Stifel Financial Corporation $SF Shares Sold by Brandywine Oak Private Wealth LLC

Brandywine Oak Private Wealth LLC trimmed its holdings in shares of Stifel Financial Corporation (NYSE:SF) by 1.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 58,307 shares of the financial services provider’s stock after selling 1,008 shares during the period. Stifel Financial accounts for 0.6% of Brandywine Oak Private Wealth LLC’s portfolio, making the stock its 27th biggest position. Brandywine Oak Private Wealth LLC owned approximately 0.06% of Stifel Financial worth $6,051,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. NBC Securities Inc. acquired a new stake in shares of Stifel Financial during the first quarter worth $26,000. Alpine Bank Wealth Management acquired a new stake in shares of Stifel Financial during the first quarter worth $27,000. Allworth Financial LP raised its holdings in shares of Stifel Financial by 67.7% during the first quarter. Allworth Financial LP now owns 337 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 136 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Stifel Financial by 40.8% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 466 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 135 shares during the period. Finally, Bessemer Group Inc. raised its holdings in shares of Stifel Financial by 53.0% during the first quarter. Bessemer Group Inc. now owns 491 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 170 shares during the period. 82.01% of the stock is owned by institutional investors and hedge funds.

Stifel Financial Stock Performance

NYSE:SF opened at $111.30 on Friday. Stifel Financial Corporation has a twelve month low of $73.27 and a twelve month high of $120.64. 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 has a 50-day moving average of $113.46 and a 200-day moving average of $102.28. The firm has a market cap of $11.37 billion, a price-to-earnings ratio of 21.57 and a beta of 1.13.

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

Stifel Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.46 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $1.84 annualized dividend and a dividend yield of 1.7%. Stifel Financial’s dividend payout ratio (DPR) is 35.66%.

Analysts Set New Price Targets

SF has been the topic of a number of research reports. UBS Group set a $135.00 target price on shares of Stifel Financial in a report on Thursday. Wells Fargo & Company upped their price target 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. TD Cowen upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating and upped their price target for the stock from $118.00 to $131.00 in a research report on Wednesday. JMP Securities upped their price target on shares of Stifel Financial from $130.00 to $135.00 and gave the stock a “market outperform” rating in a research report on Thursday. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Stifel Financial in a research report on Wednesday. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $122.60.

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.