Jupiter Topco LLC Buys Shares of 68,400 Stifel Financial Corporation $SF

Key Points

• Jupiter Topco LLC acquired 68,400 shares of Stifel Financial in the second quarter, valued at approximately $4.8 million. Institutional investors and hedge funds collectively own 82.01% of the company.
• Analysts maintain a generally positive outlook, with five Buy ratings and four Hold ratings. Stifel has a “Moderate Buy” consensus rating and an average price target of $91.90, above its reported trading price of $80.78.
• Stifel exceeded quarterly expectations, reporting adjusted earnings of $1.42 per share and revenue of $1.45 billion, while revenue increased 13% year over year. The company also declared a quarterly dividend of $0.34 per share, representing a 1.7% annualized yield.

Jupiter Topco LLC bought a new stake in shares of Stifel Financial Corporation (NYSE:SF - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 68,400 shares of the financial services provider's stock, valued at approximately $4,773,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new position in Stifel Financial during the 2nd quarter valued at approximately $1,031,197,000. Wellington Management Group LLP increased its position in Stifel Financial by 13.8% in the third quarter. Wellington Management Group LLP now owns 3,451,787 shares of the financial services provider's stock worth $391,674,000 after buying an additional 419,038 shares during the period. AQR Capital Management LLC lifted its stake in Stifel Financial by 94.8% in the fourth quarter. AQR Capital Management LLC now owns 2,893,850 shares of the financial services provider's stock valued at $362,368,000 after buying an additional 1,408,347 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Stifel Financial by 51.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,616,616 shares of the financial services provider's stock valued at $193,403,000 after buying an additional 890,810 shares during the last quarter. Finally, Boston Partners boosted its holdings in shares of Stifel Financial by 2.0% during the third quarter. Boston Partners now owns 2,371,880 shares of the financial services provider's stock valued at $269,128,000 after acquiring an additional 45,631 shares during the period. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SF has been the subject of several recent research reports. Zacks Research upgraded shares of Stifel Financial from a "strong sell" rating to a "hold" rating in a research report on Wednesday, May 20th. Wall Street Zen downgraded shares of Stifel Financial from a "buy" rating to a "hold" rating in a research report on Sunday, August 9th. Weiss Ratings reissued a "buy (b-)" rating on shares of Stifel Financial in a research note on Wednesday, August 26th. UBS Group set a $90.00 target price on shares of Stifel Financial in a research report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. raised their price target on shares of Stifel Financial from $80.00 to $86.00 and gave the company a "neutral" rating in a research note on Thursday, July 23rd. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $91.90.

Stifel Financial Trading Down 0.6%

NYSE:SF opened at $80.78 on Tuesday. The stock has a market cap of $12.20 billion, a price-to-earnings ratio of 14.46 and a beta of 0.99. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.83 and a current ratio of 0.88. Stifel Financial Corporation has a 1 year low of $67.81 and a 1 year high of $89.83. The business has a fifty day moving average of $79.04 and a 200-day moving average of $76.23.

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

Stifel Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 1st. Stifel Financial's dividend payout ratio is currently 24.33%.

Insider Buying and Selling at Stifel Financial

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

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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