Castleark Management LLC Purchases New Shares in Stifel Financial Corporation $SF

Castleark Management LLC acquired a new stake in Stifel Financial Corporation (NYSE:SF - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 98,210 shares of the financial services provider's stock, valued at approximately $6,852,000. Castleark Management LLC owned approximately 0.07% of Stifel Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of SF. BlackRock Inc. purchased a new position in shares of Stifel Financial in the 2nd quarter valued at about $1,031,197,000. AQR Capital Management LLC grew its holdings in Stifel Financial by 94.8% in the fourth quarter. AQR Capital Management LLC now owns 2,893,850 shares of the financial services provider's stock valued at $362,368,000 after purchasing an additional 1,408,347 shares during the period. Norges Bank acquired a new stake in Stifel Financial in the fourth quarter valued at approximately $172,446,000. Bank of New York Mellon Corp purchased a new stake in shares of Stifel Financial in the second quarter valued at approximately $93,235,000. Finally, Algebris UK Ltd. purchased a new stake in shares of Stifel Financial in the second quarter valued at approximately $70,086,000. Institutional investors and hedge funds own 82.01% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SF. Weiss Ratings reiterated a "buy (b-)" rating on shares of Stifel Financial in a research report on Friday, May 29th. Wall Street Zen lowered shares of Stifel Financial from a "buy" rating to a "hold" rating in a report on Sunday, August 9th. Zacks Research upgraded shares of Stifel Financial from a "strong sell" rating to a "hold" rating in a research report on Wednesday, May 20th. UBS Group set a $90.00 price objective on shares of Stifel Financial in a report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Stifel Financial from $80.00 to $86.00 and gave the company a "neutral" rating in a research report on Thursday, July 23rd. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $91.90.

Stifel Financial Stock Performance

Shares of NYSE:SF opened at $79.72 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.88 and a quick ratio of 0.83. The business's 50 day moving average price is $78.46 and its 200-day moving average price is $76.37. The firm 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.

Stifel Financial (NYSE:SF - Get Free Report) last issued 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 during the quarter, compared to analysts' expectations of $1.42 billion. During the same period in the previous year, the business earned $1.71 earnings per share. The firm's revenue for the quarter was up 13.0% on a year-over-year basis. As a group, equities research analysts expect that Stifel Financial Corporation will post 6.36 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The firm also recently announced 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 of this dividend is Tuesday, September 1st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.7%. Stifel Financial's dividend payout ratio is presently 24.33%.

Insider Activity at Stifel Financial

In other news, Director Maryam S. Brown sold 4,700 shares of the stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $79.20, for a total value of $372,240.00. Following the completion of the sale, the director directly owned 5,729 shares in the company, valued at $453,736.80. This represents a 45.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.36% of the stock is owned by company insiders.

Stifel Financial 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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