B. Riley Wealth Advisors Inc. Purchases New Holdings in Stifel Financial Corporation $SF

B. Riley Wealth Advisors Inc. bought a new stake in Stifel Financial Corporation (NYSE:SF) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,551 shares of the financial services provider’s stock, valued at approximately $680,000.

Several other hedge funds have also recently added to or reduced their stakes in SF. Hantz Financial Services Inc. increased its holdings in shares of Stifel Financial by 5,528.6% in the second quarter. Hantz Financial Services Inc. now owns 394 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 387 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in 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. Allworth Financial LP raised its stake in Stifel Financial by 43.6% in the 2nd quarter. Allworth Financial LP now owns 484 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 147 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Stifel Financial during the 1st quarter worth about $68,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Stifel Financial by 106.8% during the second quarter. EverSource Wealth Advisors LLC now owns 974 shares of the financial services provider’s stock worth $101,000 after acquiring an additional 503 shares during the period. Institutional investors and hedge funds own 82.01% of the company’s stock.

Stifel Financial Trading Down 0.5%

Shares of SF opened at $127.56 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.84 and a quick ratio of 0.79. Stifel Financial Corporation has a 1-year low of $73.27 and a 1-year high of $133.08. The company has a 50-day moving average of $119.23 and a 200 day moving average of $112.58. The firm has a market capitalization of $12.99 billion, a price-to-earnings ratio of 22.54 and a beta of 1.14.

Stifel Financial (NYSE:SF) last issued its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.06. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Stifel Financial had a return on equity of 14.95% and a net margin of 12.44%.The company’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.50 EPS. On average, research analysts expect that Stifel Financial Corporation will post 8.26 EPS for the current year.

Stifel Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a $0.46 dividend. The ex-dividend date was Monday, December 1st. This represents a $1.84 annualized dividend and a yield of 1.4%. Stifel Financial’s dividend payout ratio is 32.51%.

Analyst Upgrades and Downgrades

SF has been the subject of a number of recent analyst reports. UBS Group set a $150.00 price target on shares of Stifel Financial and gave the stock a “buy” rating in a report on Thursday, December 11th. BMO Capital Markets initiated coverage on Stifel Financial in a report on Friday, October 3rd. They issued a “market perform” rating and a $121.00 target price on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Stifel Financial in a research note on Wednesday, October 8th. Stifel Nicolaus set a $131.00 price objective on shares of Stifel Financial in a research report on Wednesday, October 8th. Finally, Cowen upgraded Stifel Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $127.40.

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.