42,180 Shares in Stifel Financial Corporation $SF Bought by Evolve Private Wealth LLC

Evolve Private Wealth LLC bought a new stake in Stifel Financial Corporation (NYSE:SF) during the 4th quarter, Holdings Channel reports. The institutional investor bought 42,180 shares of the financial services provider’s stock, valued at approximately $5,282,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Advisory Services Network LLC purchased a new position in Stifel Financial during the 3rd quarter worth $29,000. Activest Wealth Management grew 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 worth $30,000 after acquiring an additional 240 shares during the period. Pinnacle Holdings LLC purchased a new position in shares of Stifel Financial in the 3rd quarter valued at about $32,000. IAG Wealth Partners LLC purchased a new position in Stifel Financial in the third quarter valued at about $39,000. Finally, Cullen Frost Bankers Inc. acquired a new position in Stifel Financial during the fourth quarter worth $50,000. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on SF shares. Zacks Research upgraded Stifel Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of Stifel Financial in a research note on Friday, May 29th. UBS Group dropped their target price on shares of Stifel Financial from $100.00 to $89.00 and set a “buy” rating for the company in a research report on Wednesday, April 8th. Finally, TD Cowen lowered their price target on Stifel Financial from $136.00 to $92.00 and set a “hold” rating for the company in a report on Monday, March 23rd. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.15.

Stifel Financial Trading Down 1.1%

NYSE:SF opened at $73.47 on Thursday. The stock has a market cap of $11.27 billion, a price-to-earnings ratio of 14.29 and a beta of 1.00. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 0.85. The business has a fifty day moving average of $74.97 and a 200-day moving average of $78.60. Stifel Financial Corporation has a 1 year low of $63.91 and a 1 year high of $89.83.

Stifel Financial (NYSE:SF) last announced its earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.06. Stifel Financial had a return on equity of 18.76% and a net margin of 15.34%.The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter last year, the business posted $0.49 earnings per share. The company’s quarterly revenue was up 17.7% on a year-over-year basis. Equities analysts predict that Stifel Financial Corporation will post 6.25 earnings per share for the current year.

Stifel Financial Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, June 1st. Stifel Financial’s dividend payout ratio (DPR) is 26.46%.

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.