Inceptionr LLC Lowers Holdings in Stifel Financial Corporation $SF

Inceptionr LLC trimmed its position in Stifel Financial Corporation (NYSE:SF) by 52.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,396 shares of the financial services provider’s stock after selling 7,024 shares during the period. Inceptionr LLC’s holdings in Stifel Financial were worth $473,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in SF. NewEdge Advisors LLC raised its position in shares of Stifel Financial by 5.8% in the first quarter. NewEdge Advisors LLC now owns 2,673 shares of the financial services provider’s stock worth $252,000 after buying an additional 147 shares in the last quarter. Jones Financial Companies Lllp grew its position in Stifel Financial by 1,162.6% during the first quarter. Jones Financial Companies Lllp now owns 2,702 shares of the financial services provider’s stock worth $255,000 after buying an additional 2,488 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Stifel Financial by 106.8% in the 2nd 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 last quarter. First Trust Advisors LP increased its stake in Stifel Financial by 86.5% in the 2nd quarter. First Trust Advisors LP now owns 128,630 shares of the financial services provider’s stock worth $13,349,000 after acquiring an additional 59,662 shares during the last quarter. Finally, Amundi increased its stake in Stifel Financial by 51.0% in the 2nd quarter. Amundi now owns 31,906 shares of the financial services provider’s stock worth $3,425,000 after acquiring an additional 10,771 shares during the last quarter. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on Stifel Financial from $80.00 to $86.00 and gave the company a “neutral” rating in a research report on Thursday. Weiss Ratings restated a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday, May 29th. Zacks Research raised shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, UBS Group set a $90.00 target price on shares of Stifel Financial in a research report on Thursday. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.67.

Stifel Financial Trading Down 0.1%

Shares of SF stock opened at $80.70 on Monday. The business has a 50-day moving average price of $73.36 and a two-hundred day moving average price of $76.75. Stifel Financial Corporation has a 12-month low of $67.81 and a 12-month high of $89.83. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.29. The firm has a market cap of $12.38 billion, a P/E ratio of 14.44 and a beta of 1.01.

Stifel Financial (NYSE:SF) last announced its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $1.42 EPS for the quarter, beating the consensus estimate of $1.33 by $0.09. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. Stifel Financial had a return on equity of 19.32% and a net margin of 16.11%.The company’s revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.71 EPS. Equities analysts anticipate that Stifel Financial Corporation will post 6.29 EPS for the current fiscal year.

Stifel Financial Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Monday, June 1st. Stifel Financial’s dividend payout ratio (DPR) is presently 24.33%.

About Stifel Financial

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.