Studio Investment Management LLC Cuts Stock Position in Stifel Financial Corporation $SF

Studio Investment Management LLC lowered its position in Stifel Financial Corporation (NYSE:SFFree Report) by 1.9% during the second quarter, Holdings Channel reports. The institutional investor owned 5,738 shares of the financial services provider’s stock after selling 109 shares during the quarter. Studio Investment Management LLC’s holdings in Stifel Financial were worth $595,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC boosted its stake in Stifel Financial by 314.1% in 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 purchasing an additional 1,049,665 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Stifel Financial by 529.0% in 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 purchasing an additional 335,257 shares in the last quarter. Nuveen LLC acquired a new stake in Stifel Financial in the 1st quarter worth approximately $28,564,000. Vanguard Group Inc. boosted its stake in Stifel Financial by 2.1% in 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 purchasing an additional 217,415 shares in the last quarter. Finally, Moran Wealth Management LLC acquired a new stake in Stifel Financial in the 1st quarter worth approximately $10,200,000. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Stifel Financial Stock Performance

Shares of NYSE SF opened at $112.47 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28. Stifel Financial Corporation has a 12 month low of $73.27 and a 12 month high of $120.64. The company has a 50 day simple moving average of $113.21 and a two-hundred day simple moving average of $103.27. The stock has a market cap of $11.49 billion, a price-to-earnings ratio of 21.80 and a beta of 1.13.

Stifel Financial (NYSE:SFGet Free Report) 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 analysts’ expectations of $1.25 billion. During the same period in the previous year, the business posted $1.60 EPS. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, analysts predict that Stifel Financial Corporation will post 8.26 earnings per share for the current year.

Stifel Financial Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SF. BMO Capital Markets began coverage on shares of Stifel Financial in a research note on Friday, October 3rd. They issued a “market perform” rating and a $121.00 target price for the company. Wells Fargo & Company lifted their target price on shares of Stifel Financial from $102.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. UBS Group set a $135.00 target price on shares of Stifel Financial in a research note on Thursday, October 9th. Wall Street Zen upgraded shares of Stifel Financial from a “sell” rating to a “hold” rating in a research note on Sunday, August 3rd. Finally, TD Cowen upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating and lifted their target price for the stock from $118.00 to $131.00 in a research note on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $122.60.

Read Our Latest Report on Stifel Financial

Stifel Financial Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Stifel Financial (NYSE:SF)

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