Hsbc Holdings PLC Makes New Investment in Stifel Financial Corporation $SF

Hsbc Holdings PLC purchased a new position in Stifel Financial Corporation (NYSE:SF) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 111,311 shares of the financial services provider’s stock, valued at approximately $7,796,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fifth Third Bancorp grew its holdings in Stifel Financial by 430.4% during the first quarter. Fifth Third Bancorp now owns 73,993 shares of the financial services provider’s stock worth $5,470,000 after acquiring an additional 60,042 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Stifel Financial by 49.9% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 38,209 shares of the financial services provider’s stock valued at $2,824,000 after acquiring an additional 12,727 shares during the last quarter. BlackRock Inc. bought a new position in shares of Stifel Financial during the 2nd quarter valued at about $1,031,197,000. Heartland Advisors Inc. boosted its position in shares of Stifel Financial by 56.3% during the 1st quarter. Heartland Advisors Inc. now owns 134,153 shares of the financial services provider’s stock valued at $9,917,000 after purchasing an additional 48,346 shares in the last quarter. Finally, North Reef Capital Management LP acquired a new position in shares of Stifel Financial in the 1st quarter worth approximately $4,230,000. Institutional investors own 82.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. UBS Group set a $90.00 target price on shares of Stifel Financial in a report on Thursday, July 23rd. Wall Street Zen cut shares of Stifel Financial from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Weiss Ratings restated a “buy (b-)” rating on shares of Stifel Financial in a research report on Wednesday. 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 report 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 issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $91.90.

Insider Activity at Stifel Financial

In related news, Director Maryam S. Brown sold 4,700 shares of the firm’s stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $79.20, for a total value of $372,240.00. Following the completion of the transaction, the director owned 5,729 shares of the company’s stock, valued at approximately $453,736.80. This trade represents a 45.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.36% of the company’s stock.

Stifel Financial Trading Up 0.6%

Shares of SF opened at $81.31 on Friday. The business’s 50-day moving average price is $78.90 and its 200 day moving average price is $76.33. The company has a current ratio of 0.88, a quick ratio of 0.83 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $12.28 billion, a P/E ratio of 14.55 and a beta of 0.99. Stifel Financial Corporation has a 1-year low of $67.81 and a 1-year high of $89.83.

Stifel Financial (NYSE:SF) last posted its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.09. Stifel Financial had a net margin of 16.11% and a return on equity of 19.22%. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the prior year, the firm earned $1.71 earnings per share. The business’s quarterly revenue was up 13.0% on a year-over-year basis. Analysts expect that Stifel Financial Corporation will post 6.36 earnings per share for the current year.

Stifel Financial Dividend Announcement

The company also recently declared 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. This represents a $1.36 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Tuesday, September 1st. Stifel Financial’s dividend payout ratio is 24.33%.

Stifel Financial Company 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.