Walleye Capital LLC Purchases 161,984 Shares of Stifel Financial Corporation $SF

Walleye Capital LLC boosted its holdings in Stifel Financial Corporation (NYSE:SF) by 59.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 436,350 shares of the financial services provider’s stock after buying an additional 161,984 shares during the period. Walleye Capital LLC owned 0.43% of Stifel Financial worth $45,284,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SF. Bank of New Hampshire grew its position in shares of Stifel Financial by 1.0% during the second quarter. Bank of New Hampshire now owns 9,639 shares of the financial services provider’s stock worth $1,000,000 after purchasing an additional 100 shares in the last quarter. Securian Asset Management Inc. grew its holdings in Stifel Financial by 1.3% during the 2nd quarter. Securian Asset Management Inc. now owns 7,837 shares of the financial services provider’s stock valued at $813,000 after buying an additional 100 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Stifel Financial by 2.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,085 shares of the financial services provider’s stock valued at $424,000 after buying an additional 108 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of 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 valued at $48,000 after buying an additional 135 shares during the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of Stifel Financial by 43.6% in the second quarter. Allworth Financial LP now owns 484 shares of the financial services provider’s stock worth $50,000 after buying an additional 147 shares in the last quarter. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SF. TD Cowen upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating and lifted their price target for the company from $118.00 to $131.00 in a report on Wednesday, October 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Stifel Financial in a report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their target price on Stifel Financial from $125.00 to $133.00 and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. UBS Group set a $135.00 price target on Stifel Financial in a report on Thursday, October 9th. Finally, BMO Capital Markets began coverage on Stifel Financial in a research note on Friday, October 3rd. They issued a “market perform” rating and a $121.00 price objective on the stock. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $125.90.

Stifel Financial Trading Up 2.2%

SF opened at $122.94 on Thursday. The stock has a 50-day moving average of $116.51 and a 200 day moving average of $110.39. The company has a current ratio of 0.84, a quick ratio of 0.79 and a debt-to-equity ratio of 0.28. Stifel Financial Corporation has a 12 month low of $73.27 and a 12 month high of $125.73. The firm has a market cap of $12.52 billion, a P/E ratio of 21.72 and a beta of 1.14.

Stifel Financial (NYSE:SF) last posted 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 analyst estimates 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 period last year, the company earned $1.50 EPS. As a group, research analysts forecast that Stifel Financial Corporation will post 8.26 EPS for the current year.

Stifel Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, December 1st. Stifel Financial’s payout ratio is presently 32.51%.

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.