Beverly Hills Private Wealth LLC purchased a new stake in Stifel Financial Corporation (NYSE:SF – Free Report) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 55,849 shares of the financial services provider’s stock, valued at approximately $3,897,000.
Several other hedge funds have also bought and sold shares of the stock. Brown Brothers Harriman & Co. increased its holdings in shares of Stifel Financial by 15.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 811 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 106 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in Stifel Financial by 0.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 23,449 shares of the financial services provider’s stock worth $2,936,000 after buying an additional 114 shares in the last quarter. Principal Securities Inc. boosted 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 in the last quarter. Clark Capital Management Group Inc. grew its position 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 valued at $413,000 after buying an additional 134 shares during the period. Finally, Crossmark Global Holdings Inc. grew 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 valued at $978,000 after buying an additional 140 shares during the period. Hedge funds and other institutional investors own 82.01% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have weighed in on SF. UBS Group set a $90.00 price objective on shares of Stifel Financial in a report on Thursday, July 23rd. Zacks Research raised shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Wall Street Zen cut Stifel Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. JPMorgan Chase & Co. lifted their price target on Stifel Financial from $80.00 to $86.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings reaffirmed 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 assigned a Hold rating to the company. According to data from MarketBeat, Stifel Financial has a consensus rating of “Moderate Buy” and a consensus target price of $91.90.
Insider Buying and Selling
In other Stifel Financial news, Director Maryam S. Brown sold 4,700 shares of the business’s stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $79.20, for a total transaction of $372,240.00. Following the completion of the sale, the director directly owned 5,729 shares in the company, valued at approximately $453,736.80. The trade was a 45.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.36% of the company’s stock.
Stifel Financial Stock Performance
SF opened at $85.66 on Monday. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt-to-equity ratio of 0.33. The company has a market cap of $12.94 billion, a price-to-earnings ratio of 15.33 and a beta of 0.99. Stifel Financial Corporation has a 52-week low of $67.81 and a 52-week high of $89.83. The firm’s fifty day simple moving average is $77.09 and its two-hundred day simple moving average is $76.46.
Stifel Financial (NYSE:SF – Get Free Report) last released its earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.09. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Stifel Financial had a net margin of 16.11% and a return on equity of 19.22%. The company’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.71 earnings per share. Equities analysts anticipate that Stifel Financial Corporation will post 6.36 earnings per share for the current fiscal year.
Stifel Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.6%. The ex-dividend date is Tuesday, September 1st. Stifel Financial’s payout ratio is presently 24.33%.
Stifel Financial 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.
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