Focus Partners Advisor Solutions LLC Takes Position in Stifel Financial Corporation $SF

Focus Partners Advisor Solutions LLC acquired a new position in shares of Stifel Financial Corporation (NYSE:SF) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,349 shares of the financial services provider’s stock, valued at approximately $443,000.

Other institutional investors have also made changes to their positions in the company. Brown Brothers Harriman & Co. boosted its holdings in Stifel Financial by 15.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 811 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 106 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Stifel Financial by 0.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 23,449 shares of the financial services provider’s stock worth $2,936,000 after buying an additional 114 shares during the last quarter. Principal Securities Inc. increased its holdings in Stifel Financial by 6.9% during the fourth quarter. Principal Securities Inc. now owns 1,926 shares of the financial services provider’s stock worth $241,000 after buying an additional 124 shares during the last quarter. Clark Capital Management Group Inc. raised its position in Stifel Financial by 3.8% during the third quarter. Clark Capital Management Group Inc. now owns 3,642 shares of the financial services provider’s stock worth $413,000 after acquiring an additional 134 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its stake in Stifel Financial by 1.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 7,811 shares of the financial services provider’s stock valued at $978,000 after acquiring an additional 140 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SF shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday, May 29th. Wall Street Zen cut shares of Stifel Financial from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Zacks Research upgraded shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. UBS Group set a $90.00 price objective on Stifel Financial in a research note on Thursday, July 23rd. Finally, JPMorgan Chase & Co. raised their price objective 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 analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Stifel Financial currently has a consensus rating of “Moderate Buy” and an average price target of $91.90.

Stifel Financial Stock Down 0.3%

SF stock opened at $83.76 on Wednesday. Stifel Financial Corporation has a fifty-two week low of $67.81 and a fifty-two week high of $89.83. The stock has a market capitalization of $12.65 billion, a price-to-earnings ratio of 14.99 and a beta of 0.99. The business’s fifty day moving average price is $77.61 and its two-hundred day moving average price is $76.46. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.88 and a quick ratio of 0.83.

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, beating 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 firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the firm posted $1.71 EPS. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, equities analysts anticipate that Stifel Financial Corporation will post 6.36 earnings per share for the current year.

Stifel Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 1st. Stifel Financial’s payout ratio is 24.33%.

Insider Buying and Selling

In other Stifel Financial news, Director Maryam S. Brown sold 4,700 shares of the firm’s stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $79.20, for a total value of $372,240.00. Following the transaction, the director directly owned 5,729 shares of the company’s stock, 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 can be accessed through the SEC website. 3.36% of the stock is currently owned by corporate insiders.

Stifel Financial Company 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.