Stifel Financial Corporation $SF Shares Purchased by Focus Partners Wealth

Key Points

• Focus Partners Wealth increased its holdings in Stifel Financial Corporation by 17.5%, acquiring an additional 3,887 shares, making their total ownership worth $2,464,000.
• Stifel Financial reported $1.71 EPS for the last quarter, exceeding analysts' expectations of $1.65, while revenue rose by 5.4% year-over-year.
• The company will pay a quarterly dividend of $0.46 per share on September 16th, representing a 1.6% yield.

Focus Partners Wealth raised its holdings in shares of Stifel Financial Corporation (NYSE:SF - Free Report) by 17.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,144 shares of the financial services provider's stock after buying an additional 3,887 shares during the quarter. Focus Partners Wealth's holdings in Stifel Financial were worth $2,464,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. NBC Securities Inc. purchased a new stake in shares of Stifel Financial during the first quarter worth $26,000. Alpine Bank Wealth Management purchased a new stake in shares of Stifel Financial during the first quarter worth $27,000. Allworth Financial LP grew 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 worth $29,000 after buying an additional 136 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Stifel Financial by 123.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the financial services provider's stock worth $31,000 after buying an additional 183 shares in the last quarter. Finally, Bessemer Group Inc. grew its holdings in shares of Stifel Financial by 53.0% during the first quarter. Bessemer Group Inc. now owns 491 shares of the financial services provider's stock worth $46,000 after buying an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 82.01% of the company's stock.

Stifel Financial Trading Down 0.6%

SF stock traded down $0.68 during mid-day trading on Friday, hitting $114.89. 2,585,811 shares of the company were exchanged, compared to its average volume of 631,954. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $11.74 billion, a P/E ratio of 22.26 and a beta of 1.13. The business has a fifty day simple moving average of $112.86 and a 200-day simple moving average of $100.74. Stifel Financial Corporation has a 12-month low of $73.27 and a 12-month high of $120.64.

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

Stifel Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. Stifel Financial's dividend payout ratio (DPR) is 35.66%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on SF shares. Wall Street Zen raised shares of Stifel Financial from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd. Stifel Nicolaus set a $135.00 price objective on shares of Stifel Financial in a report on Thursday, July 31st. JMP Securities upped their price objective on shares of Stifel Financial from $120.00 to $130.00 and gave the company a "market outperform" rating in a report on Monday, July 14th. Zacks Research lowered shares of Stifel Financial from a "strong-buy" rating to a "hold" rating in a report on Monday, September 8th. Finally, Wells Fargo & Company upped their price objective on shares of Stifel Financial from $102.00 to $125.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $115.78.

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.