Requisite Capital Management LLC Acquires Shares of 79,119 Stifel Financial Corporation $SF

Key Points

• Requisite Capital Management initiated a position of 79,119 Stifel Financial shares valued at approximately $5.52 million, representing about 0.05% of the company and 0.9% of the fund’s portfolio. Institutional investors collectively own 82.01% of Stifel’s stock.
• Stifel reported quarterly adjusted earnings of $1.42 per share, beating estimates of $1.33, while revenue rose 13% year over year to $1.45 billion. Analysts have a “Moderate Buy” consensus rating and an average price target of $91.90.
• The company declared a quarterly dividend of $0.34, or $1.36 annualized, yielding approximately 1.6%. Shares recently traded at $84.00, within a 52-week range of $67.81 to $89.83.

Requisite Capital Management LLC purchased a new position in shares of Stifel Financial Corporation (NYSE:SF - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 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 portfolio, making the stock its 12th largest position. Requisite Capital Management LLC owned approximately 0.05% of Stifel Financial at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SF. Advisory Services Network LLC bought a new stake in Stifel Financial in the third quarter valued at about $29,000. Activest Wealth Management increased its holdings in shares of Stifel Financial by 12,000.0% in the 4th quarter. Activest Wealth Management now owns 242 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 240 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Stifel Financial during the 4th quarter valued at approximately $34,000. JTC Employer Solutions Trustee Ltd lifted its stake in Stifel Financial by 49.8% during the first quarter. JTC Employer Solutions Trustee Ltd now owns 481 shares of the financial services provider's stock worth $36,000 after purchasing an additional 160 shares during the last quarter. Finally, Cullen Frost Bankers Inc. bought a new position in Stifel Financial during the fourth quarter worth $50,000. 82.01% of the stock is owned by hedge funds and other institutional investors.

Stifel Financial Stock Performance

SF opened at $84.00 on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.83 and a debt-to-equity ratio of 0.33. The business's 50 day moving average is $77.37 and its 200-day moving average is $76.46. The stock has a market cap of $12.68 billion, a PE ratio of 15.04 and a beta of 0.99. Stifel Financial Corporation has a twelve month low of $67.81 and a twelve month high of $89.83.

Stifel Financial (NYSE:SF - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 EPS for the quarter, beating the consensus estimate of $1.33 by $0.09. The firm had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.42 billion. Stifel Financial had a return on equity of 19.22% and a net margin of 16.11%.The firm's revenue was up 13.0% compared to the same quarter last year. During the same period last year, the firm earned $1.71 EPS. On average, 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 announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Tuesday, September 1st. Stifel Financial's dividend payout ratio is currently 24.33%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on SF shares. Zacks Research raised shares of Stifel Financial from a "strong sell" rating to a "hold" rating in a report on Wednesday, May 20th. Weiss Ratings reissued a "buy (b-)" rating on shares of Stifel Financial in a report on Friday, May 29th. JPMorgan Chase & Co. lifted their target price on Stifel Financial from $80.00 to $86.00 and gave the company a "neutral" rating in a research note on Thursday, July 23rd. Wall Street Zen lowered Stifel Financial from a "buy" rating to a "hold" rating in a report on Sunday, August 9th. Finally, UBS Group set a $90.00 price target on Stifel Financial in a research report on Thursday, July 23rd. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Stifel Financial presently has an average rating of "Moderate Buy" and an average price target of $91.90.

Insider Activity at Stifel Financial

In other news, Director Maryam S. Brown sold 4,700 shares of the company's 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 sale, the director directly owned 5,729 shares of the company's stock, valued at approximately $453,736.80. This represents a 45.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.36% of the company's stock.

About Stifel Financial

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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