Curi RMB Capital LLC Reduces Stock Holdings in Stifel Financial Corporation $SF

Key Points

• Curi RMB Capital LLC reduced its stake in Stifel Financial Corporation by 9.1%, selling 6,634 shares during the first quarter, which leaves them with 66,070 shares valued at approximately $6.2 million.
• Several institutional investors increased their positions in Stifel Financial, with Allworth Financial LP seeing the largest growth at 67.7% during the same quarter.
• Analysts have raised their target prices for Stifel Financial, with estimates ranging between $120.00 and $135.00, indicating a consensus rating of "Moderate Buy."

Curi RMB Capital LLC lowered its stake in shares of Stifel Financial Corporation (NYSE:SF - Free Report) by 9.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 66,070 shares of the financial services provider's stock after selling 6,634 shares during the quarter. Curi RMB Capital LLC owned 0.06% of Stifel Financial worth $6,228,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Journey Strategic Wealth LLC increased its position in Stifel Financial by 4.2% during the first quarter. Journey Strategic Wealth LLC now owns 2,907 shares of the financial services provider's stock valued at $274,000 after acquiring an additional 117 shares during the last quarter. Stratos Wealth Partners LTD. boosted its stake in shares of Stifel Financial by 3.0% during the 1st quarter. Stratos Wealth Partners LTD. now owns 4,328 shares of the financial services provider's stock worth $408,000 after purchasing an additional 127 shares during the period. Allworth Financial LP grew its holdings in Stifel Financial by 67.7% during the 1st quarter. Allworth Financial LP now owns 337 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 136 shares during the last quarter. Venturi Wealth Management LLC raised its position in Stifel Financial by 2.7% in the 1st quarter. Venturi Wealth Management LLC now owns 5,549 shares of the financial services provider's stock worth $523,000 after purchasing an additional 146 shares during the period. Finally, Snowden Capital Advisors LLC lifted its stake in Stifel Financial by 2.0% in the fourth quarter. Snowden Capital Advisors LLC now owns 8,436 shares of the financial services provider's stock worth $895,000 after purchasing an additional 163 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. JMP Securities upped their target price on Stifel Financial from $120.00 to $130.00 and gave the company a "market outperform" rating in a research note on Monday, July 14th. Wall Street Zen upgraded Stifel Financial from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd. Citigroup upgraded Stifel Financial from a "neutral" rating to a "buy" rating and increased their target price for the stock from $115.00 to $135.00 in a research note on Thursday, July 31st. Stifel Nicolaus set a $135.00 target price on Stifel Financial in a research report on Thursday, July 31st. Finally, Wells Fargo & Company upped their price target on shares of Stifel Financial from $102.00 to $125.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $115.78.

Stifel Financial Trading Up 1.9%

Shares of NYSE SF opened at $115.63 on Friday. Stifel Financial Corporation has a twelve month low of $73.27 and a twelve month high of $120.64. The firm has a market cap of $11.81 billion, a PE ratio of 22.41 and a beta of 1.13. The business has a fifty day simple moving average of $111.42 and a two-hundred day simple moving average of $100.10. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 0.28.

Stifel Financial (NYSE:SF - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.65 by $0.06. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.25 billion. Stifel Financial had a return on equity of 13.93% and a net margin of 11.90%.The business's revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.60 EPS. Analysts expect that Stifel Financial Corporation will post 8.26 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 16th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $1.84 dividend on an annualized basis and a yield of 1.6%. Stifel Financial's dividend payout ratio (DPR) is 35.66%.

About Stifel Financial

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.

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