WINTON GROUP Ltd Increases Stock Position in Stifel Financial Corporation $SF

Key Points

• WINTON GROUP Ltd increased its Stifel Financial stake by 21.4% in the second quarter, acquiring 52,778 shares and bringing its holdings to 299,748 shares worth approximately $20.9 million. Institutional investors collectively own 82.01% of the company.
• Stifel Financial reported quarterly earnings of $1.42 per share, beating estimates of $1.33, while revenue rose 13% year over year to $1.45 billion. The company also declared a $0.34 quarterly dividend, representing a 1.7% annualized yield.
• Analysts maintain a generally positive outlook, with an average rating of “Moderate Buy” and an average price target of $91.90, compared with the stock’s reported price of $80.66.

WINTON GROUP Ltd lifted its stake in Stifel Financial Corporation (NYSE:SF - Free Report) by 21.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 299,748 shares of the financial services provider's stock after acquiring an additional 52,778 shares during the quarter. Stifel Financial accounts for about 0.7% of WINTON GROUP Ltd's investment portfolio, making the stock its 19th largest holding. WINTON GROUP Ltd owned 0.20% of Stifel Financial worth $20,913,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Advisory Services Network LLC purchased a new stake in Stifel Financial in the third quarter worth approximately $29,000. Danske Bank A S bought a new position in shares of Stifel Financial during the 2nd quarter valued at $31,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Stifel Financial during the 4th quarter valued at $34,000. Keating Financial Advisory Services Inc. bought a new stake in shares of Stifel Financial in the second quarter worth $35,000. Finally, JTC Employer Solutions Trustee Ltd increased its position in Stifel Financial by 49.8% during 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 last quarter. 82.01% of the stock is owned by hedge funds and other institutional investors.

Stifel Financial Trading Down 0.1%

Stifel Financial stock opened at $80.66 on Thursday. The firm has a 50 day moving average of $80.41 and a 200 day moving average of $76.28. The firm has a market capitalization of $12.18 billion, a price-to-earnings ratio of 14.44 and a beta of 0.98. Stifel Financial Corporation has a 12-month low of $67.81 and a 12-month high of $89.83. The company has a current ratio of 0.88, a quick ratio of 0.83 and a debt-to-equity ratio of 0.33.

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

Stifel Financial Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SF. Wall Street Zen downgraded Stifel Financial from a "buy" rating to a "hold" rating in a research note on Sunday, August 9th. JPMorgan Chase & Co. boosted their target price 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. Zacks Research upgraded shares of Stifel Financial from a "strong sell" rating to a "hold" rating in a research report on Wednesday, May 20th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Stifel Financial in a research note on Wednesday, August 26th. Finally, UBS Group set a $90.00 price objective on shares of Stifel Financial in a research report on Thursday, July 23rd. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $91.90.

Insider Buying and Selling at Stifel Financial

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

Stifel Financial Company 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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