Altshuler Shaham Ltd Decreases Stock Holdings in Stifel Financial Corp. (NYSE:SF)

Altshuler Shaham Ltd decreased its holdings in shares of Stifel Financial Corp. (NYSE:SF) by 27.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 664 shares of the financial services provider’s stock after selling 251 shares during the period. Altshuler Shaham Ltd’s holdings in Stifel Financial were worth $46,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. increased its stake in shares of Stifel Financial by 9.9% in the 4th quarter. Blue Trust Inc. now owns 2,125 shares of the financial services provider’s stock worth $147,000 after acquiring an additional 192 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of Stifel Financial by 39.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 730 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 206 shares during the period. Signaturefd LLC grew its holdings in shares of Stifel Financial by 29.4% during the 4th quarter. Signaturefd LLC now owns 1,030 shares of the financial services provider’s stock worth $71,000 after purchasing an additional 234 shares during the period. Treasurer of the State of North Carolina grew its holdings in shares of Stifel Financial by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 46,507 shares of the financial services provider’s stock worth $2,857,000 after purchasing an additional 235 shares during the period. Finally, Arizona State Retirement System grew its holdings in shares of Stifel Financial by 0.8% during the 3rd quarter. Arizona State Retirement System now owns 30,219 shares of the financial services provider’s stock worth $1,857,000 after purchasing an additional 249 shares during the period. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Wall Street Analysts Forecast Growth

SF has been the subject of a number of research analyst reports. TD Cowen increased their price target on Stifel Financial from $86.50 to $92.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Citigroup raised their target price on Stifel Financial from $74.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. UBS Group raised their target price on Stifel Financial from $74.00 to $78.00 and gave the company a “neutral” rating in a report on Monday, January 29th. JMP Securities restated a “market outperform” rating and set a $88.00 target price on shares of Stifel Financial in a report on Tuesday, April 9th. Finally, StockNews.com upgraded Stifel Financial from a “buy” rating to a “strong-buy” rating in a report on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $84.50.

Stifel Financial Stock Performance

SF traded up $0.36 during trading on Wednesday, hitting $83.15. 508,180 shares of the stock were exchanged, compared to its average volume of 562,585. The firm has a market capitalization of $8.55 billion, a P/E ratio of 18.90 and a beta of 1.14. Stifel Financial Corp. has a 1-year low of $54.81 and a 1-year high of $83.78. The stock has a fifty day moving average price of $76.84 and a two-hundred day moving average price of $70.69. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 0.35.

Stifel Financial (NYSE:SF) last released its earnings results on Wednesday, April 24th. The financial services provider reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.13). The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.14 billion. Stifel Financial had a net margin of 11.34% and a return on equity of 12.39%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.40 EPS. As a group, sell-side analysts predict that Stifel Financial Corp. will post 7.04 earnings per share for the current year.

Insider Activity at Stifel Financial

In other Stifel Financial news, insider Victor Nesi sold 36,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $75.37, for a total transaction of $2,713,320.00. Following the sale, the insider now directly owns 54,732 shares in the company, valued at $4,125,150.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, SVP Thomas B. Michaud sold 25,421 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $74.26, for a total value of $1,887,763.46. Following the completion of the transaction, the senior vice president now directly owns 90,055 shares in the company, valued at $6,687,484.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Victor Nesi sold 36,000 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $75.37, for a total value of $2,713,320.00. Following the completion of the transaction, the insider now owns 54,732 shares of the company’s stock, valued at $4,125,150.84. The disclosure for this sale can be found here. Insiders have sold a total of 74,421 shares of company stock worth $5,639,783 over the last three months. 3.52% of the stock is currently owned by corporate insiders.

Stifel Financial Company 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.