Pallas Capital Advisors LLC Invests $846,000 in Stifel Financial Corporation $SF

Pallas Capital Advisors LLC purchased a new position in Stifel Financial Corporation (NYSE:SF) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 12,124 shares of the financial services provider’s stock, valued at approximately $846,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP raised its stake in Stifel Financial by 13.8% during the third quarter. Wellington Management Group LLP now owns 3,451,787 shares of the financial services provider’s stock valued at $391,674,000 after buying an additional 419,038 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Stifel Financial by 94.8% in the 4th quarter. AQR Capital Management LLC now owns 2,893,850 shares of the financial services provider’s stock worth $362,368,000 after acquiring an additional 1,408,347 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Stifel Financial by 51.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,616,616 shares of the financial services provider’s stock worth $193,403,000 after acquiring an additional 890,810 shares in the last quarter. Boston Partners increased its holdings in shares of Stifel Financial by 2.0% in the 3rd quarter. Boston Partners now owns 2,371,880 shares of the financial services provider’s stock valued at $269,128,000 after acquiring an additional 45,631 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Stifel Financial by 58.7% in the 1st quarter. Bank of America Corp DE now owns 1,875,501 shares of the financial services provider’s stock valued at $138,637,000 after acquiring an additional 693,437 shares during the last quarter. 82.01% of the stock is owned by institutional investors.

Stifel Financial Stock Down 0.3%

NYSE:SF opened at $83.76 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.83 and a debt-to-equity ratio of 0.33. The stock has a 50 day moving average of $77.61 and a 200-day moving average of $76.46. The firm has a market capitalization of $12.65 billion, a PE ratio of 14.99 and a beta of 0.99. Stifel Financial Corporation has a 52 week low of $67.81 and a 52 week high of $89.83.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.09. Stifel Financial had a return on equity of 19.22% and a net margin of 16.11%.The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the business posted $1.71 EPS. The business’s revenue was up 13.0% on a year-over-year basis. Analysts predict that Stifel Financial Corporation will post 6.36 EPS for the current year.

Stifel Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.34 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.36 annualized dividend and a yield of 1.6%. Stifel Financial’s dividend payout ratio (DPR) is currently 24.33%.

Insiders Place Their Bets

In other Stifel Financial news, Director Maryam S. Brown sold 4,700 shares of the firm’s stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $79.20, for a total value of $372,240.00. Following the sale, the director directly owned 5,729 shares in the company, valued at approximately $453,736.80. This trade represents a 45.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.36% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SF. Zacks Research raised Stifel Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. JPMorgan Chase & Co. lifted their price objective on shares of Stifel Financial from $80.00 to $86.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Wall Street Zen lowered shares of Stifel Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Weiss Ratings reissued a “buy (b-)” rating on shares of Stifel Financial in a report on Friday, May 29th. Finally, UBS Group set a $90.00 price target on shares of Stifel Financial in a research report on Thursday, July 23rd. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $91.90.

About Stifel Financial

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.