Stifel Financial Corp. (NYSE:SF) Stake Increased by Swiss National Bank

Swiss National Bank increased its stake in Stifel Financial Corp. (NYSE:SFGet Rating) by 1.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 250,613 shares of the financial services provider’s stock after buying an additional 4,400 shares during the period. Swiss National Bank owned about 0.24% of Stifel Financial worth $14,039,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Horizon Advisors Inc. acquired a new position in Stifel Financial in the second quarter worth $38,000. Meeder Asset Management Inc. boosted its holdings in Stifel Financial by 1,177.4% in the second quarter. Meeder Asset Management Inc. now owns 792 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 730 shares during the period. Ellevest Inc. boosted its holdings in Stifel Financial by 107.8% in the second quarter. Ellevest Inc. now owns 850 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 441 shares during the period. CENTRAL TRUST Co boosted its holdings in Stifel Financial by 49.8% in the first quarter. CENTRAL TRUST Co now owns 749 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 249 shares during the period. Finally, EverSource Wealth Advisors LLC acquired a new position in Stifel Financial in the second quarter worth $54,000. Institutional investors own 84.77% of the company’s stock.

Stifel Financial Stock Performance

Shares of SF opened at $63.40 on Friday. Stifel Financial Corp. has a 1 year low of $49.31 and a 1 year high of $83.28. The company has a market cap of $6.74 billion, a price-to-earnings ratio of 10.55 and a beta of 1.29. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.79 and a current ratio of 0.82. The firm has a fifty day moving average of $57.87 and a 200-day moving average of $59.37.

Stifel Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Wednesday, November 30th. Stifel Financial’s dividend payout ratio (DPR) is 19.97%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on SF shares. Citigroup started coverage on shares of Stifel Financial in a report on Tuesday, October 11th. They issued a “neutral” rating and a $60.00 price objective for the company. StockNews.com assumed coverage on shares of Stifel Financial in a report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, JMP Securities reduced their price target on shares of Stifel Financial from $100.00 to $98.00 and set a “market outperform” rating for the company in a report on Tuesday, October 11th.

About Stifel Financial

(Get Rating)

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States, the United Kingdom, the rest of Europe, and Canada.

See Also

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

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