Plancorp LLC Makes New $867,000 Investment in Stifel Financial Corporation $SF

Key Points

• Plancorp LLC has made a new investment of $867,000 in Stifel Financial Corporation, purchasing 9,200 shares in the first quarter of the year.
• Stifel Financial reported $1.71 earnings per share for the last quarter, outperforming expectations, with a revenue increase of 5.4% year-over-year.
• The company declared a quarterly dividend of $0.46 per share, with a yield of 1.6%, set to be paid on September 16th.

Plancorp LLC acquired a new stake in shares of Stifel Financial Corporation (NYSE:SF - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 9,200 shares of the financial services provider's stock, valued at approximately $867,000.

A number of other hedge funds have also recently bought and sold shares of SF. NBC Securities Inc. acquired a new stake in Stifel Financial during the 1st quarter valued at approximately $26,000. Alpine Bank Wealth Management acquired a new stake in Stifel Financial during the 1st quarter valued at approximately $27,000. Allworth Financial LP grew its stake in Stifel Financial by 67.7% during 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 in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in 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 valued at $31,000 after purchasing an additional 183 shares in the last quarter. Finally, Bessemer Group Inc. grew its stake in Stifel Financial by 53.0% during the 1st quarter. Bessemer Group Inc. now owns 491 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 170 shares in the last quarter. Institutional investors and hedge funds own 82.01% of the company's stock.

Stifel Financial Stock Performance

NYSE:SF traded up $0.43 during midday trading on Wednesday, reaching $113.03. 590,157 shares of the company traded hands, compared to its average volume of 783,408. Stifel Financial Corporation has a twelve month low of $73.27 and a twelve month high of $120.64. The firm has a market capitalization of $11.55 billion, a price-to-earnings ratio of 21.90 and a beta of 1.13. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.82 and a quick ratio of 0.77. The company has a fifty day moving average price of $111.92 and a 200 day moving average price of $100.13.

Stifel Financial (NYSE:SF - Get Free Report) last released 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. Stifel Financial had a return on equity of 13.93% and a net margin of 11.90%.The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the previous year, the firm posted $1.60 EPS. The business's revenue for the quarter was up 5.4% compared to the same quarter last year. On average, analysts expect that Stifel Financial Corporation will post 8.26 EPS for the current fiscal year.

Stifel Financial Announces Dividend

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 given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. Stifel Financial's payout ratio is 35.66%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SF. Wells Fargo & Company raised their price objective on Stifel Financial from $102.00 to $125.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Wall Street Zen upgraded Stifel Financial from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd. Zacks Research lowered Stifel Financial from a "strong-buy" rating to a "hold" rating in a research report on Monday. Stifel Nicolaus set a $135.00 target price on Stifel Financial in a research report on Thursday, July 31st. Finally, JMP Securities lifted their target price on Stifel Financial from $120.00 to $130.00 and gave the stock a "market outperform" rating in a research report on Monday, July 14th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, Stifel Financial presently has a consensus rating of "Hold" and an average price target of $115.78.

Stifel Financial 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.