Calamos Advisors LLC Boosts Position in Stifel Financial Corporation $SF

Calamos Advisors LLC lifted its holdings in shares of Stifel Financial Corporation (NYSE:SF) by 53.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,258 shares of the financial services provider’s stock after acquiring an additional 6,705 shares during the quarter. Calamos Advisors LLC’s holdings in Stifel Financial were worth $1,999,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in SF. Allworth Financial LP raised its holdings in Stifel Financial by 67.7% in the 1st quarter. Allworth Financial LP now owns 337 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 136 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in shares of Stifel Financial by 5,528.6% during the 2nd quarter. Hantz Financial Services Inc. now owns 394 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 387 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Stifel Financial by 40.8% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 466 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 135 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Stifel Financial during the first quarter valued at about $68,000. Finally, Quarry LP raised its stake in Stifel Financial by 151.9% in the first quarter. Quarry LP now owns 1,156 shares of the financial services provider’s stock worth $109,000 after buying an additional 697 shares in the last quarter. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Stock Down 2.4%

Stifel Financial stock opened at $121.98 on Friday. Stifel Financial Corporation has a 12 month low of $73.27 and a 12 month high of $125.73. The stock has a fifty day simple moving average of $114.93 and a two-hundred day simple moving average of $107.57. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28. The firm has a market cap of $12.42 billion, a price-to-earnings ratio of 21.55 and a beta of 1.19.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $1.95 EPS for the quarter, beating the consensus estimate of $1.89 by $0.06. Stifel Financial had a return on equity of 15.06% and a net margin of 12.44%.The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period last year, the firm posted $1.50 earnings per share. Stifel Financial’s revenue was up 16.7% compared to the same quarter last year. Equities analysts predict that Stifel Financial Corporation will post 8.26 EPS for the current fiscal year.

Stifel Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, December 1st. Stifel Financial’s dividend payout ratio (DPR) is presently 32.51%.

Analyst Ratings Changes

Several analysts have weighed in on SF shares. BMO Capital Markets began coverage on Stifel Financial in a research report on Friday, October 3rd. They set a “market perform” rating and a $121.00 price objective on the stock. UBS Group set a $135.00 target price on Stifel Financial in a research report on Thursday, October 9th. 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 report on Thursday, October 9th. Citigroup reaffirmed an “outperform” rating on shares of Stifel Financial in a research note on Thursday, October 9th. Finally, JPMorgan Chase & Co. increased their price objective on Stifel Financial from $125.00 to $133.00 and gave the stock a “neutral” rating in a report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $125.90.

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.