Stifel Financial Corporation $SF Shares Sold by Venturi Wealth Management LLC

Venturi Wealth Management LLC lowered its stake in Stifel Financial Corporation (NYSE:SF) by 15.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,683 shares of the financial services provider’s stock after selling 866 shares during the quarter. Venturi Wealth Management LLC’s holdings in Stifel Financial were worth $486,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. OLD National Bancorp IN purchased a new position in shares of Stifel Financial during the 2nd quarter worth approximately $243,000. Hilltop National Bank acquired a new stake in Stifel Financial in the 2nd quarter valued at about $156,000. Truist Financial Corp raised its position in Stifel Financial by 2.7% in the 2nd quarter. Truist Financial Corp now owns 45,155 shares of the financial services provider’s stock valued at $4,686,000 after purchasing an additional 1,192 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Stifel Financial by 14.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 12,021 shares of the financial services provider’s stock valued at $1,248,000 after purchasing an additional 1,516 shares in the last quarter. Finally, Covenant Asset Management LLC acquired a new stake in Stifel Financial in the 2nd quarter valued at about $3,152,000. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Stifel Financial Trading Down 0.4%

Shares of Stifel Financial stock opened at $111.30 on Friday. Stifel Financial Corporation has a 1 year low of $73.27 and a 1 year 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. The company has a market capitalization of $11.37 billion, a P/E ratio of 21.57 and a beta of 1.13. The company’s fifty day moving average is $113.46 and its two-hundred day moving average is $102.28.

Stifel Financial (NYSE:SF) last issued its quarterly earnings data 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. 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 for the quarter, compared to the consensus estimate of $1.25 billion. During the same period last year, the firm posted $1.60 EPS. Stifel Financial’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 year.

Stifel Financial Announces Dividend

The firm also recently disclosed 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. This represents a $1.84 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, September 2nd. Stifel Financial’s dividend payout ratio (DPR) is presently 35.66%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SF shares. JMP Securities increased their price objective on shares of Stifel Financial from $130.00 to $135.00 and gave the company a “market outperform” rating in a research report on Thursday. Wells Fargo & Company raised their price objective on shares of Stifel Financial from $102.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, July 11th. Cowen upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating in a report on Wednesday. Wall Street Zen upgraded shares of Stifel Financial from a “sell” rating to a “hold” rating in a report on Sunday, August 3rd. Finally, BMO Capital Markets began coverage on shares of Stifel Financial in a report on Friday, October 3rd. They issued a “market perform” rating and a $121.00 price objective on the stock. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Stifel Financial currently has a consensus rating of “Moderate Buy” and an average 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.