Altshuler Shaham Ltd Sells 251 Shares of Stifel Financial Corp. (NYSE:SF)

Altshuler Shaham Ltd reduced its position in Stifel Financial Corp. (NYSE:SF) by 27.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 664 shares of the financial services provider’s stock after selling 251 shares during the quarter. Altshuler Shaham Ltd’s holdings in Stifel Financial were worth $46,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Meritage Portfolio Management boosted its position in shares of Stifel Financial by 48.3% in the fourth quarter. Meritage Portfolio Management now owns 6,779 shares of the financial services provider’s stock valued at $469,000 after acquiring an additional 2,207 shares during the period. Knights of Columbus Asset Advisors LLC lifted its position in Stifel Financial by 94.6% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 76,224 shares of the financial services provider’s stock valued at $5,271,000 after purchasing an additional 37,047 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Stifel Financial by 23.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 152,767 shares of the financial services provider’s stock valued at $9,386,000 after purchasing an additional 29,026 shares during the last quarter. Brandywine Oak Private Wealth LLC lifted its position in Stifel Financial by 21.6% during the fourth quarter. Brandywine Oak Private Wealth LLC now owns 60,043 shares of the financial services provider’s stock valued at $4,152,000 after purchasing an additional 10,678 shares during the last quarter. Finally, Panagora Asset Management Inc. lifted its position in Stifel Financial by 3.3% during the third quarter. Panagora Asset Management Inc. now owns 114,234 shares of the financial services provider’s stock valued at $7,019,000 after purchasing an additional 3,668 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors.

Stifel Financial Trading Up 0.4 %

Shares of NYSE SF traded up $0.36 during mid-day trading on Wednesday, hitting $83.15. The stock had a trading volume of 508,180 shares, compared to its average volume of 562,585. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.79 and a current ratio of 0.82. Stifel Financial Corp. has a 1 year low of $54.81 and a 1 year high of $83.78. The business has a 50 day moving average price of $76.84 and a two-hundred day moving average price of $70.69. The firm has a market cap of $8.55 billion, a P/E ratio of 18.90 and a beta of 1.14.

Stifel Financial (NYSE:SF) last issued its earnings results on Wednesday, April 24th. The financial services provider reported $1.49 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.13). Stifel Financial had a return on equity of 12.39% and a net margin of 11.34%. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the firm earned $1.40 earnings per share. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, equities analysts anticipate that Stifel Financial Corp. will post 7.04 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Insider Buying and Selling

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

About Stifel Financial

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.