Ancora Advisors LLC Sells 17,098 Shares of Stifel Financial Corporation $SF

Key Points

• Ancora Advisors reduced its Stifel Financial position by 6.3%, selling 17,098 shares in the second quarter while retaining 254,005 shares valued at approximately $17.7 million. Institutional investors collectively own 82.01% of the company.
• Analysts maintain a generally positive outlook, with five Buy ratings and four Hold ratings, an overall “Moderate Buy” consensus, and an average price target of $91.90 versus the stock’s $80.78 opening price.
• Stifel exceeded quarterly earnings and revenue expectations, reporting $1.42 EPS and $1.45 billion in revenue. The company also declared a quarterly dividend of $0.34 per share, representing a 1.7% yield.

Ancora Advisors LLC cut its position in shares of Stifel Financial Corporation (NYSE:SF - Free Report) by 6.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 254,005 shares of the financial services provider's stock after selling 17,098 shares during the period. Ancora Advisors LLC owned approximately 0.17% of Stifel Financial worth $17,722,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new stake in shares of Stifel Financial during the 3rd quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd purchased a new stake in Stifel Financial in the fourth quarter worth $34,000. Cullen Frost Bankers Inc. bought a new stake in shares of Stifel Financial during the fourth quarter worth $50,000. BOKF NA boosted its stake in shares of Stifel Financial by 1,626.9% during the third quarter. BOKF NA now owns 449 shares of the financial services provider's stock valued at $51,000 after purchasing an additional 423 shares during the period. Finally, Danske Bank A S bought a new position in shares of Stifel Financial in the second quarter worth about $31,000. 82.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SF shares. UBS Group set a $90.00 price objective on shares of Stifel Financial in a research report on Thursday, July 23rd. Zacks Research raised Stifel Financial from a "strong sell" rating to a "hold" rating in a research note on Wednesday, May 20th. JPMorgan Chase & Co. lifted their target price on Stifel Financial from $80.00 to $86.00 and gave the company a "neutral" rating in a research report on Thursday, July 23rd. Wall Street Zen downgraded Stifel Financial from a "buy" rating to a "hold" rating in a research report on Sunday, August 9th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Stifel Financial in a report on Wednesday, August 26th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $91.90.

Stifel Financial Stock Down 0.6%

Shares of Stifel Financial stock opened at $80.78 on Tuesday. The firm's 50 day moving average price is $79.04 and its 200-day moving average price is $76.23. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt-to-equity ratio of 0.33. Stifel Financial Corporation has a 52-week low of $67.81 and a 52-week high of $89.83. The company has a market cap of $12.20 billion, a P/E ratio of 14.46 and a beta of 0.99.

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, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $1.42 billion. During the same quarter in the prior year, the company posted $1.71 earnings per share. Stifel Financial's revenue for the quarter was up 13.0% compared to the same quarter last year. On average, sell-side analysts predict 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. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.34 per share. 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 is 24.33%.

Insider Activity at Stifel Financial

In other Stifel Financial news, Director Maryam S. Brown sold 4,700 shares of the company's 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 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 document filed with the SEC, which can be accessed through the SEC website. 3.36% of the stock is owned by insiders.

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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