Ancora Advisors LLC Makes New $17.72 Million Investment in Stifel Financial Corporation $SF

Ancora Advisors LLC purchased a new stake in Stifel Financial Corporation (NYSE:SF - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 254,005 shares of the financial services provider's stock, valued at approximately $17,722,000. Ancora Advisors LLC owned about 0.17% of Stifel Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. raised 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 during the period. Steward Partners Investment Advisory LLC increased its stake 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 worth $2,936,000 after acquiring an additional 114 shares during the last quarter. Principal Securities Inc. raised its holdings in shares of Stifel Financial by 6.9% during the 4th quarter. Principal Securities Inc. now owns 1,926 shares of the financial services provider's stock worth $241,000 after acquiring an additional 124 shares during the period. Clark Capital Management Group Inc. boosted its position in shares of Stifel Financial by 3.8% during the 3rd quarter. Clark Capital Management Group Inc. now owns 3,642 shares of the financial services provider's stock valued at $413,000 after acquiring an additional 134 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its position in shares of Stifel Financial by 1.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 7,811 shares of the financial services provider's stock valued at $978,000 after acquiring an additional 140 shares during the last quarter. 82.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SF. 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 target price on Stifel Financial in a research note on Thursday, July 23rd. Zacks Research upgraded Stifel Financial from a "strong sell" rating to a "hold" rating in a research report on Wednesday, May 20th. JPMorgan Chase & Co. upped their price target on Stifel Financial from $80.00 to $86.00 and gave the company a "neutral" rating in a research note on Thursday, July 23rd. Finally, Wall Street Zen cut Stifel Financial from a "buy" rating to a "hold" rating in a report on Sunday, August 9th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $91.90.

Insider Transactions at Stifel Financial

In other Stifel Financial 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 transaction of $372,240.00. Following the completion of the transaction, the director owned 5,729 shares in the company, valued at approximately $453,736.80. This represents a 45.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.36% of the company's stock.

Stifel Financial Stock Performance

NYSE SF opened at $79.72 on Wednesday. The company has a fifty day moving average of $78.46 and a two-hundred day moving average of $76.37. The company has a market capitalization of $12.04 billion, a PE ratio of 14.27 and a beta of 0.99. Stifel Financial Corporation has a 1 year low of $67.81 and a 1 year high of $89.83. 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 - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 EPS for the quarter, topping analysts' consensus estimates of $1.33 by $0.09. The business had revenue of $1.45 billion for the quarter, compared to analysts' expectations 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 quarter in the previous year, the firm earned $1.71 earnings per share. As a group, analysts expect that Stifel Financial Corporation will post 6.36 earnings per share for the current year.

Stifel Financial Announces Dividend

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