Man Group plc acquired a new position in shares of Stifel Financial Corporation (NYSE:SF – Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 141,354 shares of the financial services provider’s stock, valued at approximately $9,862,000. Man Group plc owned about 0.09% of Stifel Financial at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Advisory Services Network LLC acquired a new stake in Stifel Financial during the 3rd quarter valued at $29,000. Activest Wealth Management raised its holdings in shares of Stifel Financial by 12,000.0% in 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 during the last quarter. Danske Bank A S acquired a new position in shares of Stifel Financial in the second quarter worth $31,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Stifel Financial in the fourth quarter worth $34,000. Finally, Keating Financial Advisory Services Inc. purchased a new stake in shares of Stifel Financial in the second quarter valued at $35,000. Hedge funds and other institutional investors own 82.01% of the company’s stock.
Insider Buying and Selling
In related news, Director Maryam S. Brown sold 4,700 shares of the firm’s stock in a transaction that occurred 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 transaction, the director owned 5,729 shares in the company, valued at approximately $453,736.80. This trade represents a 45.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.36% of the company’s stock.
Analysts Set New Price Targets
Stifel Financial Trading Up 0.6%
SF stock opened at $81.31 on Friday. 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 $12.28 billion, a price-to-earnings ratio of 14.55 and a beta of 0.99. The business has a fifty day simple moving average of $78.90 and a 200-day simple moving average of $76.33. Stifel Financial Corporation has a 52 week low of $67.81 and a 52 week high of $89.83.
Stifel Financial (NYSE:SF – Get Free Report) last issued its earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.09. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations 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 last year, the firm earned $1.71 earnings per share. On average, equities research analysts expect that Stifel Financial Corporation will post 6.36 EPS for the current year.
Stifel Financial Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 1st. Stifel Financial’s dividend 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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