Edgestream Partners L.P. Has $6.16 Million Stock Holdings in Stifel Financial Corporation $SF

Edgestream Partners L.P. decreased its holdings in shares of Stifel Financial Corporation (NYSE:SF) by 10.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,350 shares of the financial services provider’s stock after selling 9,547 shares during the period. Edgestream Partners L.P.’s holdings in Stifel Financial were worth $6,161,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new position in Stifel Financial in the third quarter valued at approximately $29,000. Activest Wealth Management grew its position in shares of Stifel Financial by 12,000.0% during the 4th quarter. Activest Wealth Management now owns 242 shares of the financial services provider’s stock worth $30,000 after buying an additional 240 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Stifel Financial during the 4th quarter worth approximately $34,000. JTC Employer Solutions Trustee Ltd grew its position in shares of 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 buying an additional 160 shares during the period. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of Stifel Financial in the 4th quarter valued at $50,000. 82.01% of the stock is currently owned by institutional investors.

Stifel Financial Trading Up 0.9%

NYSE SF opened at $82.69 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.29. Stifel Financial Corporation has a 52 week low of $67.81 and a 52 week high of $89.83. The business has a 50 day moving average price of $74.16 and a 200-day moving average price of $76.62. The company has a market cap of $12.68 billion, a price-to-earnings ratio of 14.80 and a beta of 1.01.

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. UBS Group set a $90.00 target price on shares of Stifel Financial in a research note on Thursday, July 23rd. Zacks Research raised shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stifel Financial in a report on Friday, May 29th. Finally, JPMorgan Chase & Co. increased 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 investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $91.90.

Insiders Place Their Bets

In other Stifel Financial news, Director Maryam S. Brown sold 4,700 shares of the company’s stock in a transaction 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 transaction, the director owned 5,729 shares in the company, valued at approximately $453,736.80. This represents a 45.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 3.36% of the company’s stock.

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.