Pallas Capital Advisors LLC Buys New Holdings in Stifel Financial Corporation $SF

Pallas Capital Advisors LLC purchased a new stake in shares of Stifel Financial Corporation (NYSE:SF) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,124 shares of the financial services provider’s stock, valued at approximately $846,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Activest Wealth Management lifted its stake in shares of Stifel Financial by 12,000.0% in the 4th quarter. Activest Wealth Management now owns 242 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 240 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Stifel Financial during the 3rd quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd acquired a new stake in Stifel Financial during the 4th quarter worth approximately $34,000. Cullen Frost Bankers Inc. purchased a new position in Stifel Financial in the fourth quarter valued at approximately $50,000. Finally, BOKF NA raised its holdings in Stifel Financial by 1,626.9% in the third quarter. BOKF NA now owns 449 shares of the financial services provider’s stock valued at $51,000 after buying an additional 423 shares during the period. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Stifel Financial news, Director Maryam S. Brown sold 4,700 shares of the company’s stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $79.20, for a total value of $372,240.00. Following the transaction, the director directly owned 5,729 shares of the company’s stock, valued at $453,736.80. This represents a 45.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.36% of the stock is currently owned by insiders.

Stifel Financial Stock Performance

NYSE:SF opened at $83.76 on Wednesday. The firm has a 50-day moving average of $77.61 and a two-hundred day moving average of $76.46. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.88 and a quick ratio of 0.83. The stock has a market cap of $12.65 billion, a P/E ratio of 14.99 and a beta of 0.99. Stifel Financial Corporation has a 1-year low of $67.81 and a 1-year high of $89.83.

Stifel Financial (NYSE:SF) last announced its earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.09. Stifel Financial had a return on equity of 19.22% and a net margin of 16.11%.The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the company earned $1.71 earnings per share. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, research analysts expect that Stifel Financial Corporation will post 6.36 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.34 per share. The ex-dividend date is Tuesday, September 1st. This represents a $1.36 annualized dividend and a yield of 1.6%. Stifel Financial’s payout ratio is currently 24.33%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SF. JPMorgan Chase & Co. lifted their target price on shares of Stifel Financial from $80.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday, May 29th. Zacks Research upgraded Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. UBS Group set a $90.00 target price on Stifel Financial in a report on Thursday, July 23rd. Finally, Wall Street Zen lowered Stifel Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Stifel Financial has a consensus rating of “Moderate Buy” and a consensus price target of $91.90.

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.