Fox Run Management L.L.C. Buys New Position in Stifel Financial Corporation $SF

Key Points

• Fox Run Management L.L.C. acquired 13,124 shares of Stifel Financial Corporation, valued at approximately $1,237,000, marking a significant investment in the financial services provider.
• Several analysts have upgraded Stifel Financial, with Wolfe Research rating it as "outperform" and setting a target price of $108.00, while Citigroup raised its target to $135.00.
• Stifel Financial declared a quarterly dividend of $0.46 per share, yielding 1.6% annually, with the payment scheduled for September 16th to shareholders of record as of September 2nd.

Fox Run Management L.L.C. acquired a new stake in Stifel Financial Corporation (NYSE:SF - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 13,124 shares of the financial services provider's stock, valued at approximately $1,237,000.

Several other institutional investors have also added to or reduced their stakes in SF. NBC Securities Inc. bought a new position in shares of Stifel Financial in the 1st quarter valued at $26,000. Alpine Bank Wealth Management bought a new stake in shares of Stifel Financial during the 1st quarter worth $27,000. Allworth Financial LP boosted its stake in Stifel Financial by 67.7% in the first quarter. Allworth Financial LP now owns 337 shares of the financial services provider's stock valued at $29,000 after buying an additional 136 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in Stifel Financial by 123.6% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 183 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in Stifel Financial by 52.1% in the fourth quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 110 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Stifel Financial Trading Down 1.6%

SF traded down $1.8560 during trading on Wednesday, reaching $110.8840. 825,639 shares of the company's stock were exchanged, compared to its average volume of 757,455. The stock has a market capitalization of $11.33 billion, a PE ratio of 21.49 and a beta of 1.11. Stifel Financial Corporation has a one year low of $73.27 and a one year high of $120.64. The firm has a fifty day moving average price of $107.82 and a two-hundred day moving average price of $99.81. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28.

Stifel Financial (NYSE:SF - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.06. The company had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.25 billion. Stifel Financial had a return on equity of 13.93% and a net margin of 11.90%.The business's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.60 earnings per share. As a group, equities research analysts forecast that Stifel Financial Corporation will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a $0.46 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.7%. Stifel Financial's payout ratio is 35.66%.

Analyst Ratings Changes

A number of research analysts have recently commented on SF shares. Wolfe Research raised shares of Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 target price for the company in a report on Thursday, April 24th. JMP Securities increased their price objective on shares of Stifel Financial from $120.00 to $130.00 and gave the company a "market outperform" rating in a research note on Monday, July 14th. Stifel Nicolaus set a $135.00 target price on shares of Stifel Financial in a research report on Thursday, July 31st. Citigroup raised shares of Stifel Financial from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $115.00 to $135.00 in a research note on Thursday, July 31st. Finally, Wells Fargo & Company upped their price target on shares of Stifel Financial from $102.00 to $125.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, Stifel Financial presently has an average rating of "Moderate Buy" and a consensus price target of $115.78.

Insider Activity at Stifel Financial

In other news, Director Michael J. Zimmerman sold 10,000 shares of the company's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $96.69, for a total value of $966,900.00. Following the sale, the director directly owned 45,833 shares of the company's stock, valued at approximately $4,431,592.77. This represents a 17.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 3.28% of the company's stock.

About Stifel Financial

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.