6,234 Shares in Stifel Financial Corporation $SF Acquired by Callan Family Office LLC

Callan Family Office LLC acquired a new stake in Stifel Financial Corporation (NYSE:SF) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 6,234 shares of the financial services provider’s stock, valued at approximately $435,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SF. Heartland Advisors Inc. purchased a new stake in shares of Stifel Financial during the second quarter worth $8,488,000. Keating Financial Advisory Services Inc. purchased a new position in shares of Stifel Financial in the second quarter worth about $35,000. Allworth Financial LP acquired a new position in Stifel Financial during the second quarter worth about $173,000. Trillium Asset Management LLC acquired a new position in Stifel Financial during the second quarter worth about $4,660,000. Finally, Vise Technologies Inc. purchased a new stake in Stifel Financial during the 2nd quarter valued at about $915,000. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Stifel Financial Price Performance

Shares of SF stock opened at $80.91 on Thursday. 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 company has a market capitalization of $12.22 billion, a PE ratio of 14.48 and a beta of 0.99. The firm’s 50-day moving average is $78.61 and its two-hundred day moving average is $76.34. Stifel Financial Corporation has a 12 month low of $67.81 and a 12 month high of $89.83.

Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.09. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Stifel Financial had a net margin of 16.11% and a return on equity of 19.22%. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.71 EPS. Analysts predict that Stifel Financial Corporation will post 6.36 earnings per share for the current year.

Stifel Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.7%. The ex-dividend date is Tuesday, September 1st. Stifel Financial’s dividend payout ratio is presently 24.33%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Wall Street Zen downgraded shares of Stifel Financial from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Weiss Ratings restated a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday, May 29th. JPMorgan Chase & Co. increased their price target on Stifel Financial from $80.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. Zacks Research upgraded Stifel Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Finally, UBS Group set a $90.00 price objective on Stifel Financial in a research note on Thursday, July 23rd. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Stifel Financial presently has a consensus rating of “Moderate Buy” and an average target price of $91.90.

Insiders Place Their Bets

In other Stifel Financial news, Director Maryam S. Brown sold 4,700 shares of the firm’s stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $79.20, for a total transaction of $372,240.00. Following the completion of the sale, the director owned 5,729 shares of the company’s stock, valued at $453,736.80. This trade represents a 45.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.36% of the company’s stock.

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.