Ieq Capital LLC Invests $7.31 Million in Stifel Financial Corporation $SF

Key Points

• Ieq Capital LLC has invested approximately $7.31 million in Stifel Financial Corporation by acquiring 77,499 shares, representing 0.08% ownership of the company.
• Stifel Financial reported $1.71 earnings per share this quarter, exceeding analysts' expectations of $1.65, with a revenue of $1.28 billion compared to an expected $1.25 billion.
• The company has declared a quarterly dividend of $0.46 per share, yielding around 1.6%, to be paid on September 16th to shareholders on record by September 2nd.

Ieq Capital LLC acquired a new position in shares of Stifel Financial Corporation (NYSE:SF - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 77,499 shares of the financial services provider's stock, valued at approximately $7,305,000. Ieq Capital LLC owned about 0.08% of Stifel Financial at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. NBC Securities Inc. acquired a new position in shares of Stifel Financial during the 1st quarter worth about $26,000. Alpine Bank Wealth Management acquired a new position in shares of Stifel Financial during the 1st quarter worth about $27,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of 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 buying an additional 183 shares during the last quarter. Allworth Financial LP lifted its stake in Stifel Financial by 67.7% in 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. Finally, Quarry LP acquired a new stake in Stifel Financial in the 4th quarter valued at about $49,000. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Stifel Financial

In other news, Director Michael J. Zimmerman sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $96.69, for a total transaction of $966,900.00. Following the transaction, the director directly owned 45,833 shares of the company's stock, valued at approximately $4,431,592.77. This trade represents a 17.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have purchased 7 shares of company stock worth $781 over the last quarter. 4.57% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

SF has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Stifel Financial from a "sell" rating to a "hold" rating in a research note on Sunday, August 3rd. Stifel Nicolaus set a $135.00 target price on shares of Stifel Financial in a research note on Thursday, July 31st. Wells Fargo & Company raised 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. Citigroup upgraded shares of Stifel Financial from a "neutral" rating to a "buy" rating and raised their target price for the company from $115.00 to $135.00 in a research note on Thursday, July 31st. Finally, JMP Securities raised their target price on shares of Stifel Financial from $120.00 to $130.00 and gave the company a "market outperform" rating in a research note on Monday, July 14th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $115.78.

Stifel Financial Stock Performance

SF stock traded down $1.12 during mid-day trading on Wednesday, hitting $113.18. 56,017 shares of the company were exchanged, compared to its average volume of 784,196. The business has a 50 day simple moving average of $110.95 and a 200-day simple moving average of $99.97. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $11.56 billion, a PE ratio of 21.94 and a beta of 1.13. Stifel Financial Corporation has a 1-year low of $73.27 and a 1-year high of $120.64.

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 firm 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 business's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the business posted $1.60 earnings per share. On average, equities analysts forecast that Stifel Financial Corporation will post 8.26 earnings per share for the current year.

Stifel Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $1.84 annualized dividend and a dividend yield of 1.6%. Stifel Financial's dividend payout ratio (DPR) is currently 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.