Evolve Private Wealth LLC purchased a new position in shares of Stifel Financial Corporation (NYSE:SF – Free Report) in the second quarter, Holdings Channel.com reports. The fund purchased 60,043 shares of the financial services provider’s stock, valued at approximately $4,189,000.
Several other institutional investors and hedge funds have also modified their holdings of SF. BlackRock Inc. bought a new position in Stifel Financial in the second quarter valued at about $1,031,197,000. Wellington Management Group LLP lifted its holdings in shares of Stifel Financial by 13.8% in the third quarter. Wellington Management Group LLP now owns 3,451,787 shares of the financial services provider’s stock worth $391,674,000 after acquiring an additional 419,038 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Stifel Financial by 94.8% in the fourth quarter. AQR Capital Management LLC now owns 2,893,850 shares of the financial services provider’s stock worth $362,368,000 after acquiring an additional 1,408,347 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Stifel Financial by 51.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,616,616 shares of the financial services provider’s stock valued at $193,403,000 after purchasing an additional 890,810 shares in the last quarter. Finally, Boston Partners boosted its stake in shares of Stifel Financial by 2.0% in the 3rd quarter. Boston Partners now owns 2,371,880 shares of the financial services provider’s stock valued at $269,128,000 after purchasing an additional 45,631 shares in the last quarter. 82.01% of the stock is currently owned by institutional investors.
Insider Activity at Stifel Financial
In other news, Director Maryam S. Brown sold 4,700 shares of Stifel Financial stock in a transaction 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 completion of the sale, the director owned 5,729 shares in the company, valued at $453,736.80. The trade was a 45.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.36% of the stock is currently owned by company insiders.
Stifel Financial Stock Up 1.3%
Stifel Financial (NYSE:SF – Get Free Report) last announced its earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 EPS for the quarter, beating the consensus estimate of $1.33 by $0.09. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. Stifel Financial had a return on equity of 19.22% and a net margin of 16.11%.The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.71 EPS. Equities analysts forecast that Stifel Financial Corporation will post 6.36 earnings per share for the current year.
Stifel Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.36 annualized dividend and a dividend yield of 1.7%. Stifel Financial’s dividend payout ratio (DPR) is 24.33%.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the stock. Weiss Ratings reiterated 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 research note on Wednesday, May 20th. JPMorgan Chase & Co. increased 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. UBS Group set a $90.00 price objective on Stifel Financial in a research report on Thursday, July 23rd. Finally, Wall Street Zen cut Stifel Financial from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $91.90.
Get Our Latest Research Report on SF
About Stifel Financial
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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