Yousif Capital Management LLC Sells 504 Shares of Stifel Financial Corporation $SF

Yousif Capital Management LLC lessened its position in shares of Stifel Financial Corporation (NYSE:SF) by 1.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,429 shares of the financial services provider’s stock after selling 504 shares during the period. Yousif Capital Management LLC’s holdings in Stifel Financial were worth $3,677,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in SF. Alpine Bank Wealth Management bought a new stake in shares of Stifel Financial during the first quarter worth approximately $27,000. Allworth Financial LP boosted its holdings in shares of Stifel Financial by 67.7% during the first quarter. Allworth Financial LP now owns 337 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 136 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Stifel Financial by 53.0% during the first quarter. Bessemer Group Inc. now owns 491 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 170 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Stifel Financial by 40.8% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 466 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 135 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Stifel Financial in the first quarter valued at approximately $68,000. Institutional investors own 82.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SF shares. Cowen upgraded Stifel Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, October 8th. Citigroup reiterated an “outperform” rating on shares of Stifel Financial in a research note on Thursday, October 9th. BMO Capital Markets started coverage on Stifel Financial in a research note on Friday, October 3rd. They issued a “market perform” rating and a $121.00 price target for the company. Zacks Research cut Stifel Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 8th. Finally, TD Cowen upgraded Stifel Financial from a “hold” rating to a “buy” rating and boosted their price target for the company from $118.00 to $131.00 in a research note on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $122.60.

Stifel Financial Stock Up 0.9%

Shares of SF opened at $112.08 on Thursday. Stifel Financial Corporation has a one year low of $73.27 and a one year high of $120.64. The company has a market cap of $11.45 billion, a P/E ratio of 21.72 and a beta of 1.13. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.82 and a quick ratio of 0.77. The firm has a 50 day simple moving average of $113.30 and a two-hundred day simple moving average of $102.61.

Stifel Financial (NYSE:SF) last announced its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $1.71 EPS for the quarter, beating the consensus estimate of $1.65 by $0.06. Stifel Financial had a net margin of 11.90% and a return on equity of 13.93%. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the previous year, the business earned $1.60 earnings per share. The company’s revenue was up 5.4% on a year-over-year basis. Research analysts forecast that Stifel Financial Corporation will post 8.26 EPS for the current fiscal year.

Stifel Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.6%. The ex-dividend date was Tuesday, September 2nd. Stifel Financial’s payout ratio is currently 35.66%.

Stifel Financial Company 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.