55,849 Shares in Stifel Financial Corporation $SF Bought by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC bought a new stake in shares of Stifel Financial Corporation (NYSE:SF) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 55,849 shares of the financial services provider’s stock, valued at approximately $3,897,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. OneDigital Investment Advisors LLC purchased a new stake in shares of Stifel Financial during the second quarter worth about $451,000. Avise Financial Cooperative Inc. purchased a new position in shares of Stifel Financial in the 2nd quarter valued at approximately $325,000. Global Retirement Partners LLC purchased a new position in shares of Stifel Financial in the 2nd quarter valued at approximately $165,000. Bank of New York Mellon Corp purchased a new position in shares of Stifel Financial in the 2nd quarter valued at approximately $93,235,000. Finally, Focus Partners Advisor Solutions LLC acquired a new stake in Stifel Financial in the 2nd quarter worth approximately $443,000. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SF shares. Weiss Ratings restated a “buy (b-)” rating on shares of Stifel Financial in a research note on Friday, May 29th. UBS Group set a $90.00 price target on shares of Stifel Financial in a 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. Wall Street Zen lowered shares of Stifel Financial from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Finally, JPMorgan Chase & Co. upped their target price on Stifel Financial from $80.00 to $86.00 and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $91.90.

Insider Activity

In related news, Director Maryam S. Brown sold 4,700 shares of the business’s stock in a transaction 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 completion of the transaction, the director directly owned 5,729 shares in the company, valued at $453,736.80. The trade was a 45.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.36% of the stock is currently owned by company insiders.

Stifel Financial Price Performance

Shares of NYSE SF opened at $85.66 on Monday. Stifel Financial Corporation has a 52 week low of $67.81 and a 52 week high of $89.83. The business’s 50 day moving average price is $77.09 and its 200 day moving average price is $76.46. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt-to-equity ratio of 0.33. The firm has a market cap of $12.94 billion, a P/E ratio of 15.33 and a beta of 0.99.

Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $1.42 billion. During the same period last year, the firm posted $1.71 EPS. Stifel Financial’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, sell-side analysts expect that Stifel Financial Corporation will post 6.36 earnings per share for the current year.

Stifel Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 1st. Stifel Financial’s dividend payout ratio (DPR) is 24.33%.

About Stifel Financial

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.