Stifel Financial Corporation $SF Stake Cut by Tidal Investments LLC

Key Points

• Tidal Investments cut its Stifel Financial stake by 61.5% in the second quarter, selling 14,329 shares and retaining 8,955 shares valued at approximately $625,000. Institutional investors collectively own 82.01% of the company.
• Analyst sentiment remains generally positive: Stifel has a consensus rating of “Moderate Buy” and an average price target of $91.90, despite one firm downgrading the stock to “hold.”
• Stifel reported quarterly EPS of $1.42, exceeding estimates of $1.33, while revenue rose 13% year over year to $1.45 billion. The company also paid a quarterly dividend of $0.34 per share, representing a 1.8% yield.

Tidal Investments LLC lessened its holdings in Stifel Financial Corporation (NYSE:SF - Free Report) by 61.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,955 shares of the financial services provider's stock after selling 14,329 shares during the quarter. Tidal Investments LLC's holdings in Stifel Financial were worth $625,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SF. Caitong International Asset Management Co. Ltd bought a new position in shares of Stifel Financial in the 4th quarter worth about $34,000. Cullen Frost Bankers Inc. acquired a new stake in Stifel Financial during the fourth quarter worth about $50,000. Danske Bank A S bought a new position in Stifel Financial in the second quarter worth about $31,000. JTC Employer Solutions Trustee Ltd boosted its stake in Stifel Financial by 49.8% in the first quarter. JTC Employer Solutions Trustee Ltd now owns 481 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 160 shares during the period. Finally, Keating Financial Advisory Services Inc. acquired a new stake in shares of Stifel Financial during the 2nd quarter worth approximately $35,000. Institutional investors own 82.01% of the company's stock.

Insider Buying and Selling at Stifel Financial

In other news, Director Maryam Brown sold 4,700 shares of the business's stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $79.20, for a total transaction of $372,240.00. Following the sale, the director directly owned 5,729 shares in the company, valued at approximately $453,736.80. The trade was a 45.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 3.36% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SF. Wall Street Zen cut Stifel Financial from a "buy" rating to a "hold" rating in a report on Sunday, August 9th. JPMorgan Chase & Co. lifted their target price on Stifel Financial from $80.00 to $86.00 and gave the stock a "neutral" rating in a report on Thursday, July 23rd. UBS Group set a $90.00 target price on Stifel Financial in a report on Thursday, July 23rd. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Stifel Financial in a research report on Wednesday, August 26th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.90.

Stifel Financial Price Performance

Shares of Stifel Financial stock opened at $75.73 on Tuesday. 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 company has a market cap of $11.44 billion, a PE ratio of 13.56 and a beta of 0.98. The firm has a fifty day moving average price of $80.83 and a two-hundred day moving average price of $76.33. Stifel Financial Corporation has a fifty-two week low of $67.81 and a fifty-two week high of $89.83.

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

Stifel Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a $0.34 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.8%. Stifel Financial's dividend payout ratio (DPR) is currently 24.33%.

About Stifel Financial

Stifel Financial Corp. is a diversified financial services company headquartered in St. Louis, Missouri. Through its principal broker-dealer, Stifel, Nicolaus & Company, Incorporated, the company provides wealth management, investment banking, institutional brokerage, securities research, sales and trading, and public finance services to individuals, corporations, municipalities and institutional investors.

Its wealth management business offers investment advisory, brokerage, banking and financial planning services through financial advisors and private client groups.

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