Stifel Financial Corporation $SF Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC decreased its stake in shares of Stifel Financial Corporation (NYSE:SF) by 45.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,303 shares of the financial services provider’s stock after selling 1,071 shares during the period. TD Private Client Wealth LLC’s holdings in Stifel Financial were worth $135,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in SF. NBC Securities Inc. purchased a new stake in Stifel Financial during the first quarter valued at about $26,000. Alpine Bank Wealth Management acquired a new position in shares of Stifel Financial during the first quarter worth about $27,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Stifel Financial by 123.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 183 shares in the last quarter. Allworth Financial LP lifted its stake 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 worth $29,000 after acquiring an additional 136 shares in the last quarter. Finally, Bessemer Group Inc. lifted its stake 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 worth $46,000 after acquiring an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Stifel Financial Price Performance

SF stock opened at $114.77 on Tuesday. The company has a fifty day moving average price of $113.44 and a 200-day moving average price of $101.57. The company has a market capitalization of $11.73 billion, a P/E ratio of 22.24 and a beta of 1.13. Stifel Financial Corporation has a 52-week low of $73.27 and a 52-week high of $120.64. 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 (NYSE:SF) last announced its earnings results on Wednesday, July 30th. The financial services provider reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.06. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. Stifel Financial had a net margin of 11.90% and a return on equity of 13.93%. Stifel Financial’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.60 earnings per share. As a group, equities analysts expect that Stifel Financial Corporation will post 8.26 EPS for the current year.

Stifel Financial Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts recently commented on SF shares. Wells Fargo & Company boosted their price target on Stifel Financial from $102.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. Stifel Nicolaus set a $135.00 target price on Stifel Financial in a report on Thursday, July 31st. Wall Street Zen raised Stifel Financial from a “sell” rating to a “hold” rating in a report on Sunday, August 3rd. Citigroup raised Stifel Financial from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $115.00 to $135.00 in a report on Thursday, July 31st. Finally, JMP Securities upped their target price on Stifel Financial from $120.00 to $130.00 and gave the stock a “market outperform” rating in a research report on Monday, July 14th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Stifel Financial has an average rating of “Hold” and a consensus target price of $115.78.

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.