Stifel Financial Corporation $SF Shares Bought by Focus Partners Wealth

Focus Partners Wealth boosted its holdings in shares of Stifel Financial Corporation (NYSE:SF) by 17.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,144 shares of the financial services provider’s stock after acquiring an additional 3,887 shares during the period. Focus Partners Wealth’s holdings in Stifel Financial were worth $2,464,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NBC Securities Inc. acquired a new position in Stifel Financial during the first quarter worth about $26,000. Alpine Bank Wealth Management acquired a new position in Stifel Financial during the first quarter worth about $27,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Stifel Financial by 123.6% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the financial services provider’s stock valued at $31,000 after buying an additional 183 shares during the last quarter. Allworth Financial LP raised its position in shares of Stifel Financial by 67.7% in the first quarter. Allworth Financial LP now owns 337 shares of the financial services provider’s stock valued at $29,000 after buying an additional 136 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in shares of Stifel Financial by 53.0% in the first quarter. Bessemer Group Inc. now owns 491 shares of the financial services provider’s stock valued at $46,000 after buying an additional 170 shares during the last quarter. Institutional investors and hedge funds own 82.01% of the company’s stock.

Stifel Financial Stock Down 1.4%

Shares of NYSE:SF opened at $113.64 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.82. Stifel Financial Corporation has a 1-year low of $73.27 and a 1-year high of $120.64. The company’s fifty day moving average is $112.40 and its two-hundred day moving average is $100.36. The stock has a market capitalization of $11.61 billion, a price-to-earnings ratio of 22.02 and a beta of 1.13.

Stifel Financial (NYSE:SF) last announced its earnings results on Wednesday, July 30th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.06. Stifel Financial had a net margin of 11.90% and a return on equity of 13.93%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the firm posted $1.60 EPS. Stifel Financial’s revenue was up 5.4% compared to the same quarter last year. Equities analysts anticipate that Stifel Financial Corporation will post 8.26 EPS for the current year.

Stifel Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 2nd. Stifel Financial’s dividend payout ratio (DPR) is presently 35.66%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Zacks Research lowered shares of Stifel Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 8th. Stifel Nicolaus set a $135.00 price objective on shares of Stifel Financial in a research report on Thursday, July 31st. JMP Securities boosted their price objective on shares of Stifel Financial from $120.00 to $130.00 and gave the company a “market outperform” rating in a research report on Monday, July 14th. Citigroup raised shares of Stifel Financial from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $115.00 to $135.00 in a research report on Thursday, July 31st. Finally, Wall Street Zen upgraded shares of Stifel Financial from a “sell” rating to a “hold” rating in a report on Sunday, August 3rd. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Stifel Financial presently has a consensus rating of “Hold” and an average target price of $115.78.

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.