Janney Montgomery Scott LLC Purchases 1,516 Shares of Stifel Financial Corporation $SF

Janney Montgomery Scott LLC boosted its position in Stifel Financial Corporation (NYSE:SF) by 14.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,021 shares of the financial services provider’s stock after buying an additional 1,516 shares during the period. Janney Montgomery Scott LLC’s holdings in Stifel Financial were worth $1,248,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. NBC Securities Inc. bought a new stake in Stifel Financial in the 1st quarter valued at about $26,000. Alpine Bank Wealth Management bought a new stake in Stifel Financial in the 1st quarter valued at about $27,000. Allworth Financial LP increased its position in Stifel Financial by 67.7% in the 1st quarter. Allworth Financial LP now owns 337 shares of the financial services provider’s stock valued at $29,000 after buying an additional 136 shares in the last quarter. Bessemer Group Inc. increased its position in Stifel Financial by 53.0% in the 1st quarter. Bessemer Group Inc. now owns 491 shares of the financial services provider’s stock valued at $46,000 after buying an additional 170 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in Stifel Financial by 40.8% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 466 shares of the financial services provider’s stock valued at $48,000 after buying an additional 135 shares in the last quarter. 82.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SF has been the subject of a number of research analyst reports. Wall Street Zen raised Stifel Financial from a “sell” rating to a “hold” rating in a research report on Sunday, August 3rd. TD Cowen upgraded Stifel Financial from a “hold” rating to a “buy” rating and lifted their price target for the company from $118.00 to $131.00 in a research note on Wednesday, October 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Stifel Financial in a research note on Wednesday, October 8th. BMO Capital Markets began coverage on Stifel Financial in a research note on Friday, October 3rd. They set a “market perform” rating and a $121.00 price target for the company. Finally, JMP Securities lifted their price target on Stifel Financial from $130.00 to $135.00 and gave the company a “market outperform” rating in a research note on Thursday. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $122.60.

Stifel Financial Price Performance

Shares of NYSE SF opened at $107.18 on Monday. Stifel Financial Corporation has a twelve month low of $73.27 and a twelve month high of $120.64. The stock’s 50 day moving average price is $113.38 and its 200-day moving average price is $102.37. The company has a market capitalization of $10.95 billion, a PE ratio of 20.77 and a beta of 1.13. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 0.28.

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. Stifel Financial had a return on equity of 13.93% and a net margin of 11.90%.The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the business earned $1.60 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. On average, equities analysts anticipate that Stifel Financial Corporation will post 8.26 EPS for the current year.

Stifel Financial Announces Dividend

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

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.