Blair William & Co. IL Buys 1,976 Shares of Stifel Financial Corporation $SF

Blair William & Co. IL grew its stake in shares of Stifel Financial Corporation (NYSE:SF) by 85.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 4,299 shares of the financial services provider’s stock after purchasing an additional 1,976 shares during the period. Blair William & Co. IL’s holdings in Stifel Financial were worth $446,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Stifel Financial by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 10,620,407 shares of the financial services provider’s stock worth $1,001,080,000 after purchasing an additional 217,415 shares in the last quarter. AQR Capital Management LLC increased its holdings in Stifel Financial by 314.1% during the 1st quarter. AQR Capital Management LLC now owns 1,383,836 shares of the financial services provider’s stock worth $126,925,000 after purchasing an additional 1,049,665 shares in the last quarter. Invesco Ltd. increased its holdings in Stifel Financial by 0.3% during the 1st quarter. Invesco Ltd. now owns 1,211,580 shares of the financial services provider’s stock worth $114,204,000 after purchasing an additional 4,115 shares in the last quarter. Northern Trust Corp increased its holdings in Stifel Financial by 0.6% during the 1st quarter. Northern Trust Corp now owns 1,136,207 shares of the financial services provider’s stock worth $107,099,000 after purchasing an additional 7,229 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Stifel Financial by 529.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 398,633 shares of the financial services provider’s stock worth $37,576,000 after purchasing an additional 335,257 shares in the last quarter. 82.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SF shares. Wall Street Zen raised Stifel Financial from a “sell” rating to a “hold” rating in a research report on Sunday, August 3rd. Wells Fargo & Company increased their price target on Stifel Financial from $102.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. Stifel Nicolaus set a $131.00 price target on Stifel Financial in a research report on Wednesday, October 8th. TD Cowen raised Stifel Financial from a “hold” rating to a “buy” rating and increased their price target for the company from $118.00 to $131.00 in a research report on Wednesday, October 8th. Finally, BMO Capital Markets started coverage on Stifel Financial in a research report on Friday, October 3rd. They set a “market perform” rating and a $121.00 price target for the company. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Stifel Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.60.

Stifel Financial Price Performance

Stifel Financial stock opened at $110.26 on Friday. Stifel Financial Corporation has a one year low of $73.27 and a one year high of $120.64. The business has a fifty day moving average price of $113.23 and a 200-day moving average price of $102.81. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.82 and a quick ratio of 0.77. The firm has a market capitalization of $11.27 billion, a P/E ratio of 21.37 and a beta of 1.13.

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

Stifel Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a dividend of $0.46 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $1.84 dividend on an annualized basis and a yield of 1.7%. Stifel Financial’s dividend payout ratio (DPR) is presently 35.66%.

Stifel Financial Company Profile

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.