Farther Finance Advisors LLC Sells 754 Shares of Stifel Financial Corporation $SF

Farther Finance Advisors LLC cut its stake in Stifel Financial Corporation (NYSE:SF) by 64.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 415 shares of the financial services provider’s stock after selling 754 shares during the quarter. Farther Finance Advisors LLC’s holdings in Stifel Financial were worth $43,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in SF. AQR Capital Management LLC lifted its holdings in shares of Stifel Financial by 314.1% in the first quarter. AQR Capital Management LLC now owns 1,383,836 shares of the financial services provider’s stock worth $126,925,000 after buying an additional 1,049,665 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Stifel Financial by 529.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 398,633 shares of the financial services provider’s stock worth $37,576,000 after purchasing an additional 335,257 shares in the last quarter. Nuveen LLC bought a new position in Stifel Financial in the 1st quarter valued at $28,564,000. Vanguard Group Inc. grew its position in shares of Stifel Financial by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 10,620,407 shares of the financial services provider’s stock valued at $1,001,080,000 after purchasing an additional 217,415 shares in the last quarter. Finally, Moran Wealth Management LLC purchased a new position in shares of Stifel Financial during the 1st quarter valued at $10,200,000. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company increased their price objective on Stifel Financial from $102.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. Citigroup raised Stifel Financial from a “neutral” rating to a “buy” rating and raised their price target 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 report on Sunday, August 3rd. Stifel Nicolaus set a $135.00 price objective on Stifel Financial in a report on Thursday, July 31st. Finally, BMO Capital Markets started coverage on shares of Stifel Financial in a research report on Friday. They issued a “market perform” rating and a $121.00 price objective on the stock. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Stifel Financial presently has an average rating of “Hold” and an average target price of $116.30.

Stifel Financial Trading Up 1.7%

NYSE SF opened at $113.28 on Tuesday. The firm has a market cap of $11.57 billion, a PE ratio of 21.95 and a beta of 1.13. Stifel Financial Corporation has a 1-year low of $73.27 and a 1-year high of $120.64. The stock has a 50-day moving average of $113.54 and a 200-day moving average of $102.09. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.06. Stifel Financial had a return on equity of 13.93% and a net margin of 11.90%.The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the previous year, the firm earned $1.60 EPS. The business’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, sell-side analysts forecast that Stifel Financial Corporation will post 8.26 EPS for the current year.

Stifel Financial Dividend Announcement

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