Squarepoint Ops LLC lifted its stake in Stifel Financial Corporation (NYSE:SF – Free Report) by 716.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 585,834 shares of the financial services provider’s stock after buying an additional 514,052 shares during the quarter. Squarepoint Ops LLC’s holdings in Stifel Financial were worth $40,874,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of SF. NewEdge Advisors LLC raised its holdings in Stifel Financial by 5.8% in the first quarter. NewEdge Advisors LLC now owns 2,673 shares of the financial services provider’s stock worth $252,000 after buying an additional 147 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Stifel Financial by 1,162.6% during the first quarter. Jones Financial Companies Lllp now owns 2,702 shares of the financial services provider’s stock valued at $255,000 after buying an additional 2,488 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Stifel Financial by 106.8% during the second quarter. EverSource Wealth Advisors LLC now owns 974 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 503 shares in the last quarter. First Trust Advisors LP increased its position in shares of Stifel Financial by 86.5% during the second quarter. First Trust Advisors LP now owns 128,630 shares of the financial services provider’s stock valued at $13,349,000 after acquiring an additional 59,662 shares in the last quarter. Finally, Amundi increased its position in shares of Stifel Financial by 51.0% during the second quarter. Amundi now owns 31,906 shares of the financial services provider’s stock valued at $3,425,000 after acquiring an additional 10,771 shares in the last quarter. 82.01% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Stifel Financial
In other news, Director Maryam Brown sold 4,700 shares of the 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 $453,736.80. This represents a 45.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.36% of the stock is owned by company insiders.
Analysts Set New Price Targets
View Our Latest Report on Stifel Financial
Stifel Financial Trading Down 0.9%
Shares of SF stock opened at $80.73 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.83 and a debt-to-equity ratio of 0.33. Stifel Financial Corporation has a 12-month low of $67.81 and a 12-month high of $89.83. The stock has a market capitalization of $12.19 billion, a P/E ratio of 14.45 and a beta of 0.98. The firm’s 50 day moving average is $80.24 and its 200 day moving average is $76.27.
Stifel Financial (NYSE:SF – Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.09. Stifel Financial had a return on equity of 19.22% and a net margin of 16.11%.The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the prior year, the business earned $1.71 earnings per share. Stifel Financial’s revenue for the quarter was up 13.0% compared to the same quarter last year. Research analysts expect 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 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 is presently 24.33%.
Stifel Financial Company Profile
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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