Summit Investment Advisors Inc. Boosts Stock Position in Stifel Financial Corporation $SF

Summit Investment Advisors Inc. lifted its stake in shares of Stifel Financial Corporation (NYSE:SF) by 10.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 39,398 shares of the financial services provider’s stock after acquiring an additional 3,597 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Stifel Financial were worth $3,714,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SF. Cambridge Investment Research Advisors Inc. bought a new position in shares of Stifel Financial in the first quarter worth approximately $361,000. TD Private Client Wealth LLC lifted its stake in shares of Stifel Financial by 26.1% during the 1st quarter. TD Private Client Wealth LLC now owns 2,374 shares of the financial services provider’s stock valued at $224,000 after buying an additional 492 shares in the last quarter. Stratos Wealth Partners LTD. boosted its holdings in Stifel Financial by 3.0% in the 1st quarter. Stratos Wealth Partners LTD. now owns 4,328 shares of the financial services provider’s stock worth $408,000 after buying an additional 127 shares during the period. Greenleaf Trust increased its stake in Stifel Financial by 6.4% in the 1st quarter. Greenleaf Trust now owns 2,755 shares of the financial services provider’s stock worth $260,000 after buying an additional 166 shares in the last quarter. Finally, Allworth Financial LP increased its stake in Stifel Financial by 67.7% in the 1st quarter. Allworth Financial LP now owns 337 shares of the financial services provider’s stock worth $29,000 after buying an additional 136 shares in the last quarter. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Stock Up 1.3%

NYSE SF opened at $121.68 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 0.28. Stifel Financial Corporation has a 52 week low of $73.27 and a 52 week high of $121.74. The firm has a market capitalization of $12.39 billion, a price-to-earnings ratio of 21.50 and a beta of 1.19. The company has a fifty day moving average of $114.27 and a two-hundred day moving average of $106.66.

Stifel Financial (NYSE:SF) last released its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.06. Stifel Financial had a net margin of 12.44% and a return on equity of 15.06%. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the previous year, the company earned $1.50 EPS. The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year. On average, analysts predict that Stifel Financial Corporation will post 8.26 earnings per share for the current year.

Stifel Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, December 1st. Stifel Financial’s dividend payout ratio is presently 32.51%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. JMP Securities boosted their price objective on Stifel Financial from $130.00 to $135.00 and gave the company a “market outperform” rating in a research report on Thursday, October 9th. Weiss Ratings restated a “hold (c+)” rating on shares of Stifel Financial in a research note on Wednesday, October 8th. Stifel Nicolaus set a $131.00 price objective on shares of Stifel Financial in a research report on Wednesday, October 8th. UBS Group set a $135.00 target price on shares of Stifel Financial in a research report on Thursday, October 9th. Finally, Wall Street Zen upgraded shares of Stifel Financial from a “sell” rating to a “hold” rating in a report on Sunday, August 3rd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Stifel Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.90.

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.