Dynamic Technology Lab Private Ltd Acquires New Stake in Stifel Financial Corporation $SF

Key Points

• Dynamic Technology Lab Private Ltd has acquired a new stake in Stifel Financial Corporation, buying 21,070 shares valued at approximately $1,986,000.
• Stifel Financial reported a quarterly earnings per share of $1.71, exceeding analysts' estimates, and achieved revenue of $1.28 billion for the quarter.
• The company announced a quarterly dividend of $0.46, translating to an annual yield of 1.6% with a payout ratio of 35.66%.

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Stifel Financial Corporation (NYSE:SF - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 21,070 shares of the financial services provider's stock, valued at approximately $1,986,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. NBC Securities Inc. acquired a new stake in Stifel Financial during the first quarter valued at approximately $26,000. Alpine Bank Wealth Management acquired a new stake in Stifel Financial during the first quarter valued at approximately $27,000. MassMutual Private Wealth & Trust FSB lifted its stake in Stifel Financial by 123.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 183 shares during the last quarter. Allworth Financial LP lifted its stake in Stifel Financial by 67.7% during the first 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. Finally, Bessemer Group Inc. lifted its stake in Stifel Financial by 53.0% during the first quarter. Bessemer Group Inc. now owns 491 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 170 shares during the last quarter. 82.01% of the stock is owned by institutional investors and hedge funds.

Stifel Financial Price Performance

NYSE SF opened at $112.69 on Friday. The company has a 50 day simple moving average of $111.59 and a 200-day simple moving average of $100.03. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.82 and a quick ratio of 0.77. The firm has a market capitalization of $11.51 billion, a price-to-earnings ratio of 21.84 and a beta of 1.13. Stifel Financial Corporation has a 52-week low of $73.27 and a 52-week high of $120.64.

Stifel Financial (NYSE:SF - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $1.71 EPS for the quarter, beating the consensus estimate of $1.65 by $0.06. The business had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.25 billion. Stifel Financial had a return on equity of 13.93% and a net margin of 11.90%.The firm's quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.60 EPS. Equities research analysts predict that Stifel Financial Corporation will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. Stifel Financial's payout ratio is 35.66%.

Wall Street Analysts Forecast Growth

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

Stifel Financial Profile

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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