Stifel Financial Corporation $SF Stake Boosted by NewEdge Advisors LLC

NewEdge Advisors LLC boosted its stake in shares of Stifel Financial Corporation (NYSE:SF) by 70.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,740 shares of the financial services provider’s stock after buying an additional 7,308 shares during the period. NewEdge Advisors LLC’s holdings in Stifel Financial were worth $1,311,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SF. Brown Brothers Harriman & Co. increased its position in shares of Stifel Financial by 15.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 811 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 106 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Stifel Financial by 0.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 23,449 shares of the financial services provider’s stock valued at $2,936,000 after acquiring an additional 114 shares in the last quarter. Principal Securities Inc. lifted its position in shares of Stifel Financial by 6.9% in the 4th quarter. Principal Securities Inc. now owns 1,926 shares of the financial services provider’s stock valued at $241,000 after acquiring an additional 124 shares in the last quarter. Clark Capital Management Group Inc. boosted its stake in Stifel Financial by 3.8% in the 3rd quarter. Clark Capital Management Group Inc. now owns 3,642 shares of the financial services provider’s stock worth $413,000 after purchasing an additional 134 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its stake in Stifel Financial by 1.8% in the 4th quarter. Crossmark Global Holdings Inc. now owns 7,811 shares of the financial services provider’s stock worth $978,000 after purchasing an additional 140 shares during the period. 82.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Stifel Financial from $80.00 to $86.00 and gave the company 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 research report on Wednesday, May 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stifel Financial in a report on Friday, May 29th. UBS Group set a $90.00 price target on Stifel Financial in a research report on Thursday, July 23rd. Finally, Wall Street Zen downgraded Stifel Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $91.90.

Insider Activity

In related news, Director Maryam S. Brown sold 4,700 shares of the company’s stock in a transaction 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 sale, the director directly owned 5,729 shares in the company, valued at approximately $453,736.80. This represents a 45.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 3.36% of the company’s stock.

Stifel Financial Trading Up 0.1%

NYSE SF opened at $85.66 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.83 and a debt-to-equity ratio of 0.33. Stifel Financial Corporation has a 1-year low of $67.81 and a 1-year high of $89.83. The firm’s fifty day simple moving average is $77.09 and its 200-day simple moving average is $76.46. The company has a market capitalization of $12.94 billion, a PE ratio of 15.33 and a beta of 0.99.

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

Stifel Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.6%. Stifel Financial’s dividend payout ratio (DPR) is currently 24.33%.

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.