Inspire Investing LLC Makes New Investment in 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 bought a new stake in shares of Stifel Financial Corporation (NYSE:SF - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 7,884 shares of the financial services provider's stock, valued at approximately $743,000.

Several other institutional investors have also made changes to their positions in the business. AQR Capital Management LLC lifted its holdings in Stifel Financial by 314.1% during the 1st 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 last quarter. GAMMA Investing LLC lifted its holdings in Stifel Financial by 47,124.2% during the 1st 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 last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Stifel Financial by 529.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 398,633 shares of the financial services provider's stock valued at $37,576,000 after purchasing an additional 335,257 shares during the last quarter. Nuveen LLC bought a new position in Stifel Financial during the 1st quarter valued at about $28,564,000. Finally, Vanguard Group Inc. lifted its holdings in Stifel Financial by 2.1% during the 1st 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 last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Stifel Financial Trading Up 1.2%

NYSE SF traded up $1.39 during trading on Thursday, reaching $115.41. 206,557 shares of the stock traded hands, compared to its average volume of 777,283. The firm has a market cap of $11.79 billion, a price-to-earnings ratio of 22.37 and a beta of 1.13. The stock's 50-day moving average price is $112.61 and its 200 day moving average price is $100.54. 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 Corporation has a fifty-two week low of $73.27 and a fifty-two week 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, beating analysts' consensus estimates of $1.65 by $0.06. The firm had revenue of $1.28 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.60 earnings per share. Analysts predict that Stifel Financial Corporation will post 8.26 EPS for the current year.

Stifel Financial Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SF. Wells Fargo & Company boosted their target price on shares of Stifel Financial from $102.00 to $125.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Citigroup raised shares of Stifel Financial from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $115.00 to $135.00 in a research note on Thursday, July 31st. Stifel Nicolaus set a $135.00 target price on shares of Stifel Financial in a research note on Thursday, July 31st. Wall Street Zen raised shares of Stifel Financial from a "sell" rating to a "hold" rating in a research note on Sunday, August 3rd. Finally, Zacks Research downgraded shares of Stifel Financial from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 8th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $115.78.

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.