Stanley Laman Group Ltd. Has $3.40 Million Stake in Stifel Financial Corporation $SF

Stanley Laman Group Ltd. reduced its position in Stifel Financial Corporation (NYSE:SF) by 6.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 32,783 shares of the financial services provider’s stock after selling 2,296 shares during the period. Stanley Laman Group Ltd.’s holdings in Stifel Financial were worth $3,402,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SF. Zurich Insurance Group Ltd FI bought a new position in shares of Stifel Financial during the 1st quarter worth approximately $1,386,000. Cambridge Investment Research Advisors Inc. bought a new stake in Stifel Financial in the first quarter worth $361,000. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Stifel Financial during the first quarter valued at about $1,648,000. GAMMA Investing LLC increased its position in shares of Stifel Financial by 401.0% during the first quarter. GAMMA Investing LLC now owns 4,509 shares of the financial services provider’s stock valued at $425,000 after buying an additional 3,609 shares during the period. Finally, Stratos Wealth Partners LTD. lifted its holdings in shares of Stifel Financial by 3.0% during the first quarter. Stratos Wealth Partners LTD. now owns 4,328 shares of the financial services provider’s stock valued at $408,000 after purchasing an additional 127 shares during the last quarter. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Trading Up 1.7%

Shares of SF stock opened at $110.26 on Friday. The stock has a market cap of $11.27 billion, a price-to-earnings ratio of 21.37 and a beta of 1.13. 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 Corporation has a twelve month low of $73.27 and a twelve month high of $120.64. The company’s 50-day moving average price is $113.23 and its 200-day moving average price is $102.81.

Stifel Financial (NYSE:SF) last issued its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.06. Stifel Financial had a return on equity of 13.93% and a net margin of 11.90%.The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the business earned $1.60 EPS. Stifel Financial’s revenue was up 5.4% on a year-over-year basis. As a group, equities analysts predict that Stifel Financial Corporation will post 8.26 earnings per share for the current year.

Stifel Financial Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Stifel Financial in a research report on Wednesday, October 8th. BMO Capital Markets assumed coverage on shares of Stifel Financial in a research note on Friday, October 3rd. They set a “market perform” rating and a $121.00 price objective for the company. Wall Street Zen upgraded Stifel Financial from a “sell” rating to a “hold” rating in a report on Sunday, August 3rd. TD Cowen raised Stifel Financial from a “hold” rating to a “buy” rating and increased their price objective for the stock from $118.00 to $131.00 in a research note on Wednesday, October 8th. Finally, Citigroup reissued an “outperform” rating on shares of Stifel Financial in a research report on Thursday, October 9th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Stifel Financial has an average rating of “Moderate Buy” and an average price target of $122.60.

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.