Requisite Capital Management LLC Acquires New Holdings in Stifel Financial Corporation $SF

Requisite Capital Management LLC bought a new position in shares of Stifel Financial Corporation (NYSE:SF) in the second quarter, HoldingsChannel reports. The firm bought 79,119 shares of the financial services provider’s stock, valued at approximately $5,520,000. Stifel Financial accounts for approximately 0.9% of Requisite Capital Management LLC’s investment portfolio, making the stock its 14th biggest position.

Several other hedge funds have also recently bought and sold shares of the stock. NewEdge Advisors LLC lifted its stake in Stifel Financial by 5.8% in the first quarter. NewEdge Advisors LLC now owns 2,673 shares of the financial services provider’s stock valued at $252,000 after buying an additional 147 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Stifel Financial by 1,162.6% during the first quarter. Jones Financial Companies Lllp now owns 2,702 shares of the financial services provider’s stock worth $255,000 after acquiring an additional 2,488 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Stifel Financial by 106.8% during the second quarter. EverSource Wealth Advisors LLC now owns 974 shares of the financial services provider’s stock worth $101,000 after acquiring an additional 503 shares during the period. First Trust Advisors LP raised its holdings in shares of Stifel Financial by 86.5% during the second quarter. First Trust Advisors LP now owns 128,630 shares of the financial services provider’s stock worth $13,349,000 after acquiring an additional 59,662 shares during the period. Finally, Amundi lifted its position in Stifel Financial by 51.0% in the 2nd quarter. Amundi now owns 31,906 shares of the financial services provider’s stock valued at $3,425,000 after acquiring an additional 10,771 shares in the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Stifel Financial news, Director Maryam S. Brown sold 4,700 shares of the stock in a transaction on Thursday, July 23rd. The stock was 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 trade represents a 45.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.36% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

SF has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of Stifel Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. JPMorgan Chase & Co. lifted their price target on Stifel Financial from $80.00 to $86.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Stifel Financial in a report on Wednesday, August 26th. UBS Group set a $90.00 price objective on Stifel Financial in a research report on Thursday, July 23rd. Finally, Zacks Research upgraded Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Stifel Financial currently has an average rating of “Moderate Buy” and a consensus target price of $91.90.

Stifel Financial Trading Down 2.5%

Shares of SF stock opened at $78.74 on Wednesday. Stifel Financial Corporation has a 12-month low of $67.81 and a 12-month high of $89.83. The company has a market capitalization of $11.89 billion, a PE ratio of 14.09 and a beta of 0.98. The firm has a 50 day moving average price of $79.14 and a two-hundred day moving average price of $76.21. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt-to-equity ratio of 0.33.

Stifel Financial (NYSE:SF) last posted its earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 EPS for the quarter, beating the consensus estimate of $1.33 by $0.09. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.42 billion. Stifel Financial had a return on equity of 19.22% and a net margin of 16.11%.The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.71 earnings per share. As a group, analysts predict that Stifel Financial Corporation will post 6.36 earnings per share for the current year.

Stifel Financial Dividend Announcement

The company 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. This represents a $1.36 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 1st. Stifel Financial’s dividend payout ratio is currently 24.33%.

Stifel Financial 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.