Stifel Financial Corporation $SF Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC decreased its stake in shares of Stifel Financial Corporation (NYSE:SF) by 56.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,166 shares of the financial services provider’s stock after selling 24,628 shares during the period. Hsbc Holdings PLC’s holdings in Stifel Financial were worth $2,413,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of SF. Rehmann Capital Advisory Group increased its holdings in Stifel Financial by 2.9% in the fourth quarter. Rehmann Capital Advisory Group now owns 5,202 shares of the financial services provider’s stock valued at $653,000 after buying an additional 148 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Stifel Financial in the 4th quarter valued at approximately $34,000. Kera Capital Partners Inc. bought a new stake in shares of Stifel Financial in the 4th quarter valued at approximately $360,000. Virtu Financial LLC acquired a new stake in shares of Stifel Financial during the 4th quarter valued at approximately $965,000. Finally, Compound Planning Inc. raised its position in shares of Stifel Financial by 16.7% during the 4th quarter. Compound Planning Inc. now owns 2,856 shares of the financial services provider’s stock valued at $358,000 after acquiring an additional 408 shares in the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SF has been the subject of a number of research reports. TD Cowen decreased their price objective on shares of Stifel Financial from $136.00 to $92.00 and set a “hold” rating for the company in a report on Monday, March 23rd. Zacks Research upgraded shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stifel Financial in a report on Friday, May 29th. Finally, UBS Group lowered their price objective on shares of Stifel Financial from $100.00 to $89.00 and set a “buy” rating for the company in a research report on Wednesday, April 8th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $91.15.

Stifel Financial Stock Down 1.8%

Stifel Financial stock opened at $68.02 on Tuesday. The company has a 50-day simple moving average of $73.94 and a 200-day simple moving average of $78.01. The firm has a market capitalization of $10.43 billion, a P/E ratio of 13.23 and a beta of 1.00. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 0.85. Stifel Financial Corporation has a one year low of $67.81 and a one year high of $89.83.

Stifel Financial (NYSE:SF) last issued its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.06. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.51 billion. Stifel Financial had a net margin of 15.34% and a return on equity of 18.76%. Stifel Financial’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period last year, the firm posted $0.49 EPS. As a group, equities analysts expect that Stifel Financial Corporation will post 6.25 earnings per share for the current year.

Stifel Financial Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.34 dividend. The ex-dividend date was Monday, June 1st. This represents a $1.36 annualized dividend and a dividend yield of 2.0%. Stifel Financial’s dividend payout ratio (DPR) is presently 26.46%.

Stifel Financial 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.