Voleon Capital Management LP Acquires Shares of 12,009 Stifel Financial Corporation $SF

Key Points

• Voleon Capital Management LP acquired 12,009 shares of Stifel Financial Corporation valued at approximately $1,132,000 in the 1st quarter.
• Stifel Financial received upgraded ratings from several analysts, with a consensus price target of $115.78 and ratings of "Buy" and "Hold" from multiple research firms.
• The company announced a quarterly dividend of $0.46 per share, representing an annualized dividend yield of 1.6%, with a payout ratio of 35.66%.

Voleon Capital Management LP acquired a new stake in shares of Stifel Financial Corporation (NYSE:SF - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 12,009 shares of the financial services provider's stock, valued at approximately $1,132,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Journey Strategic Wealth LLC lifted its stake in Stifel Financial by 4.2% during the 1st quarter. Journey Strategic Wealth LLC now owns 2,907 shares of the financial services provider's stock valued at $274,000 after acquiring an additional 117 shares during the period. Stratos Wealth Partners LTD. lifted its stake in Stifel Financial by 3.0% during the 1st quarter. Stratos Wealth Partners LTD. now owns 4,328 shares of the financial services provider's stock valued at $408,000 after acquiring an additional 127 shares during the period. Allworth Financial LP lifted its stake in Stifel Financial by 67.7% during the 1st 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 during the period. Venturi Wealth Management LLC lifted its stake in Stifel Financial by 2.7% during the 1st quarter. Venturi Wealth Management LLC now owns 5,549 shares of the financial services provider's stock valued at $523,000 after acquiring an additional 146 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in Stifel Financial by 5.8% during the 1st quarter. NewEdge Advisors LLC now owns 2,673 shares of the financial services provider's stock valued at $252,000 after acquiring an additional 147 shares during the period. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SF has been the topic of a number of recent analyst reports. Stifel Nicolaus set a $135.00 price target on shares of Stifel Financial in a report on Thursday, July 31st. Wall Street Zen raised shares of Stifel Financial from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd. Citigroup raised shares of Stifel Financial from a "neutral" rating to a "buy" rating and increased their price target for the stock from $115.00 to $135.00 in a report on Thursday, July 31st. JMP Securities increased their price target on shares of Stifel Financial from $120.00 to $130.00 and gave the stock a "market outperform" rating in a report on Monday, July 14th. Finally, Wells Fargo & Company increased their price target on shares of Stifel Financial from $102.00 to $125.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Stifel Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $115.78.

Stifel Financial Price Performance

Shares of NYSE SF opened at $112.85 on Tuesday. The firm has a market cap of $11.53 billion, a PE ratio of 21.87 and a beta of 1.13. The firm has a fifty day moving average of $111.77 and a 200 day moving average of $100.05. 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 Corporation has a one year low of $73.27 and a one year high of $120.64.

Stifel Financial (NYSE:SF - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $1.71 EPS 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%. The firm's revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.60 EPS. As a group, research analysts predict that Stifel Financial Corporation will post 8.26 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.6%. Stifel Financial's dividend payout ratio is presently 35.66%.

About Stifel Financial

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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