Stifel Financial Corporation $SF Shares Sold by Ethic Inc.

Ethic Inc. lowered its holdings in Stifel Financial Corporation (NYSE:SF) by 44.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,424 shares of the financial services provider’s stock after selling 2,791 shares during the quarter. Ethic Inc.’s holdings in Stifel Financial were worth $355,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Bank of New Hampshire lifted its holdings in Stifel Financial by 1.0% in the second quarter. Bank of New Hampshire now owns 9,639 shares of the financial services provider’s stock valued at $1,000,000 after acquiring an additional 100 shares during the period. Securian Asset Management Inc. lifted its holdings in Stifel Financial by 1.3% in the second quarter. Securian Asset Management Inc. now owns 7,837 shares of the financial services provider’s stock valued at $813,000 after acquiring an additional 100 shares during the period. Journey Strategic Wealth LLC lifted its holdings in Stifel Financial by 4.2% in the first quarter. Journey Strategic Wealth LLC now owns 2,907 shares of the financial services provider’s stock valued at $274,000 after acquiring an additional 117 shares during the period. Stratos Wealth Partners LTD. lifted its holdings in Stifel Financial by 3.0% in the first quarter. Stratos Wealth Partners LTD. now owns 4,328 shares of the financial services provider’s stock valued at $408,000 after acquiring an additional 127 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in Stifel Financial by 40.8% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 466 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 135 shares during the period. Institutional investors and hedge funds own 82.01% of the company’s stock.

Analysts Set New Price Targets

SF has been the subject of several research reports. Stifel Nicolaus set a $131.00 price target on Stifel Financial in a research note on Wednesday, October 8th. Cowen upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised their target price on shares of Stifel Financial from $125.00 to $133.00 and gave the company a “neutral” rating in a report on Thursday, October 23rd. Wells Fargo & Company raised their target price 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. Finally, UBS Group set a $135.00 target price on shares of Stifel Financial in a report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Stifel Financial currently has a consensus rating of “Moderate Buy” and an average target price of $125.90.

Stifel Financial Stock Performance

Shares of NYSE SF opened at $117.42 on Thursday. The company has a market cap of $12.00 billion, a PE ratio of 20.75 and a beta of 1.13. Stifel Financial Corporation has a 12 month low of $73.27 and a 12 month high of $120.97. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.82 and a quick ratio of 0.77. The company has a 50-day simple moving average of $113.65 and a 200-day simple moving average of $104.96.

Stifel Financial (NYSE:SF) last issued its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.06. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.33 billion. Stifel Financial had a net margin of 12.44% and a return on equity of 15.06%. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.50 earnings per share. On average, equities analysts anticipate that Stifel Financial Corporation will post 8.26 earnings per share for the current year.

Stifel Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $0.46 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.6%. Stifel Financial’s payout ratio is 32.51%.

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.