Intech Investment Management LLC Buys Shares of 6,848 Stifel Financial Corp. (NYSE:SF)

Intech Investment Management LLC bought a new position in Stifel Financial Corp. (NYSE:SF) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,848 shares of the financial services provider’s stock, valued at approximately $576,000.

Several other hedge funds also recently modified their holdings of the business. BNP Paribas Financial Markets raised its holdings in Stifel Financial by 7.2% during the fourth quarter. BNP Paribas Financial Markets now owns 7,036 shares of the financial services provider’s stock valued at $487,000 after buying an additional 471 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Stifel Financial by 0.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 22,537 shares of the financial services provider’s stock valued at $1,558,000 after acquiring an additional 141 shares in the last quarter. TFO Wealth Partners LLC lifted its holdings in Stifel Financial by 87,583.3% in the 4th quarter. TFO Wealth Partners LLC now owns 5,261 shares of the financial services provider’s stock worth $364,000 after purchasing an additional 5,255 shares during the last quarter. Axiom Investors LLC DE boosted its position in Stifel Financial by 248.2% during the fourth quarter. Axiom Investors LLC DE now owns 106,725 shares of the financial services provider’s stock worth $7,380,000 after purchasing an additional 76,075 shares during the period. Finally, First Trust Advisors LP grew its holdings in Stifel Financial by 12.4% during the fourth quarter. First Trust Advisors LP now owns 525,026 shares of the financial services provider’s stock valued at $36,306,000 after purchasing an additional 58,013 shares during the last quarter. Institutional investors and hedge funds own 82.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SF. Wells Fargo & Company began coverage on shares of Stifel Financial in a research note on Thursday, September 12th. They issued an “overweight” rating and a $101.00 price objective for the company. JMP Securities reissued a “market outperform” rating and set a $105.00 target price on shares of Stifel Financial in a research report on Monday, September 9th. Wolfe Research downgraded Stifel Financial from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 22nd. TD Cowen lifted their price target on Stifel Financial from $85.00 to $88.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Finally, StockNews.com cut Stifel Financial from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $91.00.

Stifel Financial Trading Up 0.1 %

Stifel Financial stock opened at $92.91 on Friday. The business has a 50 day moving average price of $85.83 and a two-hundred day moving average price of $81.68. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. Stifel Financial Corp. has a 12 month low of $54.81 and a 12 month high of $94.18. The stock has a market cap of $9.52 billion, a price-to-earnings ratio of 21.12 and a beta of 1.09.

Stifel Financial (NYSE:SF) last issued its earnings results on Wednesday, July 24th. The financial services provider reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.06. Stifel Financial had a return on equity of 13.24% and a net margin of 11.59%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period in the prior year, the company posted $1.20 earnings per share. Stifel Financial’s revenue was up 15.9% on a year-over-year basis. As a group, equities analysts forecast that Stifel Financial Corp. will post 6.55 EPS for the current year.

Stifel Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date was Tuesday, September 3rd. Stifel Financial’s payout ratio is 38.18%.

About Stifel Financial

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 and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.