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

Tanaka Capital Management Inc. raised its stake in Stifel Financial Corporation (NYSE:SF) by 50.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,090 shares of the financial services provider’s stock after purchasing an additional 6,362 shares during the quarter. Stifel Financial makes up 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 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in SF. Brown Brothers Harriman & Co. boosted its holdings in shares of Stifel Financial by 15.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 811 shares of the financial services provider’s stock valued at $102,000 after buying an additional 106 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of Stifel Financial by 0.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 23,449 shares of the financial services provider’s stock valued at $2,936,000 after buying an additional 114 shares in the last quarter. Principal Securities Inc. increased its holdings in Stifel Financial by 6.9% during the fourth quarter. Principal Securities Inc. now owns 1,926 shares of the financial services provider’s stock worth $241,000 after buying an additional 124 shares during the last quarter. Clark Capital Management Group Inc. increased its holdings in Stifel Financial by 3.8% during the third quarter. Clark Capital Management Group Inc. now owns 3,642 shares of the financial services provider’s stock worth $413,000 after buying an additional 134 shares during the last quarter. Finally, Crossmark Global Holdings Inc. raised its position in Stifel Financial by 1.8% during the fourth quarter. Crossmark Global Holdings Inc. now owns 7,811 shares of the financial services provider’s stock worth $978,000 after acquiring an additional 140 shares in the last quarter. Institutional investors and hedge funds own 82.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Zacks Research upgraded shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. UBS Group set a $90.00 price objective on shares of Stifel Financial in a research note on Thursday, July 23rd. JPMorgan Chase & Co. upped their target price on shares of Stifel Financial from $80.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Stifel Financial in a research note 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.67.

Stifel Financial Stock Down 3.1%

SF stock opened at $81.97 on Thursday. Stifel Financial Corporation has a 1-year low of $67.81 and a 1-year high of $89.83. The business’s 50 day simple moving average is $73.95 and its 200 day simple moving average is $76.65. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $12.57 billion, a PE ratio of 14.67 and a beta of 1.01.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate 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 last year, the firm posted $1.71 EPS. The company’s quarterly revenue was up 13.0% on a year-over-year basis. As a group, research analysts anticipate that Stifel Financial Corporation will post 6.36 EPS for the current year.

Insider Buying and Selling at Stifel Financial

In other 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 transaction of $372,240.00. Following the completion of the sale, the director owned 5,729 shares in the company, valued at approximately $453,736.80. This trade represents a 45.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.36% of the stock is owned by 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.