FinArc Investments Inc. Purchases New Position in Stifel Financial Corporation $SF

FinArc Investments Inc. acquired a new position in shares of Stifel Financial Corporation (NYSE:SFFree Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 42,062 shares of the financial services provider’s stock, valued at approximately $3,109,000. Stifel Financial makes up approximately 3.0% of FinArc Investments Inc.’s investment portfolio, making the stock its 10th biggest holding.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SF. 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 valued at $362,368,000 after buying an additional 1,408,347 shares in the last quarter. Norges Bank bought a new stake in shares of Stifel Financial during the fourth quarter worth $172,446,000. Dimensional Fund Advisors LP increased its holdings in shares of Stifel Financial by 51.6% during 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 buying an additional 890,810 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Stifel Financial by 58.7% during the first quarter. Bank of America Corp DE now owns 1,875,501 shares of the financial services provider’s stock worth $138,637,000 after buying an additional 693,437 shares in the last quarter. Finally, Marshall Wace LLP lifted its stake in shares of Stifel Financial by 50.9% in the 4th quarter. Marshall Wace LLP now owns 1,284,806 shares of the financial services provider’s stock valued at $160,883,000 after acquiring an additional 433,341 shares during the last quarter. Institutional investors own 82.01% of the company’s stock.

Insider Activity

In other news, Director Maryam S. Brown sold 4,700 shares of the business’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 value of $372,240.00. Following the transaction, the director owned 5,729 shares in the company, valued at approximately $453,736.80. The trade was a 45.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.36% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SF shares. Zacks Research raised Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stifel Financial in a report on Friday, May 29th. UBS Group set a $90.00 target price on Stifel Financial in a research report on Thursday, July 23rd. Finally, 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. Five equities research 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.com, Stifel Financial has a consensus rating of “Moderate Buy” and a consensus price target of $91.90.

Check Out Our Latest Stock Analysis on SF

Stifel Financial Price Performance

Shares of SF opened at $82.69 on Friday. Stifel Financial Corporation has a 1 year low of $67.81 and a 1 year high of $89.83. 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 company has a market capitalization of $12.68 billion, a price-to-earnings ratio of 14.80 and a beta of 1.01. The business has a 50-day moving average of $74.16 and a 200-day moving average of $76.62.

Stifel Financial (NYSE:SFGet Free Report) last announced its earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 EPS for the quarter, beating the consensus estimate of $1.33 by $0.09. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Stifel Financial had a return on equity of 19.32% and a net margin of 16.11%.The firm’s revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.71 earnings per share. As a group, equities research analysts anticipate that Stifel Financial Corporation will post 6.36 earnings per share for the current year.

Stifel Financial Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Stifel Financial (NYSE:SF)

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