Great Lakes Advisors LLC Takes Position in Stifel Financial Corporation $SF

Great Lakes Advisors LLC acquired a new position in shares of Stifel Financial Corporation (NYSE:SF) in the second quarter, Holdings Channel reports. The fund acquired 41,623 shares of the financial services provider’s stock, valued at approximately $2,904,000.

Several other institutional investors have also made changes to their positions in SF. Advisory Services Network LLC bought a new stake in Stifel Financial in the third quarter valued at about $29,000. Activest Wealth Management boosted its holdings in 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 purchasing an additional 240 shares in the last quarter. Danske Bank A S acquired a new stake in Stifel Financial during the second quarter valued at approximately $31,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Stifel Financial in the 4th quarter valued at approximately $34,000. Finally, JTC Employer Solutions Trustee Ltd grew its stake in shares of Stifel Financial by 49.8% in the 1st quarter. JTC Employer Solutions Trustee Ltd now owns 481 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 160 shares during the period. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Stifel Financial Trading Down 3.3%

Shares of SF opened at $79.99 on Friday. The stock has a fifty day moving average price of $78.03 and a two-hundred day moving average price of $76.44. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.83 and a current ratio of 0.88. Stifel Financial Corporation has a 52-week low of $67.81 and a 52-week high of $89.83. The company has a market cap of $12.08 billion, a price-to-earnings ratio of 14.32 and a beta of 0.99.

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

Stifel Financial Announces Dividend

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

Insider Buying and Selling at Stifel Financial

In related news, Director Maryam S. Brown sold 4,700 shares of the business’s stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $79.20, for a total value of $372,240.00. Following the completion of the transaction, the director owned 5,729 shares in the company, valued at $453,736.80. The trade was a 45.07% decrease in their position. The transaction 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 corporate insiders.

Analysts Set New Price Targets

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

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.