Sanctuary Advisors LLC Takes $708,000 Position in Stifel Financial Corporation $SF

Sanctuary Advisors LLC acquired a new position in shares of Stifel Financial Corporation (NYSE:SF) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,144 shares of the financial services provider’s stock, valued at approximately $708,000.

Other institutional investors have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Stifel Financial in the second quarter valued at about $16,855,000. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in Stifel Financial during the second quarter valued at approximately $245,000. Pinnacle Holdings LLC bought a new stake in shares of Stifel Financial in the 2nd quarter valued at approximately $47,000. Bank of Nova Scotia bought a new stake in shares of Stifel Financial in the 2nd quarter valued at approximately $36,267,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of Stifel Financial in the 2nd quarter worth approximately $269,000. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, Director Maryam S. Brown sold 4,700 shares of the stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $79.20, for a total transaction of $372,240.00. Following the sale, the director directly owned 5,729 shares of the company’s stock, valued at $453,736.80. This represents a 45.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 3.36% of the company’s stock.

Stifel Financial Stock Up 0.6%

NYSE SF opened at $81.31 on Friday. The stock’s 50 day simple moving average is $78.90 and its 200 day simple moving average is $76.33. Stifel Financial Corporation has a one year low of $67.81 and a one year high of $89.83. The firm has a market cap of $12.28 billion, a PE ratio of 14.55 and a beta of 0.99. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.88 and a quick ratio of 0.83.

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. As a group, sell-side analysts forecast that Stifel Financial Corporation will post 6.36 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

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

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.