Evolve Private Wealth LLC Buys Shares of 60,043 Stifel Financial Corporation $SF

Evolve Private Wealth LLC purchased a new position in shares of Stifel Financial Corporation (NYSE:SF) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 60,043 shares of the financial services provider’s stock, valued at approximately $4,189,000.

Several other hedge funds also recently made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of Stifel Financial in the second quarter worth $1,031,197,000. Wellington Management Group LLP grew its position in Stifel Financial by 13.8% in the third quarter. Wellington Management Group LLP now owns 3,451,787 shares of the financial services provider’s stock valued at $391,674,000 after purchasing an additional 419,038 shares in the last quarter. AQR Capital Management LLC increased its stake in Stifel Financial by 94.8% in the 4th quarter. AQR Capital Management LLC now owns 2,893,850 shares of the financial services provider’s stock valued at $362,368,000 after buying an additional 1,408,347 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Stifel Financial by 51.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,616,616 shares of the financial services provider’s stock valued at $193,403,000 after buying an additional 890,810 shares during the last quarter. Finally, Boston Partners increased its position in shares of Stifel Financial by 2.0% in the third quarter. Boston Partners now owns 2,371,880 shares of the financial services provider’s stock valued at $269,128,000 after acquiring an additional 45,631 shares during the last quarter. 82.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SF has been the subject of several analyst reports. Wall Street Zen cut shares of Stifel Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. UBS Group set a $90.00 price target on shares of Stifel Financial in a research report on Thursday, July 23rd. Zacks Research upgraded shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday, May 29th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Stifel Financial from $80.00 to $86.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Five investment 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 $91.90.

Stifel Financial Stock Up 1.3%

SF stock opened at $80.95 on Friday. Stifel Financial Corporation has a fifty-two week low of $67.81 and a fifty-two week high of $89.83. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.88 and a quick ratio of 0.83. The stock has a market capitalization of $12.22 billion, a price-to-earnings ratio of 14.49 and a beta of 0.99. The business’s fifty day moving average price is $78.20 and its two-hundred day moving average price is $76.47.

Stifel Financial (NYSE:SF) last announced its earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the previous year, the business posted $1.71 earnings per share. Stifel Financial’s quarterly revenue was up 13.0% on a year-over-year basis. On average, equities analysts anticipate that Stifel Financial Corporation will post 6.36 earnings per share for the current year.

Stifel Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.34 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.36 dividend on an annualized basis and a yield of 1.7%. Stifel Financial’s payout ratio is currently 24.33%.

Insider Activity

In other Stifel Financial news, Director Maryam S. Brown sold 4,700 shares of the stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $79.20, for a total transaction of $372,240.00. Following the transaction, the director owned 5,729 shares in the company, valued at $453,736.80. This represents a 45.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.36% of the stock is currently owned by insiders.

Stifel Financial Company Profile

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.