Vise Technologies Inc. Purchases New Shares in Stifel Financial Corporation $SF

Vise Technologies Inc. acquired a new position in shares of Stifel Financial Corporation (NYSE:SF) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 13,115 shares of the financial services provider’s stock, valued at approximately $915,000.

Other institutional investors also recently modified their holdings of the company. Algebris UK Ltd. acquired a new position in shares of Stifel Financial in the second quarter valued at about $70,086,000. Johnson Financial Group Inc. bought a new position in Stifel Financial during the second quarter worth about $177,000. NewEdge Wealth LLC bought a new position in Stifel Financial during the second quarter worth about $382,000. Great Lakes Advisors LLC acquired a new stake in Stifel Financial in the 2nd quarter worth about $2,904,000. Finally, Danske Bank A S acquired a new stake in Stifel Financial in the 2nd quarter worth about $31,000. Institutional investors own 82.01% of the company’s stock.

Analysts Set New Price Targets

SF has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of Stifel Financial from $80.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stifel Financial in a report on Friday, May 29th. Wall Street Zen downgraded shares of Stifel Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. UBS Group set a $90.00 price target on Stifel Financial in a research note on Thursday, July 23rd. Finally, Zacks Research raised Stifel Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $91.90.

Insider Activity

In related news, Director Maryam S. Brown sold 4,700 shares of Stifel Financial stock in a transaction that occurred 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 transaction, the director directly owned 5,729 shares of the company’s stock, valued at $453,736.80. This trade represents a 45.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 3.36% of the company’s stock.

Stifel Financial Trading Down 0.0%

SF opened at $80.95 on Monday. Stifel Financial Corporation has a twelve month low of $67.81 and a twelve month high of $89.83. The company has a 50-day simple moving average of $78.20 and a 200 day simple moving average of $76.43. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $12.22 billion, a price-to-earnings ratio of 14.49 and a beta of 0.99.

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

Stifel Financial Announces Dividend

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

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.