Polianta Ltd Takes $1.52 Million Position in Stifel Financial Corporation $SF

Polianta Ltd purchased a new position in Stifel Financial Corporation (NYSE:SFFree Report) during the first quarter, HoldingsChannel.com reports. The fund purchased 20,600 shares of the financial services provider’s stock, valued at approximately $1,522,000.

A number of other large investors also recently modified their holdings of SF. NewEdge Advisors LLC lifted its stake in Stifel Financial by 5.8% in the 1st quarter. NewEdge Advisors LLC now owns 2,673 shares of the financial services provider’s stock worth $252,000 after purchasing an additional 147 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of Stifel Financial by 1,162.6% during the 1st quarter. Jones Financial Companies Lllp now owns 2,702 shares of the financial services provider’s stock valued at $255,000 after purchasing an additional 2,488 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Stifel Financial by 106.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 974 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 503 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Stifel Financial by 86.5% in the second quarter. First Trust Advisors LP now owns 128,630 shares of the financial services provider’s stock worth $13,349,000 after purchasing an additional 59,662 shares during the period. Finally, Amundi increased its holdings in shares of Stifel Financial by 51.0% in the second quarter. Amundi now owns 31,906 shares of the financial services provider’s stock worth $3,425,000 after purchasing an additional 10,771 shares during the period. 82.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Zacks Research raised Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. TD Cowen decreased their target price on Stifel Financial from $136.00 to $92.00 and set a “hold” rating on the stock in a research note on Monday, March 23rd. UBS Group lowered their price target on Stifel Financial from $100.00 to $89.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday, May 29th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $91.15.

Check Out Our Latest Stock Report on SF

Stifel Financial Price Performance

Shares of Stifel Financial stock opened at $73.65 on Friday. The firm has a market capitalization of $11.30 billion, a PE ratio of 14.33 and a beta of 1.00. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. Stifel Financial Corporation has a 12 month low of $64.36 and a 12 month high of $89.83. The business’s 50-day moving average price is $74.90 and its 200-day moving average price is $78.51.

Stifel Financial (NYSE:SFGet Free Report) last released its earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.51 billion. Stifel Financial had a return on equity of 18.76% and a net margin of 15.34%.Stifel Financial’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS. Sell-side analysts forecast that Stifel Financial Corporation will post 6.25 EPS for the current fiscal year.

Stifel Financial Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.36 annualized dividend and a dividend yield of 1.8%. Stifel Financial’s dividend payout ratio (DPR) is 26.46%.

Stifel Financial Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Stifel Financial (NYSE:SF)

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