Inspire Investing LLC Purchases Shares of 7,884 Stifel Financial Corporation $SF

Key Points

• Inspire Investing LLC acquired a new stake in Stifel Financial Corporation, purchasing 7,884 shares valued at approximately $743,000 during the 1st quarter of 2023.
• Stifel Financial reported a quarterly earnings per share of $1.71, exceeding analysts' expectations of $1.65, with a revenue of $1.28 billion.
• The company recently declared a quarterly dividend of $0.46 per share, representing an annualized yield of 1.6% with a payout ratio of 35.66%.

Inspire Investing LLC purchased a new position in shares of Stifel Financial Corporation (NYSE:SF - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 7,884 shares of the financial services provider's stock, valued at approximately $743,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Stifel Financial by 2.1% in the first quarter. Vanguard Group Inc. now owns 10,620,407 shares of the financial services provider's stock valued at $1,001,080,000 after purchasing an additional 217,415 shares during the period. AQR Capital Management LLC increased its stake in Stifel Financial by 314.1% in the first quarter. AQR Capital Management LLC now owns 1,383,836 shares of the financial services provider's stock valued at $126,925,000 after purchasing an additional 1,049,665 shares during the period. Invesco Ltd. increased its stake in Stifel Financial by 0.3% in the first quarter. Invesco Ltd. now owns 1,211,580 shares of the financial services provider's stock valued at $114,204,000 after purchasing an additional 4,115 shares during the period. Northern Trust Corp increased its stake in Stifel Financial by 0.6% in the first quarter. Northern Trust Corp now owns 1,136,207 shares of the financial services provider's stock valued at $107,099,000 after purchasing an additional 7,229 shares during the period. Finally, GAMMA Investing LLC increased its stake in Stifel Financial by 47,124.2% in the first quarter. GAMMA Investing LLC now owns 425,018 shares of the financial services provider's stock valued at $40,062,000 after purchasing an additional 424,118 shares during the period. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Zacks Research lowered shares of Stifel Financial from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 8th. Stifel Nicolaus set a $135.00 price objective on shares of Stifel Financial in a research note on Thursday, July 31st. Citigroup upgraded shares of Stifel Financial from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $115.00 to $135.00 in a research note on Thursday, July 31st. Wall Street Zen upgraded shares of Stifel Financial from a "sell" rating to a "hold" rating in a research note on Sunday, August 3rd. Finally, JMP Securities boosted their price target on shares of Stifel Financial from $120.00 to $130.00 and gave the stock a "market outperform" rating in a research note on Monday, July 14th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $115.78.

Stifel Financial Price Performance

SF traded down $1.65 on Monday, hitting $113.64. 476,192 shares of the company were exchanged, compared to its average volume of 626,703. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.82. The business's fifty day moving average is $112.40 and its 200 day moving average is $100.36. Stifel Financial Corporation has a fifty-two week low of $73.27 and a fifty-two week high of $120.64. The firm has a market capitalization of $11.61 billion, a P/E ratio of 22.02 and a beta of 1.13.

Stifel Financial (NYSE:SF - Get Free Report) last issued its earnings results on Wednesday, July 30th. The financial services provider reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.06. Stifel Financial had a net margin of 11.90% and a return on equity of 13.93%. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the business posted $1.60 earnings per share. The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Stifel Financial Corporation will post 8.26 EPS for the current year.

Stifel Financial Dividend Announcement

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