Heartland Advisors Inc. purchased a new position in shares of Stifel Financial Corporation (NYSE:SF – Free Report) during the second quarter, HoldingsChannel reports. The firm purchased 121,653 shares of the financial services provider’s stock, valued at approximately $8,488,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of SF. Advisory Services Network LLC acquired a new stake in shares of Stifel Financial in the third quarter valued at approximately $29,000. Activest Wealth Management boosted its stake in shares of Stifel Financial by 12,000.0% during the 4th quarter. Activest Wealth Management now owns 242 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 240 shares during the period. Danske Bank A S bought a new position in shares of Stifel Financial during the 2nd quarter worth approximately $31,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Stifel Financial during the 4th quarter worth approximately $34,000. Finally, Keating Financial Advisory Services Inc. acquired a new position in shares of Stifel Financial during the 2nd quarter worth approximately $35,000. Institutional investors own 82.01% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on SF shares. 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. Wall Street Zen lowered shares of Stifel Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Weiss Ratings restated a “buy (b-)” rating on shares of Stifel Financial in a research note on Friday, May 29th. Zacks Research raised shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, UBS Group set a $90.00 price target on shares of Stifel Financial in a research note on Thursday, July 23rd. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Stifel Financial has a consensus rating of “Moderate Buy” and a consensus price target of $91.90.
Stifel Financial Price Performance
NYSE:SF opened at $80.95 on Friday. Stifel Financial Corporation has a 52 week low of $67.81 and a 52 week high of $89.83. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.83 and a current ratio of 0.88. The firm’s 50-day simple moving average is $78.20 and its 200 day simple moving average is $76.47. The firm has a market cap of $12.22 billion, a price-to-earnings ratio of 14.49 and a beta of 0.99.
Stifel Financial (NYSE:SF – Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.09. Stifel Financial had a net margin of 16.11% and a return on equity of 19.22%. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the firm posted $1.71 EPS. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, sell-side analysts predict that Stifel Financial Corporation will post 6.36 earnings per share for the current year.
Stifel Financial Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Tuesday, September 1st. Stifel Financial’s payout ratio is 24.33%.
Insider Activity
In related news, Director Maryam S. Brown sold 4,700 shares of the 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 sale, the director owned 5,729 shares of the company’s stock, valued at $453,736.80. This represents a 45.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 3.36% of the company’s stock.
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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