Ballentine Partners LLC Invests $223,000 in Stifel Financial Corporation $SF

Ballentine Partners LLC purchased a new stake in shares of Stifel Financial Corporation (NYSE:SF) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,150 shares of the financial services provider’s stock, valued at approximately $223,000.

Other institutional investors also recently added to or reduced their stakes in the company. Zurich Insurance Group Ltd FI bought a new position in Stifel Financial during the first quarter valued at about $1,386,000. Cambridge Investment Research Advisors Inc. bought a new position in Stifel Financial during the first quarter valued at about $361,000. Sumitomo Mitsui Trust Group Inc. bought a new position in Stifel Financial during the first quarter valued at about $1,648,000. GAMMA Investing LLC grew its position in Stifel Financial by 401.0% during the first quarter. GAMMA Investing LLC now owns 4,509 shares of the financial services provider’s stock valued at $425,000 after buying an additional 3,609 shares during the period. Finally, Stratos Wealth Partners LTD. grew its position in Stifel Financial by 3.0% during the first quarter. Stratos Wealth Partners LTD. now owns 4,328 shares of the financial services provider’s stock valued at $408,000 after buying an additional 127 shares during the period. Institutional investors own 82.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SF shares. Wall Street Zen upgraded shares of Stifel Financial from a “sell” rating to a “hold” rating in a research report on Sunday, August 3rd. JMP Securities increased their price target 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 upgraded shares of Stifel Financial from a “neutral” rating to a “buy” rating and increased their target price for the stock from $115.00 to $135.00 in a research report on Thursday, July 31st. Zacks Research lowered shares of Stifel Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 8th. Finally, Stifel Nicolaus set a $135.00 target price on shares of Stifel Financial in a research report on Thursday, July 31st. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $115.78.

Stifel Financial Trading Up 0.1%

Shares of Stifel Financial stock opened at $114.77 on Tuesday. 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 $11.73 billion, a price-to-earnings ratio of 22.24 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 company’s 50-day moving average price is $113.44 and its 200-day moving average price is $101.57.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the prior year, the firm posted $1.60 earnings per share. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities analysts expect that Stifel Financial Corporation will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

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

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.