Tanaka Capital Management Inc. Has $1.41 Million Position in Stifel Financial Corporation $SF

Tanaka Capital Management Inc. boosted its position in Stifel Financial Corporation (NYSE:SF) by 50.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,090 shares of the financial services provider’s stock after purchasing an additional 6,362 shares during the quarter. Stifel Financial comprises about 1.7% of Tanaka Capital Management Inc.’s portfolio, making the stock its 16th biggest holding. Tanaka Capital Management Inc.’s holdings in Stifel Financial were worth $1,411,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SF. Advisory Services Network LLC bought a new position in Stifel Financial during the 3rd quarter worth $29,000. Activest Wealth Management grew its stake in shares of Stifel Financial by 12,000.0% in the fourth quarter. Activest Wealth Management now owns 242 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 240 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Stifel Financial in the fourth quarter valued at about $34,000. JTC Employer Solutions Trustee Ltd grew its stake in shares of Stifel Financial by 49.8% in the first quarter. JTC Employer Solutions Trustee Ltd now owns 481 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 160 shares in the last quarter. Finally, Cullen Frost Bankers Inc. bought a new position in Stifel Financial during the fourth quarter worth about $50,000. 82.01% of the stock is owned by institutional investors and hedge funds.

Stifel Financial Stock Performance

SF opened at $81.97 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 0.85. Stifel Financial Corporation has a 52-week low of $67.81 and a 52-week high of $89.83. The firm has a market cap of $12.57 billion, a P/E ratio of 14.67 and a beta of 1.01. The business’s fifty day moving average is $73.95 and its 200-day moving average is $76.65.

Stifel Financial (NYSE:SF) last posted 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 business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the firm earned $1.71 earnings per share. Stifel Financial’s revenue for the quarter was up 13.0% compared to the same quarter last year. Sell-side analysts expect that Stifel Financial Corporation will post 6.36 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on SF shares. UBS Group set a $90.00 price objective on shares of Stifel Financial in a research note on Thursday, July 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday, May 29th. Zacks Research raised shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Stifel Financial from $80.00 to $86.00 and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $91.67.

Insider Buying and Selling

In other Stifel Financial news, Director Maryam S. Brown sold 4,700 shares of the firm’s stock in a transaction dated 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 directly owned 5,729 shares of the company’s stock, valued at $453,736.80. This trade represents a 45.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.36% of the stock is currently owned by corporate insiders.

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.