Polar Asset Management Partners Inc. purchased a new position in shares of Stifel Financial Corporation (NYSE:SF – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 34,713 shares of the financial services provider’s stock, valued at approximately $2,422,000.
Several other institutional investors and hedge funds have also modified their holdings of the business. Advisory Services Network LLC acquired a new stake in Stifel Financial in the third quarter valued at about $29,000. Activest Wealth Management raised its stake in Stifel Financial by 12,000.0% during the fourth quarter. Activest Wealth Management now owns 242 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 240 shares in the last quarter. Danske Bank A S bought a new position in shares of Stifel Financial in the second quarter worth about $31,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Stifel Financial in the fourth quarter worth about $34,000. Finally, Keating Financial Advisory Services Inc. bought a new position in shares of Stifel Financial in the second quarter worth about $35,000. 82.01% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Stifel Financial
In related news, Director Maryam S. Brown sold 4,700 shares of the business’s 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 sale, the director owned 5,729 shares of the company’s stock, valued at $453,736.80. The trade was a 45.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.36% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Stifel Financial Stock Performance
Stifel Financial stock opened at $79.72 on Wednesday. The business has a 50 day moving average of $78.46 and a 200-day moving average of $76.37. The company has a market capitalization of $12.04 billion, a P/E ratio of 14.27 and a beta of 0.99. Stifel Financial Corporation has a 1 year low of $67.81 and a 1 year high of $89.83. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.88 and a quick ratio of 0.83.
Stifel Financial (NYSE:SF – Get Free Report) last posted its earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 EPS for the quarter, topping the consensus estimate of $1.33 by $0.09. Stifel Financial had a net margin of 16.11% and a return on equity of 19.22%. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period last year, the company earned $1.71 EPS. The firm’s revenue was up 13.0% compared to the same quarter last year. On average, equities research analysts predict that Stifel Financial Corporation will post 6.36 earnings per share for the current year.
Stifel Financial Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Tuesday, September 1st. Stifel Financial’s payout ratio is 24.33%.
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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