GAMMA Investing LLC Acquires 1,121 Shares of Stifel Financial Corporation $SF

GAMMA Investing LLC raised its holdings in Stifel Financial Corporation (NYSE:SF) by 24.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,630 shares of the financial services provider’s stock after purchasing an additional 1,121 shares during the quarter. GAMMA Investing LLC’s holdings in Stifel Financial were worth $584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in SF. NBC Securities Inc. bought a new position in Stifel Financial during the first quarter valued at about $26,000. Alpine Bank Wealth Management bought a new position in shares of Stifel Financial during the 1st quarter valued at approximately $27,000. Allworth Financial LP grew its position in shares of Stifel Financial by 67.7% during the 1st quarter. Allworth Financial LP now owns 337 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 136 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in shares of Stifel Financial by 123.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 183 shares during the period. Finally, Bessemer Group Inc. grew its position in shares of Stifel Financial by 53.0% during the 1st quarter. Bessemer Group Inc. now owns 491 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 170 shares during the period. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Stock Performance

Shares of SF opened at $111.88 on Friday. Stifel Financial Corporation has a 12-month low of $73.27 and a 12-month high of $120.64. The company has a market cap of $11.43 billion, a PE ratio of 21.68 and a beta of 1.13. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28. The stock has a 50-day moving average price of $113.22 and a 200-day moving average price of $101.19.

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

Stifel Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $1.84 dividend on an annualized basis and a yield of 1.6%. Stifel Financial’s dividend payout ratio is presently 35.66%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SF shares. Citigroup raised Stifel Financial from a “neutral” rating to a “buy” rating and increased their price objective for the company from $115.00 to $135.00 in a report on Thursday, July 31st. Wall Street Zen upgraded Stifel Financial from a “sell” rating to a “hold” rating in a research note on Sunday, August 3rd. Zacks Research downgraded Stifel Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 8th. Stifel Nicolaus set a $135.00 target price on shares of Stifel Financial in a research report on Thursday, July 31st. Finally, Wells Fargo & Company increased their target price on shares of Stifel Financial from $102.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company 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.