Stifel Financial Corporation $SF Stake Lifted by Meramec Financial Planners LLC

Meramec Financial Planners LLC boosted its stake in Stifel Financial Corporation (NYSE:SF) by 50.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,533 shares of the financial services provider’s stock after buying an additional 12,511 shares during the period. Stifel Financial accounts for approximately 1.2% of Meramec Financial Planners LLC’s investment portfolio, making the stock its 22nd largest holding. Meramec Financial Planners LLC’s holdings in Stifel Financial were worth $3,065,000 at the end of the most recent reporting period.

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

Stifel Financial Stock Down 0.1%

Stifel Financial stock opened at $73.12 on Friday. The stock has a market cap of $11.22 billion, a price-to-earnings ratio of 14.23 and a beta of 1.01. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The company’s 50-day moving average price is $73.23 and its two-hundred day moving average price is $77.65. Stifel Financial Corporation has a 52 week low of $67.81 and a 52 week high of $89.83.

Stifel Financial (NYSE:SF) last released its quarterly 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. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.51 billion. Stifel Financial had a net margin of 15.34% and a return on equity of 18.76%. Stifel Financial’s revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 EPS. On average, analysts expect that Stifel Financial Corporation will post 6.25 EPS for the current fiscal year.

Stifel Financial Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.36 annualized dividend and a yield of 1.9%. Stifel Financial’s payout ratio is presently 26.46%.

Analyst Ratings Changes

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

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.