Beverly Hills Private Wealth LLC Boosts Stake in Stifel Financial Corporation $SF

Beverly Hills Private Wealth LLC raised its position in shares of Stifel Financial Corporation (NYSE:SF) by 5.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,582 shares of the financial services provider’s stock after acquiring an additional 1,899 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Stifel Financial were worth $3,796,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Stifel Financial during the second quarter valued at about $1,110,000. Kraft Davis & Associates LLC purchased a new stake in Stifel Financial during the second quarter valued at about $244,000. Moran Wealth Management LLC lifted its stake in shares of Stifel Financial by 1.0% during the second quarter. Moran Wealth Management LLC now owns 109,344 shares of the financial services provider’s stock worth $11,348,000 after purchasing an additional 1,135 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Stifel Financial during the second quarter worth about $606,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Stifel Financial by 10.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 93,351 shares of the financial services provider’s stock worth $9,826,000 after purchasing an additional 8,951 shares in the last quarter. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Analysts Set New Price Targets

SF has been the topic of a number of recent research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Stifel Financial in a research note on Wednesday, October 8th. TD Cowen upgraded Stifel Financial from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $118.00 to $131.00 in a research note on Wednesday, October 8th. UBS Group set a $135.00 price objective on Stifel Financial in a research note on Thursday, October 9th. Wall Street Zen upgraded Stifel Financial from a “sell” rating to a “hold” rating in a research note on Sunday, August 3rd. Finally, BMO Capital Markets initiated coverage on Stifel Financial in a research note on Friday, October 3rd. They issued a “market perform” rating and a $121.00 price target 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.com, Stifel Financial has an average rating of “Moderate Buy” and a consensus price target of $122.60.

Stifel Financial Stock Up 1.7%

NYSE:SF opened at $110.26 on Monday. The firm has a market capitalization of $11.27 billion, a PE ratio of 21.37 and a beta of 1.13. The stock has a 50 day moving average of $113.23 and a 200-day moving average of $102.97. Stifel Financial Corporation has a 52 week low of $73.27 and a 52 week 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.

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 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 during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the company posted $1.60 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. Analysts predict that Stifel Financial Corporation will post 8.26 EPS for the current year.

Stifel Financial Dividend Announcement

The business 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. 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 dividend payout ratio is 35.66%.

Stifel Financial 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.