New Age Alpha Advisors LLC Trims Holdings in Stifel Financial Corporation (NYSE:SF)

New Age Alpha Advisors LLC reduced its holdings in shares of Stifel Financial Corporation (NYSE:SF) by 53.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,906 shares of the financial services provider’s stock after selling 31,292 shares during the period. New Age Alpha Advisors LLC’s holdings in Stifel Financial were worth $2,536,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. NBC Securities Inc. bought a new stake in Stifel Financial during the 1st quarter valued at about $26,000. Alpine Bank Wealth Management purchased a new stake in shares of Stifel Financial during the first quarter valued at approximately $27,000. Allworth Financial LP increased its position in shares of Stifel Financial by 67.7% during the first quarter. Allworth Financial LP now owns 337 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 136 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Stifel Financial by 123.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 183 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in Stifel Financial by 52.1% in the 4th quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 110 shares during the last quarter. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Price Performance

Shares of NYSE:SF opened at $111.90 on Thursday. The company has a quick ratio of 0.77, a current ratio of 0.81 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $11.50 billion, a PE ratio of 21.69 and a beta of 1.11. The firm’s 50 day moving average price is $104.22 and its 200-day moving average price is $99.97. Stifel Financial Corporation has a twelve month low of $73.27 and a twelve month high of $120.64.

Stifel Financial (NYSE:SF) last announced its earnings results on Wednesday, July 30th. The financial services provider reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.06. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Stifel Financial had a return on equity of 13.93% and a net margin of 11.90%. Stifel Financial’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the firm earned $1.60 EPS. Equities research analysts expect that Stifel Financial Corporation will post 8.26 EPS for the current year.

Stifel Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.6%. Stifel Financial’s dividend payout ratio (DPR) is presently 35.66%.

Analysts Set New Price Targets

A number of research firms have commented on SF. Wells Fargo & Company lifted their target price on Stifel Financial from $102.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. Stifel Nicolaus set a $135.00 price objective on Stifel Financial in a report on Thursday, July 31st. JPMorgan Chase & Co. decreased their target price on Stifel Financial from $123.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Wolfe Research raised shares of Stifel Financial from a “peer perform” rating to an “outperform” rating and set a $108.00 price target on the stock in a report on Thursday, April 24th. Finally, Citigroup raised shares of Stifel Financial from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $115.00 to $135.00 in a report on Thursday, July 31st. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $115.78.

Insider Activity

In related news, Director Michael J. Zimmerman sold 10,000 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $96.69, for a total value of $966,900.00. Following the completion of the sale, the director directly owned 45,833 shares of the company’s stock, valued at approximately $4,431,592.77. This represents a 17.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.28% of the company’s stock.

Stifel Financial 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.