Fifth Third Wealth Advisors LLC Purchases Shares of 3,498 Stifel Financial Corp. (NYSE:SF)

Fifth Third Wealth Advisors LLC purchased a new stake in shares of Stifel Financial Corp. (NYSE:SF) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 3,498 shares of the financial services provider’s stock, valued at approximately $294,000.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Stifel Financial during the 4th quarter worth approximately $84,369,000. Vanguard Group Inc. raised its position in Stifel Financial by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 10,461,734 shares of the financial services provider’s stock valued at $817,794,000 after purchasing an additional 391,384 shares in the last quarter. Earnest Partners LLC raised its position in Stifel Financial by 7.0% during the 1st quarter. Earnest Partners LLC now owns 2,932,059 shares of the financial services provider’s stock valued at $229,199,000 after purchasing an additional 191,896 shares in the last quarter. Principal Financial Group Inc. raised its position in Stifel Financial by 12.8% during the 1st quarter. Principal Financial Group Inc. now owns 1,332,258 shares of the financial services provider’s stock valued at $104,143,000 after purchasing an additional 151,046 shares in the last quarter. Finally, Access Investment Management LLC bought a new stake in Stifel Financial during the 4th quarter valued at $9,840,000. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on SF shares. Wolfe Research lowered Stifel Financial from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 22nd. StockNews.com downgraded Stifel Financial from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, TD Cowen boosted their target price on Stifel Financial from $85.00 to $88.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $83.50.

Stifel Financial Stock Performance

Shares of SF traded up $0.69 during mid-day trading on Wednesday, reaching $85.57. The company had a trading volume of 295,180 shares, compared to its average volume of 599,103. Stifel Financial Corp. has a 52-week low of $54.81 and a 52-week high of $90.00. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $8.77 billion, a P/E ratio of 19.45 and a beta of 1.11. The stock has a 50 day moving average of $82.94 and a two-hundred day moving average of $79.54.

Stifel Financial (NYSE:SF) last issued its earnings results on Wednesday, July 24th. The financial services provider reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.06. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.18 billion. Stifel Financial had a return on equity of 13.24% and a net margin of 11.59%. The company’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.20 earnings per share. On average, analysts expect that Stifel Financial Corp. will post 6.55 earnings per share for the current year.

Stifel Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be issued a $0.42 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $1.68 dividend on an annualized basis and a yield of 1.96%. Stifel Financial’s payout ratio is 38.18%.

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.