Sequoia Financial Advisors LLC Takes Position in Stifel Financial Corporation $SF

Key Points

• Sequoia Financial Advisors LLC acquired 5,836 shares of Stifel Financial Corporation, totaling approximately $606,000, during the second quarter.
• Stifel Financial's stock has received upgrades from multiple analysts, with target prices now reaching as high as $135.00 from firms like JMP Securities and TD Cowen.
• The company also recently announced a quarterly dividend of $0.46 per share, reflecting a 1.7% dividend yield and a payout ratio of 35.66%.

Sequoia Financial Advisors LLC bought a new position in shares of Stifel Financial Corporation (NYSE:SF - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,836 shares of the financial services provider's stock, valued at approximately $606,000.

Several other large investors also recently modified their holdings of the business. Alpine Bank Wealth Management purchased a new stake in Stifel Financial in the 1st quarter worth approximately $27,000. Allworth Financial LP raised its holdings in shares of Stifel Financial by 67.7% during the first quarter. Allworth Financial LP now owns 337 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 136 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Stifel Financial by 40.8% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 466 shares of the financial services provider's stock worth $48,000 after acquiring an additional 135 shares during the period. Bessemer Group Inc. boosted its holdings in Stifel Financial by 53.0% in the first quarter. Bessemer Group Inc. now owns 491 shares of the financial services provider's stock valued at $46,000 after acquiring an additional 170 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in Stifel Financial in the first quarter valued at $68,000. 82.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. JMP Securities raised their target price on shares of Stifel Financial from $130.00 to $135.00 and gave the stock a "market outperform" rating in a research report on Thursday, October 9th. TD Cowen raised shares of Stifel Financial from a "hold" rating to a "buy" rating and increased their price target for the stock from $118.00 to $131.00 in a research note on Wednesday, October 8th. Stifel Nicolaus set a $131.00 price objective on Stifel Financial in a research report on Wednesday, October 8th. Cowen upgraded Stifel Financial from a "hold" rating to a "buy" rating in a report on Wednesday, October 8th. Finally, UBS Group set a $135.00 target price on Stifel Financial in a research note on Thursday, October 9th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, Stifel Financial has an average rating of "Moderate Buy" and a consensus target price of $122.60.

Stifel Financial Price Performance

Shares of NYSE SF opened at $110.26 on Monday. The company has a 50 day simple moving average of $113.23 and a two-hundred day simple moving average of $102.97. Stifel Financial Corporation has a fifty-two week low of $73.27 and a fifty-two week high of $120.64. The company has a market capitalization of $11.27 billion, a price-to-earnings ratio of 21.37 and a beta of 1.13. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.82.

Stifel Financial (NYSE:SF - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.06. Stifel Financial had a return on equity of 13.93% and a net margin of 11.90%.The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the business posted $1.60 EPS. The firm's quarterly revenue was up 5.4% compared to the same quarter last year. Analysts expect that Stifel Financial Corporation will post 8.26 EPS for the current fiscal year.

Stifel Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $0.46 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $1.84 annualized dividend and a dividend yield of 1.7%. Stifel Financial's dividend payout ratio (DPR) is presently 35.66%.

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.

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