2,341 Shares in Stifel Financial Corporation $SF Acquired by OLD National Bancorp IN

OLD National Bancorp IN bought a new stake in Stifel Financial Corporation (NYSE:SF) during the second quarter, HoldingsChannel reports. The institutional investor bought 2,341 shares of the financial services provider’s stock, valued at approximately $243,000.

A number of other large investors also recently added to or reduced their stakes in SF. NBC Securities Inc. acquired a new stake in shares of Stifel Financial in the first quarter valued at $26,000. Alpine Bank Wealth Management acquired a new position in Stifel Financial in the 1st quarter valued at about $27,000. Allworth Financial LP increased its stake in Stifel Financial by 67.7% during the first quarter. Allworth Financial LP now owns 337 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 136 shares during the period. Bessemer Group Inc. increased its stake in Stifel Financial by 53.0% during the first quarter. Bessemer Group Inc. now owns 491 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 170 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Stifel Financial by 40.8% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 466 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 135 shares in the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Stifel Financial Stock Up 0.7%

Shares of NYSE SF opened at $111.76 on Thursday. The business has a 50-day moving average of $113.51 and a two-hundred day moving average of $102.21. The company has a market capitalization of $11.42 billion, a price-to-earnings ratio of 21.66 and a beta of 1.13. Stifel Financial Corporation has a 1 year low of $73.27 and a 1 year high of $120.64. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.82 and a quick ratio of 0.77.

Stifel Financial (NYSE:SF) last issued its earnings results on Wednesday, July 30th. The financial services provider reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.06. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. Stifel Financial had a return on equity of 13.93% and a net margin of 11.90%.The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the company earned $1.60 EPS. On average, analysts forecast that Stifel Financial Corporation will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts recently weighed in on SF shares. BMO Capital Markets initiated coverage on shares of Stifel Financial in a report on Friday, October 3rd. They issued a “market perform” rating and a $121.00 price objective for the company. Citigroup upgraded shares of Stifel Financial from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $115.00 to $135.00 in a research note on Thursday, July 31st. Wall Street Zen raised Stifel Financial from a “sell” rating to a “hold” rating in a research report on Sunday, August 3rd. Zacks Research lowered Stifel Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, September 8th. Finally, Wells Fargo & Company boosted their target price on Stifel Financial from $102.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $120.60.

About Stifel Financial

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.