Drive Wealth Management LLC Takes $216,000 Position in Stifel Financial Corporation $SF

Drive Wealth Management LLC acquired a new stake in Stifel Financial Corporation (NYSE:SF) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,078 shares of the financial services provider’s stock, valued at approximately $216,000.

Several other institutional investors have also modified their holdings of the stock. AQR Capital Management LLC lifted its stake in shares of Stifel Financial by 314.1% during the 1st quarter. AQR Capital Management LLC now owns 1,383,836 shares of the financial services provider’s stock worth $126,925,000 after acquiring an additional 1,049,665 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Stifel Financial by 529.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 398,633 shares of the financial services provider’s stock worth $37,576,000 after acquiring an additional 335,257 shares during the last quarter. Nuveen LLC bought a new stake in shares of Stifel Financial during the 1st quarter worth approximately $28,564,000. Vanguard Group Inc. lifted its stake in shares of Stifel Financial by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 10,620,407 shares of the financial services provider’s stock worth $1,001,080,000 after acquiring an additional 217,415 shares during the last quarter. Finally, Moran Wealth Management LLC bought a new stake in shares of Stifel Financial during the 1st quarter worth approximately $10,200,000. 82.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus set a $131.00 price target on Stifel Financial in a research note on Wednesday, October 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Stifel Financial in a research note on Wednesday, October 8th. BMO Capital Markets assumed coverage on Stifel Financial in a research note on Friday, October 3rd. They set a “market perform” rating and a $121.00 price target for the company. TD Cowen raised Stifel Financial from a “hold” rating to a “buy” rating and raised their price target for the stock from $118.00 to $131.00 in a research note on Wednesday, October 8th. Finally, Zacks Research lowered Stifel Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 8th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $122.60.

Stifel Financial Trading Up 0.3%

SF opened at $112.47 on Wednesday. The stock’s fifty day moving average is $113.21 and its two-hundred day moving average is $103.27. The company has a market capitalization of $11.49 billion, a P/E ratio of 21.80 and a beta of 1.13. Stifel Financial Corporation has a 52 week low of $73.27 and a 52 week high of $120.64. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 0.28.

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

Stifel Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a $0.46 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.6%. Stifel Financial’s dividend payout ratio (DPR) is currently 35.66%.

About Stifel Financial

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.