Kingsview Wealth Management LLC Buys New Position in Stifel Financial Corporation $SF

Kingsview Wealth Management LLC purchased a new position in shares of Stifel Financial Corporation (NYSE:SF) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 62,766 shares of the financial services provider’s stock, valued at approximately $4,379,000.

Several other institutional investors also recently added to or reduced their stakes in SF. Empowered Funds LLC purchased a new stake in Stifel Financial in the second quarter valued at approximately $571,000. United Capital Financial Advisors LLC purchased a new position in shares of Stifel Financial during the second quarter worth approximately $1,007,000. Caitlin John LLC purchased a new position in shares of Stifel Financial during the second quarter worth approximately $41,000. Public Employees Retirement System of Ohio acquired a new position in shares of Stifel Financial in the 2nd quarter valued at $3,456,000. Finally, Capstone Investment Advisors LLC acquired a new position in shares of Stifel Financial in the 2nd quarter valued at $254,000. Institutional investors and hedge funds own 82.01% of the company’s stock.

Stifel Financial Price Performance

Stifel Financial stock opened at $81.31 on Friday. 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 business has a 50 day simple moving average of $78.90 and a 200-day simple moving average of $76.33. Stifel Financial Corporation has a 12 month low of $67.81 and a 12 month high of $89.83. The stock has a market capitalization of $12.28 billion, a PE ratio of 14.55 and a beta of 0.99.

Stifel Financial (NYSE:SF) last posted its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 16.11% and a return on equity of 19.22%. Stifel Financial’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the firm posted $1.71 EPS. Equities analysts predict that Stifel Financial Corporation will post 6.36 earnings per share for the current year.

Stifel Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Tuesday, September 1st. Stifel Financial’s dividend payout ratio (DPR) is 24.33%.

Analyst Ratings Changes

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

Insider Activity at Stifel Financial

In other news, Director Maryam S. Brown sold 4,700 shares of Stifel Financial stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $79.20, for a total value of $372,240.00. Following the sale, the director owned 5,729 shares of the company’s stock, valued at $453,736.80. The trade was a 45.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.36% of the company’s stock.

Stifel Financial 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.