Edgestream Partners L.P. Sells 9,547 Shares of Stifel Financial Corporation $SF

Edgestream Partners L.P. trimmed its stake in shares of Stifel Financial Corporation (NYSE:SF) by 10.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,350 shares of the financial services provider’s stock after selling 9,547 shares during the quarter. Edgestream Partners L.P. owned approximately 0.05% of Stifel Financial worth $6,161,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Activest Wealth Management increased its holdings in shares of Stifel Financial by 12,000.0% during the fourth quarter. Activest Wealth Management now owns 242 shares of the financial services provider’s stock worth $30,000 after buying an additional 240 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Stifel Financial during the 3rd quarter valued at $29,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Stifel Financial during the 4th quarter valued at $34,000. Cullen Frost Bankers Inc. bought a new stake in Stifel Financial during the 4th quarter worth $50,000. Finally, BOKF NA grew its position in Stifel Financial by 1,626.9% during the 3rd quarter. BOKF NA now owns 449 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 423 shares during the last quarter. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Stock Performance

NYSE SF opened at $82.69 on Friday. The company has a market capitalization of $12.68 billion, a price-to-earnings ratio of 14.80 and a beta of 1.01. 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 twelve month low of $67.81 and a twelve month high of $89.83. The stock has a fifty day simple moving average of $74.16 and a 200 day simple moving average of $76.62.

Stifel Financial (NYSE:SF) last released its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.09. Stifel Financial had a return on equity of 19.32% and a net margin of 16.11%.The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the previous year, the company posted $1.71 EPS. The business’s revenue was up 13.0% on a year-over-year basis. Sell-side analysts expect that Stifel Financial Corporation will post 6.36 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. JPMorgan Chase & Co. increased their target price on Stifel Financial from $80.00 to $86.00 and gave the company a “neutral” rating in a research report on Thursday, July 23rd. UBS Group set a $90.00 price target on Stifel Financial in a report on Thursday, July 23rd. Zacks Research raised Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Stifel Financial in a report on Friday, May 29th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $91.90.

Insider Transactions at Stifel Financial

In other news, Director Maryam S. Brown sold 4,700 shares of the business’s stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $79.20, for a total value of $372,240.00. Following the transaction, the director owned 5,729 shares in the company, valued at approximately $453,736.80. The trade was a 45.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.36% of the company’s stock.

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.