Harbor Capital Advisors Inc. Grows Stock Position in Stifel Financial Corp. (NYSE:SF)

Harbor Capital Advisors Inc. lifted its stake in Stifel Financial Corp. (NYSE:SF) by 26.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 51,957 shares of the financial services provider’s stock after buying an additional 10,757 shares during the period. Harbor Capital Advisors Inc.’s holdings in Stifel Financial were worth $4,897,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of SF. Norges Bank purchased a new position in shares of Stifel Financial in the fourth quarter worth about $137,448,000. FMR LLC grew its stake in shares of Stifel Financial by 8.5% in the fourth quarter. FMR LLC now owns 8,628,832 shares of the financial services provider’s stock worth $915,346,000 after purchasing an additional 672,420 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Stifel Financial by 32.2% in the fourth quarter. Wellington Management Group LLP now owns 2,588,964 shares of the financial services provider’s stock worth $274,637,000 after purchasing an additional 630,255 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Stifel Financial by 47,124.2% in the first quarter. GAMMA Investing LLC now owns 425,018 shares of the financial services provider’s stock worth $40,062,000 after purchasing an additional 424,118 shares during the last quarter. Finally, Walleye Capital LLC grew its stake in shares of Stifel Financial by 477.9% in the fourth quarter. Walleye Capital LLC now owns 238,945 shares of the financial services provider’s stock worth $25,347,000 after purchasing an additional 197,598 shares during the last quarter. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Wall Street Analysts Forecast Growth

SF has been the topic of several recent analyst reports. Wolfe Research raised Stifel Financial from a “peer perform” rating to an “outperform” rating and set a $108.00 target price on the stock in a research note on Thursday, April 24th. Wells Fargo & Company cut their target price on Stifel Financial from $106.00 to $102.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. Citigroup cut their target price on Stifel Financial from $125.00 to $105.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 2nd. TD Cowen cut their target price on Stifel Financial from $124.00 to $84.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. Finally, JMP Securities cut their target price on Stifel Financial from $135.00 to $120.00 and set a “market outperform” rating on the stock in a research note on Tuesday, April 8th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $105.50.

Stifel Financial Stock Performance

Stifel Financial stock opened at $96.58 on Wednesday. The stock’s 50 day simple moving average is $89.70 and its two-hundred day simple moving average is $100.88. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. The stock has a market cap of $9.92 billion, a price-to-earnings ratio of 15.48 and a beta of 1.07. Stifel Financial Corp. has a fifty-two week low of $73.27 and a fifty-two week high of $120.64.

Stifel Financial (NYSE:SF) last released its earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($1.15). Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the business posted $1.49 earnings per share. Stifel Financial’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, analysts expect that Stifel Financial Corp. will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.84 annualized dividend and a dividend yield of 1.91%. Stifel Financial’s payout ratio is 35.18%.

Insider Activity

In other Stifel Financial news, Director Michael J. Zimmerman sold 10,000 shares of the business’s stock in a transaction on Friday, June 6th. The shares were sold at an average price of $96.69, for a total transaction of $966,900.00. Following the completion of the sale, the director now directly owns 45,833 shares in the company, valued at approximately $4,431,592.77. The trade was a 17.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.28% of the company’s stock.

Stifel Financial Profile

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.