Stifel Financial Corporation $SF Shares Purchased by Vest Financial LLC

Vest Financial LLC raised its position in Stifel Financial Corporation (NYSE:SF) by 94.8% in the third quarter, HoldingsChannel.com reports. The fund owned 52,170 shares of the financial services provider’s stock after purchasing an additional 25,392 shares during the quarter. Vest Financial LLC’s holdings in Stifel Financial were worth $3,654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of SF. Caitong International Asset Management Co. Ltd acquired a new position in shares of Stifel Financial during the 4th quarter worth about $34,000. Danske Bank A S bought a new stake in shares of Stifel Financial in the 2nd quarter valued at about $31,000. Elevation Wealth Partners LLC raised its holdings in shares of Stifel Financial by 92.8% in the 3rd quarter. Elevation Wealth Partners LLC now owns 457 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 220 shares during the period. JTC Employer Solutions Trustee Ltd lifted its stake in Stifel Financial by 49.8% in the 1st quarter. JTC Employer Solutions Trustee Ltd now owns 481 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 160 shares during the last quarter. Finally, Keating Financial Advisory Services Inc. acquired a new stake in Stifel Financial in the 2nd quarter valued at about $35,000. Institutional investors own 82.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stifel Financial in a report on Wednesday, August 26th. UBS Group set a $83.00 price objective on Stifel Financial and gave the company a “buy” rating in a research note on Thursday. Wall Street Zen lowered Stifel Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. BMO Capital Markets cut their price objective on Stifel Financial from $85.00 to $75.00 and set a “market perform” rating for the company in a research report on Tuesday, October 6th. Finally, TD Cowen reduced their target price on Stifel Financial from $84.00 to $78.00 and set a “hold” rating for the company in a research note on Monday, October 12th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Stifel Financial currently has an average rating of “Moderate Buy” and a consensus target price of $85.71.

Stifel Financial Stock Performance

Shares of SF stock opened at $66.69 on Friday. Stifel Financial Corporation has a 52 week low of $65.40 and a 52 week high of $89.83. The company has a market capitalization of $10.07 billion, a price-to-earnings ratio of 11.15 and a beta of 1.01. The company has a 50-day simple moving average of $74.85 and a 200 day simple moving average of $75.82. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.83 and a current ratio of 0.88.

Stifel Financial (NYSE:SF) last released its quarterly earnings results on Wednesday, October 21st. The financial services provider reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.02. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Stifel Financial had a net margin of 16.50% and a return on equity of 19.38%. The business’s revenue was down .2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.95 EPS. On average, sell-side analysts predict that Stifel Financial Corporation will post 6.11 earnings per share for the current year.

Stifel Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given a $0.34 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $1.36 annualized dividend and a dividend yield of 2.0%. Stifel Financial’s dividend payout ratio is presently 24.33%.

Stifel Financial Profile

Stifel Financial Corp. is a financial services holding company headquartered in St. Louis, Missouri. Through its principal operating subsidiaries, including Stifel, Nicolaus & Company, Incorporated, the company provides wealth management, investment banking, securities brokerage and related financial services to individual investors, corporations, municipalities and institutional clients.

Its wealth management business offers investment advice, brokerage services, financial planning, banking and lending solutions, and access to a range of investment products.