124,288 Shares in Stifel Financial Corporation $SF Acquired by Benjamin Edwards Inc.

Key Points

• Benjamin Edwards Inc. acquired 124,288 shares of Stifel Financial during the second quarter, worth approximately $8.7 million; institutional investors and hedge funds collectively own 82.01% of the company.
• Analyst sentiment remains positive, with five Buy ratings and four Hold ratings producing a consensus “Moderate Buy” rating and an average price target of $91.90.
• Stifel reported quarterly EPS of $1.42, beating estimates by $0.09, while revenue rose 13% year over year to $1.45 billion. The company also declared a quarterly dividend of $0.34 per share, representing a 1.7% yield.

Benjamin Edwards Inc. acquired a new stake in Stifel Financial Corporation (NYSE:SF - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 124,288 shares of the financial services provider's stock, valued at approximately $8,672,000. Benjamin Edwards Inc. owned about 0.08% of Stifel Financial at the end of the most recent quarter.

Several other large investors have also modified their holdings of SF. NewEdge Advisors LLC increased its holdings in shares of Stifel Financial by 5.8% in the 1st quarter. NewEdge Advisors LLC now owns 2,673 shares of the financial services provider's stock valued at $252,000 after acquiring an additional 147 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Stifel Financial by 1,162.6% in the first quarter. Jones Financial Companies Lllp now owns 2,702 shares of the financial services provider's stock valued at $255,000 after buying an additional 2,488 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Stifel Financial by 106.8% in the second quarter. EverSource Wealth Advisors LLC now owns 974 shares of the financial services provider's stock valued at $101,000 after buying an additional 503 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Stifel Financial by 86.5% during the second quarter. First Trust Advisors LP now owns 128,630 shares of the financial services provider's stock worth $13,349,000 after buying an additional 59,662 shares during the period. Finally, Amundi grew its holdings in shares of Stifel Financial by 51.0% during the second quarter. Amundi now owns 31,906 shares of the financial services provider's stock worth $3,425,000 after buying an additional 10,771 shares during the last quarter. 82.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on SF shares. UBS Group set a $90.00 price target 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 report on Sunday, August 9th. JPMorgan Chase & Co. upped their price target on Stifel Financial from $80.00 to $86.00 and gave the stock a "neutral" rating in a research note on Thursday, July 23rd. Weiss Ratings reiterated a "buy (b-)" rating on shares of Stifel Financial in a research report on Wednesday. Finally, Zacks Research raised shares of Stifel Financial from a "strong sell" rating to a "hold" rating in a research note on Wednesday, May 20th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $91.90.

Stifel Financial Trading Up 0.0%

Shares of SF stock opened at $81.31 on Monday. The business's fifty day moving average price is $78.90 and its 200 day moving average price is $76.25. The firm has a market capitalization 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 Corporation has a 1-year low of $67.81 and a 1-year high of $89.83.

Stifel Financial (NYSE:SF - Get Free Report) last issued 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 net margin of 16.11% and a return on equity of 19.22%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the firm earned $1.71 EPS. The business's revenue 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 EPS for the current fiscal year.

Stifel Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $0.34 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $1.36 annualized dividend and a dividend yield of 1.7%. Stifel Financial's dividend payout ratio (DPR) is 24.33%.

Insider Buying and Selling

In other Stifel Financial news, Director Maryam S. Brown sold 4,700 shares of the company's stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $79.20, for a total transaction of $372,240.00. Following the transaction, 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 filing with the SEC, which can be accessed through this link. Corporate insiders own 3.36% of the company's stock.

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.

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