Corient Private Wealth LP Acquires Shares of 26,356 Stifel Financial Corporation $SF

Key Points

• Corient Private Wealth initiated a 26,356-share position in Stifel Financial during the second quarter, valued at approximately $1.84 million. Institutional investors collectively own 82.01% of the company.
• Stifel Financial reported quarterly earnings of $1.42 per share, exceeding analyst expectations of $1.33, while revenue rose 13% year over year to $1.45 billion.
• The company declared a quarterly dividend of $0.34 per share, equivalent to a $1.36 annualized payout and a 1.7% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $91.90.

Corient Private Wealth LP bought a new stake in shares of Stifel Financial Corporation (NYSE:SF - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 26,356 shares of the financial services provider's stock, valued at approximately $1,839,000.

Other large investors also recently made changes to their positions in the company. Advisory Services Network LLC acquired a new stake in shares of Stifel Financial during the third quarter worth $29,000. Danske Bank A S acquired a new position in Stifel Financial in the second quarter valued at about $31,000. Caitong International Asset Management Co. Ltd acquired a new position in Stifel Financial in the fourth quarter valued at about $34,000. Keating Financial Advisory Services Inc. bought a new position in Stifel Financial during the second quarter worth about $35,000. Finally, JTC Employer Solutions Trustee Ltd boosted its holdings in Stifel Financial by 49.8% during the first quarter. JTC Employer Solutions Trustee Ltd now owns 481 shares of the financial services provider's stock worth $36,000 after buying an additional 160 shares during the last quarter. Institutional investors and hedge funds own 82.01% of the company's stock.

Insider Buying and Selling

In other Stifel Financial news, Director Maryam Brown sold 4,700 shares of Stifel Financial stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $79.20, for a total value of $372,240.00. Following the transaction, the director owned 5,729 shares of the company's stock, valued at approximately $453,736.80. The trade was a 45.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 3.36% of the company's stock.

Stifel Financial Stock Up 2.6%

NYSE:SF opened at $82.12 on Friday. Stifel Financial Corporation has a 1 year low of $67.81 and a 1 year high of $89.83. The stock has a 50-day moving average price of $79.50 and a two-hundred day moving average price of $76.23. The stock has a market cap of $12.40 billion, a price-to-earnings ratio of 14.70 and a beta of 0.98. The company has a current ratio of 0.88, a quick ratio of 0.83 and a debt-to-equity ratio of 0.33.

Stifel Financial (NYSE:SF - Get Free Report) last released its quarterly 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. Stifel Financial had a return on equity of 19.22% and a net margin of 16.11%.The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the firm posted $1.71 earnings per share. Stifel Financial's revenue was up 13.0% compared to the same quarter last year. As a group, equities analysts expect that Stifel Financial Corporation will post 6.36 earnings per share for the current year.

Stifel Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.7%. The ex-dividend date is Tuesday, September 1st. Stifel Financial's dividend payout ratio (DPR) is 24.33%.

Wall Street Analyst Weigh In

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

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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