Chicago Partners Investment Group LLC Acquires 7,375 Shares of Stifel Financial Corporation $SF

Chicago Partners Investment Group LLC raised its holdings in Stifel Financial Corporation (NYSE:SF) by 155.8% during the 1st quarter, HoldingsChannel.com reports. The fund owned 12,108 shares of the financial services provider’s stock after buying an additional 7,375 shares during the period. Chicago Partners Investment Group LLC’s holdings in Stifel Financial were worth $937,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Advisory Services Network LLC purchased a new stake in shares of Stifel Financial during the third quarter valued at $29,000. Activest Wealth Management increased its stake in Stifel Financial by 12,000.0% in the 4th quarter. Activest Wealth Management now owns 242 shares of the financial services provider’s stock worth $30,000 after buying an additional 240 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Stifel Financial in the 4th quarter worth about $34,000. Cullen Frost Bankers Inc. purchased a new position in Stifel Financial in the 4th quarter worth about $50,000. Finally, BOKF NA lifted its holdings in Stifel Financial by 1,626.9% during the 3rd quarter. BOKF NA now owns 449 shares of the financial services provider’s stock valued at $51,000 after buying an additional 423 shares in the last quarter. 82.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SF has been the subject of several research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday, May 29th. TD Cowen decreased their price target on shares of Stifel Financial from $136.00 to $92.00 and set a “hold” rating for the company in a research note on Monday, March 23rd. UBS Group reaffirmed a “buy” rating and set a $86.00 price target (down from $89.00) on shares of Stifel Financial in a research note on Wednesday, July 8th. Finally, Zacks Research upgraded Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.75.

Stifel Financial Stock Performance

Shares of SF stock opened at $78.77 on Friday. The firm has a market cap of $12.08 billion, a price-to-earnings ratio of 15.32 and a beta of 1.01. Stifel Financial Corporation has a 52-week low of $67.81 and a 52-week high of $89.83. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.29. The company’s 50 day moving average is $72.92 and its 200 day moving average is $77.02.

Stifel Financial (NYSE:SF) last posted its earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.51 billion. Stifel Financial had a return on equity of 18.76% and a net margin of 15.34%.Stifel Financial’s revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.49 earnings per share. On average, sell-side analysts anticipate that Stifel Financial Corporation will post 6.22 EPS for the current fiscal year.

Stifel Financial Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, June 1st. Stifel Financial’s payout ratio is presently 26.46%.

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.