Stifel Financial Corporation $SF Shares Purchased by Moran Wealth Management LLC

Moran Wealth Management LLC raised its position in Stifel Financial Corporation (NYSE:SF) by 49.3% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 204,372 shares of the financial services provider’s stock after purchasing an additional 67,478 shares during the period. Moran Wealth Management LLC’s holdings in Stifel Financial were worth $15,107,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SF. Horizon Investments LLC lifted its stake in shares of Stifel Financial by 146.7% in the fourth quarter. Horizon Investments LLC now owns 63,089 shares of the financial services provider’s stock worth $7,900,000 after buying an additional 37,516 shares in the last quarter. Strs Ohio grew its stake in Stifel Financial by 25.8% during the 4th quarter. Strs Ohio now owns 72,168 shares of the financial services provider’s stock valued at $9,037,000 after acquiring an additional 14,779 shares in the last quarter. Brandywine Oak Private Wealth LLC grew its stake in Stifel Financial by 40.0% during the 1st quarter. Brandywine Oak Private Wealth LLC now owns 66,682 shares of the financial services provider’s stock valued at $4,929,000 after acquiring an additional 19,053 shares in the last quarter. New Age Alpha Advisors LLC grew its stake in Stifel Financial by 38.2% during the 4th quarter. New Age Alpha Advisors LLC now owns 55,946 shares of the financial services provider’s stock valued at $7,006,000 after acquiring an additional 15,470 shares in the last quarter. Finally, Polianta Ltd acquired a new stake in Stifel Financial in the 1st quarter valued at about $1,522,000. Institutional investors and hedge funds own 82.01% of the company’s stock.

Analyst Upgrades and Downgrades

SF has been the topic of a number of research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Stifel Financial in a research note on Friday, May 29th. TD Cowen dropped their price target on Stifel Financial from $136.00 to $92.00 and set a “hold” rating for the company in a research report on Monday, March 23rd. Zacks Research raised Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, UBS Group reduced their price objective on Stifel Financial from $100.00 to $89.00 and set a “buy” rating on the stock in a research report on Wednesday, April 8th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $91.15.

Stifel Financial Trading Down 0.1%

Shares of SF opened at $73.12 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. Stifel Financial Corporation has a 12-month low of $67.81 and a 12-month high of $89.83. The firm has a 50-day moving average price of $73.23 and a 200 day moving average price of $77.65. The firm has a market capitalization of $11.22 billion, a P/E ratio of 14.23 and a beta of 1.01.

Stifel Financial (NYSE:SF) last issued its earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. Stifel Financial had a net margin of 15.34% and a return on equity of 18.76%. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the previous year, the firm earned $0.49 earnings per share. Stifel Financial’s quarterly revenue was up 17.7% compared to the same quarter last year. Sell-side analysts forecast that Stifel Financial Corporation will post 6.25 EPS for the current year.

Stifel Financial Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a dividend of $0.34 per share. The ex-dividend date was Monday, June 1st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.9%. Stifel Financial’s dividend payout ratio (DPR) is currently 26.46%.

Stifel Financial Company Profile

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.