Cetera Investment Advisers Raises Position in Stifel Financial Corporation $SF

Key Points

• Cetera Investment Advisers increased its Stifel Financial position by 54.5% in the first quarter, holding 34,671 shares valued at approximately $2.56 million. Institutional investors collectively own 82.01% of the company.
• Stifel reported quarterly EPS of $1.42, beating estimates of $1.33, while revenue rose 13% year over year to $1.45 billion. The company also declared a quarterly dividend of $0.34 per share, equivalent to a 1.6% yield.
• Analysts maintain a generally positive outlook, with five Buy ratings and four Holds; the stock has an average “Moderate Buy” rating and a consensus price target of $91.90, above its reported $83.11 share price.

Cetera Investment Advisers boosted its holdings in shares of Stifel Financial Corporation (NYSE:SF - Free Report) by 54.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,671 shares of the financial services provider's stock after buying an additional 12,237 shares during the period. Cetera Investment Advisers' holdings in Stifel Financial were worth $2,563,000 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. Advisory Services Network LLC acquired a new position in Stifel Financial in the 3rd quarter worth approximately $29,000. Activest Wealth Management lifted its holdings 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 purchasing an additional 240 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Stifel Financial during the 4th quarter worth approximately $34,000. Cullen Frost Bankers Inc. acquired a new position in shares of Stifel Financial during the fourth quarter valued at approximately $50,000. Finally, BOKF NA lifted its position in shares of Stifel Financial by 1,626.9% in the third quarter. BOKF NA now owns 449 shares of the financial services provider's stock valued at $51,000 after acquiring an additional 423 shares in the last quarter. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Stifel Financial Stock Performance

NYSE:SF opened at $83.11 on Friday. Stifel Financial Corporation has a 12 month low of $67.81 and a 12 month 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 0.80. The firm has a market capitalization of $12.55 billion, a PE ratio of 14.88 and a beta of 0.99. The business's fifty day moving average price is $75.61 and its 200 day moving average price is $76.57.

Stifel Financial (NYSE:SF - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $1.45 billion during 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 quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.71 EPS. On average, sell-side analysts anticipate that Stifel Financial Corporation will post 6.36 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

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 given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Tuesday, September 1st. Stifel Financial's payout ratio is currently 24.33%.

Insider Buying and Selling at Stifel Financial

In related news, Director Maryam S. Brown sold 4,700 shares of Stifel Financial 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 sale, the director directly owned 5,729 shares in the company, valued at $453,736.80. This trade represents a 45.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SF shares. UBS Group set a $90.00 price objective on shares of Stifel Financial in a report on Thursday, July 23rd. JPMorgan Chase & Co. increased their price target on Stifel Financial from $80.00 to $86.00 and gave the company a "neutral" rating in a report on Thursday, July 23rd. Wall Street Zen upgraded Stifel Financial from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. Zacks Research raised shares of Stifel Financial from a "strong sell" rating to a "hold" rating in a report on Wednesday, May 20th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Stifel Financial in a research note on Friday, May 29th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Stifel Financial currently has an average rating of "Moderate Buy" and an average target price of $91.90.

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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