Algert Global LLC Grows Position in Stifel Financial Corporation $SF

Algert Global LLC raised its stake in shares of Stifel Financial Corporation (NYSE:SF - Free Report) by 11.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 409,817 shares of the financial services provider's stock after purchasing an additional 41,302 shares during the period. Algert Global LLC owned 0.27% of Stifel Financial worth $28,593,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Advisory Services Network LLC purchased a new position in shares of Stifel Financial in the 3rd quarter worth $29,000. Activest Wealth Management grew its position 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 valued at $30,000 after acquiring an additional 240 shares during the period. Danske Bank A S acquired a new stake in Stifel Financial during the second quarter worth about $31,000. Caitong International Asset Management Co. Ltd acquired a new stake in Stifel Financial during the fourth quarter worth about $34,000. Finally, Keating Financial Advisory Services Inc. purchased a new position in shares of Stifel Financial in the 2nd quarter worth about $35,000. Institutional investors and hedge funds own 82.01% of the company's stock.

Insider Buying and Selling

In related news, Director Maryam S. Brown sold 4,700 shares of the stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $79.20, for a total value of $372,240.00. Following the completion of the transaction, the director owned 5,729 shares of the company's stock, 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. 3.36% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

SF has been the topic of several research analyst reports. Wall Street Zen lowered Stifel Financial from a "buy" rating to a "hold" rating in a research note on Sunday, August 9th. JPMorgan Chase & Co. raised their price target on shares of Stifel Financial from $80.00 to $86.00 and gave the company a "neutral" rating in a report on Thursday, July 23rd. Weiss Ratings reiterated a "buy (b-)" rating on shares of Stifel Financial in a research note on Friday, May 29th. UBS Group set a $90.00 price objective on shares of Stifel Financial in a research report on Thursday, July 23rd. 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 analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Stifel Financial currently has an average rating of "Moderate Buy" and a consensus target price of $91.90.

Stifel Financial Price Performance

SF stock opened at $80.73 on Tuesday. The firm has a market cap of $12.19 billion, a P/E ratio of 14.45 and a beta of 0.99. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.83 and a current ratio of 0.88. Stifel Financial Corporation has a 1 year low of $67.81 and a 1 year high of $89.83. The stock has a 50-day simple moving average of $78.35 and a 200-day simple moving average of $76.41.

Stifel Financial (NYSE:SF - Get Free Report) last released its quarterly 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 firm 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 company posted $1.71 EPS. Stifel Financial's revenue for the quarter was up 13.0% on a year-over-year basis. On average, equities analysts predict that Stifel Financial Corporation will post 6.36 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 15th. Investors of record on Tuesday, September 1st will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.36 annualized dividend and a yield of 1.7%. Stifel Financial's payout ratio is 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.

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