Stifel Financial Corp. (NYSE:SF) Shares Sold by Xponance Inc.

Xponance Inc. lowered its position in Stifel Financial Corp. (NYSE:SF) by 10.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,095 shares of the financial services provider’s stock after selling 1,272 shares during the period. Xponance Inc.’s holdings in Stifel Financial were worth $934,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of SF. SageView Advisory Group LLC purchased a new position in Stifel Financial during the 1st quarter valued at about $1,251,000. SG Americas Securities LLC purchased a new position in shares of Stifel Financial during the 2nd quarter worth approximately $1,543,000. Quadrature Capital Ltd acquired a new position in shares of Stifel Financial during the 4th quarter worth approximately $649,000. Van ECK Associates Corp lifted its stake in Stifel Financial by 36.5% in the 1st quarter. Van ECK Associates Corp now owns 35,083 shares of the financial services provider’s stock valued at $2,742,000 after buying an additional 9,384 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in Stifel Financial by 268.6% during the 2nd quarter. Blue Trust Inc. now owns 8,798 shares of the financial services provider’s stock valued at $688,000 after buying an additional 6,411 shares during the last quarter. Institutional investors and hedge funds own 82.01% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SF. TD Cowen upped their price objective on Stifel Financial from $85.00 to $88.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Wells Fargo & Company assumed coverage on shares of Stifel Financial in a report on Thursday, September 12th. They issued an “overweight” rating and a $101.00 target price on the stock. StockNews.com downgraded shares of Stifel Financial from a “buy” rating to a “hold” rating in a report on Friday, September 20th. JMP Securities reissued a “market outperform” rating and set a $105.00 price objective on shares of Stifel Financial in a research note on Monday, September 9th. Finally, Citigroup lifted their target price on shares of Stifel Financial from $90.00 to $102.00 and gave the stock a “neutral” rating in a research note on Friday. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Stifel Financial currently has an average rating of “Hold” and an average target price of $94.67.

Stifel Financial Stock Performance

Shares of SF stock opened at $93.66 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.80 and a current ratio of 0.84. The firm has a market capitalization of $9.60 billion, a price-to-earnings ratio of 21.29 and a beta of 1.09. Stifel Financial Corp. has a one year low of $54.81 and a one year high of $94.18. The company has a 50 day moving average price of $86.04 and a 200 day moving average price of $81.87.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $1.60 EPS for the quarter, topping 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 the consensus estimate of $1.18 billion. During the same period in the prior year, the firm posted $1.20 EPS. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. Sell-side analysts anticipate that Stifel Financial Corp. will post 6.55 EPS for the current year.

Stifel Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend was Tuesday, September 3rd. Stifel Financial’s dividend payout ratio is currently 38.18%.

Stifel Financial Company Profile

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.