Deutsche Bank AG Invests $1.56 Million in Stifel Financial Corporation $SF

Deutsche Bank AG purchased a new stake in Stifel Financial Corporation (NYSE:SF - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 22,427 shares of the financial services provider's stock, valued at approximately $1,565,000.

A number of other large investors have also made changes to their positions in SF. Activest Wealth Management grew 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 acquiring an additional 240 shares during the period. Advisory Services Network LLC bought a new position in shares of Stifel Financial during the 3rd quarter valued at about $29,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Stifel Financial in the 4th quarter valued at approximately $34,000. Cullen Frost Bankers Inc. acquired a new position in shares of Stifel Financial in the 4th quarter valued at approximately $50,000. Finally, BOKF NA raised its holdings in Stifel Financial by 1,626.9% during the 3rd quarter. BOKF NA now owns 449 shares of the financial services provider's stock worth $51,000 after buying an additional 423 shares during the period. Institutional investors own 82.01% of the company's stock.

Insider Activity at Stifel Financial

In other news, Director Maryam S. Brown sold 4,700 shares of the business's stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $79.20, for a total transaction of $372,240.00. Following the transaction, the director directly owned 5,729 shares in the company, 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 at this link. 3.36% of the stock is currently owned by company insiders.

Stifel Financial Trading Up 0.6%

Shares of Stifel Financial stock opened at $81.31 on Friday. Stifel Financial Corporation has a 12-month low of $67.81 and a 12-month high of $89.83. The stock has a market cap of $12.28 billion, a P/E ratio of 14.55 and a beta of 0.99. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt-to-equity ratio of 0.33. The business's 50 day moving average is $78.90 and its 200-day moving average is $76.33.

Stifel Financial (NYSE:SF - Get Free Report) last released its earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share for the quarter, beating 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 net margin of 16.11% and a return on equity of 19.22%. The firm's revenue was up 13.0% on a year-over-year basis. During the same period last year, the business earned $1.71 earnings per share. Equities research analysts predict that Stifel Financial Corporation will post 6.36 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The company 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 $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 (DPR) is 24.33%.

Wall Street Analyst Weigh In

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

Want to see what other hedge funds are holding SF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stifel Financial Corporation (NYSE:SF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source