Bank of New York Mellon Corp Takes Position in Stifel Financial Corporation $SF

Bank of New York Mellon Corp 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 SEC. The firm acquired 1,336,318 shares of the financial services provider's stock, valued at approximately $93,235,000. Bank of New York Mellon Corp owned about 0.87% of Stifel Financial at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Advisory Services Network LLC bought a new stake in shares of Stifel Financial in the 3rd quarter valued at $29,000. Activest Wealth Management lifted its stake in Stifel Financial by 12,000.0% in the fourth quarter. Activest Wealth Management now owns 242 shares of the financial services provider's stock valued at $30,000 after buying an additional 240 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of Stifel Financial during the 4th quarter worth approximately $34,000. JTC Employer Solutions Trustee Ltd grew its holdings in Stifel Financial by 49.8% in the first quarter. JTC Employer Solutions Trustee Ltd now owns 481 shares of the financial services provider's stock worth $36,000 after purchasing an additional 160 shares during the period. Finally, Cullen Frost Bankers Inc. bought a new stake in Stifel Financial in the fourth quarter valued at $50,000. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Stifel Financial

In other news, Director Maryam S. Brown sold 4,700 shares of Stifel Financial 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 $453,736.80. The trade was a 45.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.36% of the stock is owned by insiders.

Stifel Financial Stock Performance

Shares of Stifel Financial stock opened at $80.73 on Tuesday. Stifel Financial Corporation has a 12 month low of $67.81 and a 12 month high of $89.83. The firm has a market capitalization of $12.19 billion, a P/E ratio of 14.45 and a beta of 0.99. The company has a current ratio of 0.88, a quick ratio of 0.83 and a debt-to-equity ratio of 0.33. The business has a fifty day simple moving average of $78.35 and a two-hundred day simple moving average of $76.41.

Stifel Financial (NYSE:SF - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share (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 during the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the business earned $1.71 EPS. Stifel Financial's quarterly revenue was up 13.0% compared to the same quarter last year. On average, equities analysts forecast that Stifel Financial Corporation will post 6.36 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 1st. Stifel Financial's dividend payout ratio is currently 24.33%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SF. 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 report on Thursday, July 23rd. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Stifel Financial in a research note on Friday, May 29th. UBS Group set a $90.00 price target on shares of Stifel Financial in a research note on Thursday, July 23rd. Wall Street Zen downgraded shares of Stifel Financial from a "buy" rating to a "hold" rating in a research note on Sunday, August 9th. Finally, Zacks Research upgraded shares of Stifel Financial from a "strong sell" rating to a "hold" rating in a research report on Wednesday, May 20th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $91.90.

About Stifel Financial

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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