Vise Technologies Inc. Takes $915,000 Position in Stifel Financial Corporation $SF

Vise Technologies Inc. bought a new stake in Stifel Financial Corporation (NYSE:SF - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 13,115 shares of the financial services provider's stock, valued at approximately $915,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Advisory Services Network LLC acquired a new position in Stifel Financial during the third quarter valued at approximately $29,000. Activest Wealth Management grew its stake in Stifel Financial by 12,000.0% in the fourth quarter. Activest Wealth Management now owns 242 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 240 shares in the last quarter. Danske Bank A S acquired a new position in shares of Stifel Financial during the 2nd quarter worth approximately $31,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Stifel Financial during the 4th quarter worth approximately $34,000. Finally, JTC Employer Solutions Trustee Ltd raised its stake in shares of Stifel Financial by 49.8% during the 1st 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 in the last quarter. Institutional investors own 82.01% of the company's stock.

Insider Activity at Stifel Financial

In related news, Director Maryam S. Brown sold 4,700 shares of Stifel Financial stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $79.20, for a total transaction of $372,240.00. Following the completion of the sale, the director owned 5,729 shares of the company's stock, valued at approximately $453,736.80. The trade was a 45.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.36% of the company's stock.

Stifel Financial Stock Down 0.0%

SF stock opened at $80.95 on Monday. 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 firm has a market capitalization of $12.22 billion, a PE ratio of 14.49 and a beta of 0.99. Stifel Financial Corporation has a 1-year low of $67.81 and a 1-year high of $89.83. The business's 50 day simple moving average is $78.20 and its 200 day simple moving average is $76.43.

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

Stifel Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Tuesday, September 1st. Stifel Financial's dividend payout ratio (DPR) is currently 24.33%.

Wall Street Analysts Forecast Growth

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