Hsbc Holdings PLC Sells 24,628 Shares of Stifel Financial Corporation $SF

Hsbc Holdings PLC decreased its stake in shares of Stifel Financial Corporation (NYSE:SF) by 56.2% during the fourth quarter, HoldingsChannel.com reports. 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 SEC filing.

Other institutional investors have also made changes to their positions in the company. Activest Wealth Management lifted its holdings in Stifel Financial by 12,000.0% in the 4th quarter. Activest Wealth Management now owns 242 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 240 shares during the last quarter. Advisory Services Network LLC bought a new stake in Stifel Financial during the third quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd acquired a new position in Stifel Financial during the fourth quarter valued at approximately $34,000. Cullen Frost Bankers Inc. acquired a new position in Stifel Financial during the fourth quarter valued at approximately $50,000. Finally, BOKF NA raised its position in shares of Stifel Financial by 1,626.9% in the third quarter. BOKF NA now owns 449 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 423 shares during the period. 82.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Zacks Research upgraded 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 research note on Friday, May 29th. TD Cowen dropped their target price on shares of Stifel Financial from $136.00 to $92.00 and set a “hold” rating on the stock in a report on Monday, March 23rd. Finally, UBS Group reissued a “buy” rating and set a $86.00 target price (down from $89.00) on shares of Stifel Financial in a research report on Wednesday. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $91.75.

Stifel Financial Stock Performance

SF opened at $75.22 on Friday. The firm has a market capitalization of $11.54 billion, a P/E ratio of 14.63 and a beta of 1.01. The stock’s 50 day moving average price is $72.97 and its two-hundred day moving average price is $77.32. 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 12-month low of $67.81 and a 12-month high of $89.83.

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

Stifel Financial Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders 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 1.8%. Stifel Financial’s dividend payout ratio (DPR) is presently 26.46%.

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.