Susquehanna Fundamental Investments LLC Buys 98,743 Shares of Stifel Financial Corporation $SF

Susquehanna Fundamental Investments LLC lifted its stake in shares of Stifel Financial Corporation (NYSE:SF) by 76.0% during the second quarter, HoldingsChannel.com reports. The firm owned 228,631 shares of the financial services provider’s stock after purchasing an additional 98,743 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Stifel Financial were worth $15,952,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in SF. NewEdge Advisors LLC grew its holdings in Stifel Financial by 5.8% during the 1st 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 boosted its position in shares of Stifel Financial by 1,162.6% in the first quarter. Jones Financial Companies Lllp now owns 2,702 shares of the financial services provider’s stock valued at $255,000 after acquiring an additional 2,488 shares during the period. EverSource Wealth Advisors LLC grew its stake in Stifel Financial by 106.8% during the second quarter. EverSource Wealth Advisors LLC now owns 974 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 503 shares in the last quarter. First Trust Advisors LP grew its stake in 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 valued at $13,349,000 after acquiring an additional 59,662 shares in the last quarter. Finally, Amundi boosted its holdings 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 purchasing an additional 10,771 shares during the period. Institutional investors own 82.01% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, Director Maryam S. Brown sold 4,700 shares of the stock in a transaction dated 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 directly owned 5,729 shares in the company, valued at approximately $453,736.80. This represents a 45.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.36% of the company’s stock.

Stifel Financial Price Performance

Shares of NYSE:SF opened at $81.31 on Monday. The company’s fifty day moving average price is $78.90 and its 200-day moving average price is $76.25. 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 firm has a market capitalization of $12.28 billion, a price-to-earnings ratio of 14.55 and a beta of 0.99. Stifel Financial Corporation has a one year low of $67.81 and a one year high of $89.83.

Stifel Financial (NYSE:SF) last posted its quarterly earnings data 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 the consensus estimate of $1.42 billion. During the same period in the previous year, the firm posted $1.71 EPS. The firm’s revenue was up 13.0% compared to the same quarter last year. On average, equities research analysts anticipate that Stifel Financial Corporation will post 6.36 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders 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 dividend yield of 1.7%. The ex-dividend date is Tuesday, September 1st. Stifel Financial’s dividend payout ratio is presently 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.