29,000. Danske Bank A S purchased a new position in Stifel Financial during the second quarter valued at approximately $31,000. Caitong International Asset Management Co. Ltd purchased a new position in Stifel Financial during the fourth quarter valued at approximately $34,000. Keating Financial Advisory Services Inc. purchased a new position in Stifel Financial during the second quarter valued at approximately $35,000. Finally, JTC Employer Solutions Trustee Ltd increased its holdings in Stifel Financial by 49.8% during the 1st quarter. JTC Employer Solutions Trustee Ltd now owns 481 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 160 shares during the period. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Insider Buying and Selling

In related news, Director Maryam 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 value of $372,240.00. Following the transaction, the director owned 5,729 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through the SEC website. 3.36% of the stock is currently owned by corporate insiders.

Stifel Financial Trading Down 0.1%

Shares of Stifel Financial stock opened at $80.66 on Thursday. Stifel Financial Corporation has a 1 year low of $67.81 and a 1 year high of $89.83. The firm has a market cap of $12.18 billion, a PE ratio of 14.44 and a beta of 0.98. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.88 and a quick ratio of 0.83. The company has a 50 day simple moving average of $80.41 and a two-hundred day simple moving average of $76.28.

Stifel Financial (NYSE:SF) last released its quarterly 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 business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Stifel Financial had a net margin of 16.11% and a return on equity of 19.22%. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.71 EPS. Analysts expect that Stifel Financial Corporation will post 6.36 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a $0.34 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $1.36 annualized dividend and a yield of 1.7%. Stifel Financial’s payout ratio is 24.33%.

Analyst Upgrades and Downgrades

SF has been the subject of several analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Stifel Financial in a report on Wednesday, August 26th. UBS Group set a $90.00 price target on shares of Stifel Financial in a report on Thursday, July 23rd. Wall Street Zen downgraded Stifel Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. JPMorgan Chase & Co. lifted their price objective on Stifel Financial from $80.00 to $86.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Finally, Zacks Research upgraded Stifel Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $91.90.

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.