Hsbc Holdings PLC Grows Holdings in Stifel Financial Corporation $SF

Hsbc Holdings PLC boosted its position in Stifel Financial Corporation (NYSE:SF) by 36.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 111,311 shares of the financial services provider’s stock after purchasing an additional 29,981 shares during the period. Hsbc Holdings PLC owned about 0.07% of Stifel Financial worth $7,796,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SF. BlackRock Inc. bought a new position in shares of Stifel Financial in the second quarter valued at approximately $1,031,197,000. Wellington Management Group LLP lifted its holdings in Stifel Financial by 13.8% during the third quarter. Wellington Management Group LLP now owns 3,451,787 shares of the financial services provider’s stock worth $391,674,000 after acquiring an additional 419,038 shares during the period. AQR Capital Management LLC boosted its position in Stifel Financial by 94.8% in the fourth quarter. AQR Capital Management LLC now owns 2,893,850 shares of the financial services provider’s stock worth $362,368,000 after purchasing an additional 1,408,347 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Stifel Financial by 51.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,616,616 shares of the financial services provider’s stock worth $193,403,000 after purchasing an additional 890,810 shares during the last quarter. Finally, Boston Partners grew its stake in Stifel Financial by 2.0% in the 3rd quarter. Boston Partners now owns 2,371,880 shares of the financial services provider’s stock valued at $269,128,000 after purchasing an additional 45,631 shares during the period. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Stock Down 0.1%

Shares of NYSE SF opened at $80.66 on Thursday. Stifel Financial Corporation has a one year low of $67.81 and a one year high of $89.83. 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 business’s fifty day moving average price is $80.41 and its 200-day moving average price is $76.28. The stock has a market capitalization of $12.18 billion, a PE ratio of 14.44 and a beta of 0.98.

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

Stifel Financial Announces Dividend

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

Insider Activity

In related news, Director Maryam Brown sold 4,700 shares of the company’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 transaction of $372,240.00. Following the sale, the director directly owned 5,729 shares in the company, valued at approximately $453,736.80. This represents a 45.07% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.36% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

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.