Harbor Capital Advisors Inc. Buys 6,529 Shares of Stifel Financial Corporation $SF

Key Points

• Harbor Capital Advisors Inc. increased its holdings in Stifel Financial Corporation by 12.6% in Q2, now owning approximately 0.06% of the company worth $6,070,000.
• Several institutional investors have also adjusted their positions in Stifel Financial, with ownership at 82.01% among these investors.
• Stifel Financial reported an EPS of $1.71 for the latest quarter, surpassing estimates, and a dividend of $0.46 was recently paid, reflecting an annualized yield of 1.6%.

Harbor Capital Advisors Inc. grew its stake in shares of Stifel Financial Corporation (NYSE:SF - Free Report) by 12.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,486 shares of the financial services provider's stock after acquiring an additional 6,529 shares during the period. Harbor Capital Advisors Inc. owned 0.06% of Stifel Financial worth $6,070,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. NBC Securities Inc. acquired a new stake in shares of Stifel Financial in the 1st quarter valued at $26,000. Alpine Bank Wealth Management acquired a new position in Stifel Financial during the 1st quarter worth $27,000. MassMutual Private Wealth & Trust FSB lifted its position in Stifel Financial by 123.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the financial services provider's stock worth $31,000 after acquiring an additional 183 shares during the last quarter. Allworth Financial LP lifted its position in Stifel Financial by 67.7% during the 1st quarter. Allworth Financial LP now owns 337 shares of the financial services provider's stock worth $29,000 after acquiring an additional 136 shares during the last quarter. Finally, Bessemer Group Inc. lifted its position in Stifel Financial by 53.0% during the 1st quarter. Bessemer Group Inc. now owns 491 shares of the financial services provider's stock worth $46,000 after acquiring an additional 170 shares during the last quarter. Institutional investors and hedge funds own 82.01% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. JMP Securities upped their price objective on shares of Stifel Financial from $120.00 to $130.00 and gave the company a "market outperform" rating in a research report on Monday, July 14th. Stifel Nicolaus set a $135.00 target price on shares of Stifel Financial in a research note on Thursday, July 31st. Wells Fargo & Company upped their target price on shares of Stifel Financial from $102.00 to $125.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Zacks Research cut shares of Stifel Financial from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 8th. Finally, Citigroup raised shares of Stifel Financial from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $115.00 to $135.00 in a research note on Thursday, July 31st. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $115.78.

Stifel Financial Trading Down 0.6%

NYSE SF traded down $0.68 during trading hours on Friday, hitting $114.89. The company's stock had a trading volume of 2,585,811 shares, compared to its average volume of 791,045. The stock has a fifty day moving average of $112.73 and a 200 day moving average of $100.63. Stifel Financial Corporation has a twelve month low of $73.27 and a twelve month high of $120.64. The firm has a market capitalization of $11.74 billion, a P/E ratio of 22.26 and a beta of 1.13. 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 issued its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.06. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. Stifel Financial had a net margin of 11.90% and a return on equity of 13.93%. The firm's revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.60 earnings per share. Equities research analysts forecast that Stifel Financial Corporation will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were given a $0.46 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $1.84 annualized dividend and a dividend yield of 1.6%. Stifel Financial's payout ratio is presently 35.66%.

Stifel Financial Company 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.