Wesbanco Bank Inc. Reduces Position in Stifel Financial Corporation $SF

Key Points

• Wesbanco Bank Inc. reduced its stake in Stifel Financial Corporation by 13.9%, now holding 27,200 shares valued at approximately $2.83 million after selling 4,400 shares in the second quarter.
• Multiple investment firms, including Voya Investment Management and Acadian Asset Management, have increased their holdings in Stifel Financial, reflecting significant interest from institutional investors.
• Stifel Financial recently reported $1.71 earnings per share, exceeding estimates, and declared a quarterly dividend of $0.46 per share with a yield of 1.6%.

Wesbanco Bank Inc. cut its stake in shares of Stifel Financial Corporation (NYSE:SF - Free Report) by 13.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,200 shares of the financial services provider's stock after selling 4,400 shares during the quarter. Wesbanco Bank Inc.'s holdings in Stifel Financial were worth $2,823,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Voya Investment Management LLC grew its holdings in shares of Stifel Financial by 39.7% during the first quarter. Voya Investment Management LLC now owns 16,847 shares of the financial services provider's stock valued at $1,588,000 after buying an additional 4,785 shares during the last quarter. Inspire Investing LLC purchased a new stake in shares of Stifel Financial during the first quarter valued at $743,000. Strs Ohio purchased a new stake in shares of Stifel Financial during the first quarter valued at $7,289,000. Acadian Asset Management LLC grew its holdings in shares of Stifel Financial by 365.6% during the first quarter. Acadian Asset Management LLC now owns 65,728 shares of the financial services provider's stock valued at $6,193,000 after buying an additional 51,610 shares during the last quarter. Finally, Focus Partners Wealth boosted its holdings in Stifel Financial by 17.5% in the first quarter. Focus Partners Wealth now owns 26,144 shares of the financial services provider's stock valued at $2,464,000 after purchasing an additional 3,887 shares during the last quarter. 82.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on SF shares. Citigroup raised shares of Stifel Financial from a "neutral" rating to a "buy" rating and upped their price target for the company from $115.00 to $135.00 in a report on Thursday, July 31st. Stifel Nicolaus set a $135.00 price target on shares of Stifel Financial in a report on Thursday, July 31st. JMP Securities upped their price target 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. Wall Street Zen raised shares of Stifel Financial from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd. Finally, Wells Fargo & Company increased their target price on shares of Stifel Financial from $102.00 to $125.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, Stifel Financial currently has a consensus rating of "Hold" and a consensus price target of $115.78.

Stifel Financial Stock Down 0.0%

SF opened at $115.29 on Monday. Stifel Financial Corporation has a twelve month low of $73.27 and a twelve month high of $120.64. 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 company has a 50-day moving average price of $112.27 and a 200 day moving average price of $100.31. The company has a market cap of $11.78 billion, a PE ratio of 22.34 and a beta of 1.13.

Stifel Financial (NYSE:SF - Get Free Report) last released 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 net margin of 11.90% and a return on equity of 13.93%. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the firm earned $1.60 EPS. The company's revenue for the quarter was up 5.4% on a year-over-year basis. Sell-side analysts expect that Stifel Financial Corporation will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. Stifel Financial's dividend payout ratio is 35.66%.

Stifel Financial 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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