Lazard Asset Management LLC raised its stake in Stifel Financial Corporation (NYSE:SF – Free Report) by 38.6% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 115,003 shares of the financial services provider’s stock after buying an additional 32,055 shares during the period. Lazard Asset Management LLC’s holdings in Stifel Financial were worth $8,501,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Advisory Services Network LLC acquired a new position in shares of Stifel Financial during the third quarter worth $29,000. Activest Wealth Management boosted its holdings 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 valued at $30,000 after acquiring an additional 240 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Stifel Financial during the 4th quarter valued at $34,000. Cullen Frost Bankers Inc. bought a new stake in Stifel Financial during the 4th quarter worth $50,000. Finally, BOKF NA grew its position in Stifel Financial by 1,626.9% during the 3rd quarter. BOKF NA now owns 449 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 423 shares during the last quarter. Institutional investors own 82.01% of the company’s stock.
Insiders Place Their Bets
In other Stifel Financial news, Director Maryam S. Brown sold 4,700 shares of the stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $79.20, for a total transaction of $372,240.00. Following the completion of the sale, the director directly owned 5,729 shares in the company, valued at approximately $453,736.80. This trade represents a 45.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.36% of the company’s stock.
Stifel Financial Trading Up 0.9%
Stifel Financial (NYSE:SF – Get Free Report) last announced its earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.09. Stifel Financial had a net margin of 16.11% and a return on equity of 19.32%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the firm earned $1.71 earnings per share. Stifel Financial’s quarterly revenue was up 13.0% on a year-over-year basis. Equities analysts expect that Stifel Financial Corporation will post 6.36 earnings per share for the current year.
Analysts Set New Price Targets
SF has been the subject of several research reports. JPMorgan Chase & Co. increased their target price on Stifel Financial from $80.00 to $86.00 and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Zacks Research raised 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, UBS Group set a $90.00 target price on shares of Stifel Financial in a research report on Thursday, July 23rd. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Stifel Financial has an average rating of “Moderate Buy” and a consensus target price of $91.90.
View Our Latest Stock Report on SF
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.
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