The Manufacturers Life Insurance Company Buys 36,302 Shares of Stifel Financial Corporation $SF

The Manufacturers Life Insurance Company boosted its stake in Stifel Financial Corporation (NYSE:SF) by 49.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 109,065 shares of the financial services provider’s stock after buying an additional 36,302 shares during the period. The Manufacturers Life Insurance Company’s holdings in Stifel Financial were worth $8,062,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SF. Activest Wealth Management raised its stake in Stifel Financial by 12,000.0% during the fourth quarter. Activest Wealth Management now owns 242 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 240 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Stifel Financial in the 3rd quarter valued at $29,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Stifel Financial in the 4th quarter valued at $34,000. Cullen Frost Bankers Inc. bought a new stake in shares of Stifel Financial in the 4th quarter worth about $50,000. Finally, BOKF NA grew its holdings in shares of Stifel Financial by 1,626.9% in the 3rd quarter. BOKF NA now owns 449 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 423 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Stifel Financial Stock Performance

Shares of Stifel Financial stock opened at $84.08 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.80. The firm has a 50 day simple moving average of $74.81 and a 200 day simple moving average of $76.56. Stifel Financial Corporation has a fifty-two week low of $67.81 and a fifty-two week high of $89.83. The firm has a market cap of $12.90 billion, a P/E ratio of 15.05 and a beta of 0.99.

Stifel Financial (NYSE:SF) last posted its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.09. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.42 billion. Stifel Financial had a return on equity of 19.32% and a net margin of 16.11%.The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.71 EPS. Sell-side analysts predict that Stifel Financial Corporation will post 6.36 earnings per share for the current fiscal 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 dated 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 in the company, valued at $453,736.80. This trade 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 at the SEC website. 3.36% of the stock is currently owned by corporate insiders.

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.