Hsbc Holdings PLC Acquires 2,234 Shares of Stifel Financial Corp. (NYSE:SF)

Hsbc Holdings PLC grew its holdings in Stifel Financial Corp. (NYSE:SF) by 32.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,035 shares of the financial services provider’s stock after purchasing an additional 2,234 shares during the period. Hsbc Holdings PLC’s holdings in Stifel Financial were worth $757,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Versant Capital Management Inc grew its position in Stifel Financial by 1,818.8% in the 2nd quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 291 shares during the period. Fidelis Capital Partners LLC purchased a new stake in Stifel Financial during the first quarter valued at $32,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in Stifel Financial in the first quarter valued at about $33,000. Rothschild Investment LLC purchased a new position in Stifel Financial in the second quarter worth about $64,000. Finally, Bessemer Group Inc. boosted its position in Stifel Financial by 388.3% in the first quarter. Bessemer Group Inc. now owns 796 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 633 shares during the last quarter. 82.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SF shares. JMP Securities reiterated a “market outperform” rating and issued a $105.00 price objective on shares of Stifel Financial in a research note on Monday, September 9th. Citigroup increased their price target on shares of Stifel Financial from $90.00 to $102.00 and gave the stock a “neutral” rating in a research report on Friday. TD Cowen boosted their price objective on shares of Stifel Financial from $85.00 to $88.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Wolfe Research cut Stifel Financial from an “outperform” rating to a “peer perform” rating in a report on Monday, July 22nd. Finally, StockNews.com cut Stifel Financial from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $94.67.

Stifel Financial Price Performance

NYSE:SF opened at $93.66 on Monday. The stock has a market cap of $9.60 billion, a PE ratio of 21.29 and a beta of 1.09. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. The business’s 50-day simple moving average is $86.04 and its two-hundred day simple moving average is $81.92. Stifel Financial Corp. has a 52 week low of $54.81 and a 52 week high of $94.18.

Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.06. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. Stifel Financial had a return on equity of 13.24% and a net margin of 11.59%. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.20 EPS. As a group, analysts forecast that Stifel Financial Corp. will post 6.55 EPS for the current fiscal year.

Stifel Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were issued a $0.42 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $1.68 dividend on an annualized basis and a yield of 1.79%. Stifel Financial’s dividend payout ratio is currently 38.18%.

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.