Requisite Capital Management LLC Acquires New Holdings in Stifel Financial Corporation $SF

Key Points

• Requisite Capital Management acquired 79,119 shares of Stifel Financial worth approximately $5.52 million, making up 0.9% of its portfolio. Institutional investors and hedge funds collectively own 82.01% of the company.
• Stifel Financial exceeded quarterly expectations, reporting $1.42 in EPS versus the $1.33 consensus and $1.45 billion in revenue, up 13% year over year. The company also declared a quarterly dividend of $0.34 per share, representing a 1.7% yield.
• Shares opened at $78.74, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $91.90; targets range from $86 to $90 among recently cited firms.

Requisite Capital Management LLC bought a new stake in shares of Stifel Financial Corporation (NYSE:SF - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 79,119 shares of the financial services provider's stock, valued at approximately $5,520,000. Stifel Financial makes up approximately 0.9% of Requisite Capital Management LLC's holdings, making the stock its 14th largest holding. Requisite Capital Management LLC owned 0.05% of Stifel Financial at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of SF. BlackRock Inc. acquired a new position in Stifel Financial during the 2nd quarter worth $1,031,197,000. Bank of America Corp DE bought a new position in Stifel Financial in the second quarter worth $123,551,000. AQR Capital Management LLC boosted its position in shares of Stifel Financial by 94.8% during the 4th quarter. AQR Capital Management LLC now owns 2,893,850 shares of the financial services provider's stock valued at $362,368,000 after acquiring an additional 1,408,347 shares in the last quarter. Norges Bank acquired a new stake in Stifel Financial during the fourth quarter valued at approximately $172,446,000. Finally, Bank of New York Mellon Corp bought a new stake in Stifel Financial in the second quarter valued at $93,235,000. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Maryam S. Brown sold 4,700 shares of the company's stock in a transaction 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 sale, the director owned 5,729 shares in the company, valued at $453,736.80. This represents a 45.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.36% of the stock is owned by company insiders.

Stifel Financial Stock Performance

Shares of SF stock opened at $78.74 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.88 and a quick ratio of 0.83. The stock has a market cap of $11.89 billion, a PE ratio of 14.09 and a beta of 0.98. The stock has a 50-day moving average of $79.14 and a 200-day moving average of $76.21. Stifel Financial Corporation has a one year low of $67.81 and a one year high of $89.83.

Stifel Financial (NYSE:SF - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.09. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. Stifel Financial had a net margin of 16.11% and a return on equity of 19.22%. Stifel Financial's quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.71 EPS. As a group, sell-side analysts expect that Stifel Financial Corporation will post 6.36 earnings per share for the current year.

Stifel Financial Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Stifel Financial 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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