Corient Private Wealth LP Purchases Shares of 26,356 Stifel Financial Corporation $SF

Corient Private Wealth LP purchased a new stake in Stifel Financial Corporation (NYSE:SF) during the second quarter, HoldingsChannel reports. The institutional investor purchased 26,356 shares of the financial services provider’s stock, valued at approximately $1,839,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Fifth Third Bancorp boosted its position in Stifel Financial by 430.4% during the 1st quarter. Fifth Third Bancorp now owns 73,993 shares of the financial services provider’s stock worth $5,470,000 after acquiring an additional 60,042 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Stifel Financial by 49.9% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 38,209 shares of the financial services provider’s stock valued at $2,824,000 after purchasing an additional 12,727 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Stifel Financial in the second quarter valued at approximately $1,031,197,000. Castleark Management LLC bought a new stake in shares of Stifel Financial in the second quarter worth $6,852,000. Finally, Heartland Advisors Inc. lifted its position in shares of Stifel Financial by 56.3% in the first quarter. Heartland Advisors Inc. now owns 134,153 shares of the financial services provider’s stock worth $9,917,000 after purchasing an additional 48,346 shares in the last quarter. 82.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SF. Wall Street Zen downgraded shares of Stifel Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Weiss Ratings reissued a “buy (b-)” rating on shares of Stifel Financial in a research report on Wednesday, August 26th. JPMorgan Chase & Co. increased their price objective on shares of Stifel Financial from $80.00 to $86.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. UBS Group set a $90.00 price objective on Stifel Financial in a report on Thursday, July 23rd. Finally, Zacks Research upgraded Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Stifel Financial presently has a consensus rating of “Moderate Buy” and an average price target of $91.90.

Stifel Financial Price Performance

NYSE:SF opened at $82.12 on Friday. Stifel Financial Corporation has a 1-year low of $67.81 and a 1-year high of $89.83. The company has a current ratio of 0.88, a quick ratio of 0.83 and a debt-to-equity ratio of 0.33. The firm has a fifty day simple moving average of $79.50 and a 200 day simple moving average of $76.23. The stock has a market capitalization of $12.40 billion, a PE ratio of 14.70 and a beta of 0.98.

Stifel Financial (NYSE:SF) last issued its earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.09. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.42 billion. Stifel Financial had a net margin of 16.11% and a return on equity of 19.22%. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.71 earnings per share. On average, research analysts expect that Stifel Financial Corporation will post 6.36 EPS 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 paid a dividend of $0.34 per share. The ex-dividend date is Tuesday, September 1st. This represents a $1.36 annualized dividend and a dividend yield of 1.7%. Stifel Financial’s payout ratio is currently 24.33%.

Insider Activity

In other news, Director Maryam Brown sold 4,700 shares of the company’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 sale, the director directly owned 5,729 shares of the company’s stock, 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 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.