Heartland Advisors Inc. Purchases Shares of 121,653 Stifel Financial Corporation $SF

Key Points

• Heartland Advisors acquired 121,653 shares of Stifel Financial during the second quarter, worth approximately $8.49 million and representing about 0.08% of the company. Institutional investors and hedge funds collectively own 82.01% of Stifel’s stock.
• Stifel Financial reported quarterly EPS of $1.42, beating estimates of $1.33, while revenue rose 13% year over year to $1.45 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $91.90.
• The company declared a quarterly dividend of $0.34 per share, equivalent to $1.36 annually and a 1.7% yield, payable September 15 to shareholders of record as of September 1.

Heartland Advisors Inc. purchased a new stake in Stifel Financial Corporation (NYSE:SF - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 121,653 shares of the financial services provider's stock, valued at approximately $8,488,000. Heartland Advisors Inc. owned approximately 0.08% of Stifel Financial at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Advisory Services Network LLC acquired a new stake in Stifel Financial in the 3rd quarter valued at approximately $29,000. Activest Wealth Management boosted its position in Stifel Financial by 12,000.0% during the 4th quarter. Activest Wealth Management now owns 242 shares of the financial services provider's stock worth $30,000 after acquiring an additional 240 shares during the last quarter. Danske Bank A S acquired a new position in Stifel Financial during the 2nd quarter worth approximately $31,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Stifel Financial during the 4th quarter worth approximately $34,000. Finally, Keating Financial Advisory Services Inc. bought a new position in shares of Stifel Financial during the 2nd quarter worth approximately $35,000. 82.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SF has been the topic of a number of recent research reports. Wall Street Zen downgraded shares of Stifel Financial from a "buy" rating to a "hold" rating in a report on Sunday, August 9th. Zacks Research upgraded shares of Stifel Financial from a "strong sell" rating to a "hold" rating in a report on Wednesday, May 20th. JPMorgan Chase & Co. raised their target price on shares of Stifel Financial from $80.00 to $86.00 and gave the company a "neutral" rating in a research report on Thursday, July 23rd. UBS Group set a $90.00 price target on shares of Stifel Financial in a research note on Thursday, July 23rd. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Stifel Financial in a research report on Friday, May 29th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $91.90.

Insider Transactions at Stifel Financial

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

Stifel Financial Stock Up 1.3%

SF stock opened at $80.95 on Friday. The company has a market cap of $12.22 billion, a price-to-earnings ratio of 14.49 and a beta of 0.99. Stifel Financial Corporation has a twelve month low of $67.81 and a twelve month high of $89.83. The business has a 50 day moving average price of $78.20 and a two-hundred day moving average price of $76.47. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt-to-equity ratio of 0.33.

Stifel Financial (NYSE:SF - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.33 by $0.09. The company had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.42 billion. Stifel Financial had a return on equity of 19.22% and a net margin of 16.11%.The business's revenue was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.71 EPS. Analysts anticipate that Stifel Financial Corporation will post 6.36 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

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

Stifel Financial Company 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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