Securian Asset Management Inc. Raises Position in Stifel Financial Corporation $SF

Securian Asset Management Inc. lifted its stake in shares of Stifel Financial Corporation (NYSE:SF) by 1.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,837 shares of the financial services provider’s stock after buying an additional 100 shares during the period. Securian Asset Management Inc.’s holdings in Stifel Financial were worth $813,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in Stifel Financial by 401.0% during the 1st quarter. GAMMA Investing LLC now owns 4,509 shares of the financial services provider’s stock worth $425,000 after acquiring an additional 3,609 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Stifel Financial by 263.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 19,711 shares of the financial services provider’s stock worth $1,858,000 after purchasing an additional 14,284 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Stifel Financial by 31.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 10,505 shares of the financial services provider’s stock worth $990,000 after purchasing an additional 2,505 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in Stifel Financial in the 1st quarter valued at about $361,000. Finally, Asset Management One Co. Ltd. bought a new position in shares of Stifel Financial during the 1st quarter worth approximately $1,165,000. 82.01% of the stock is owned by hedge funds and other institutional investors.

Stifel Financial Stock Up 1.0%

Stifel Financial stock opened at $117.77 on Friday. The firm has a 50 day simple moving average of $113.31 and a 200 day simple moving average of $103.91. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28. Stifel Financial Corporation has a 1-year low of $73.27 and a 1-year high of $120.64. The firm has a market capitalization of $12.03 billion, a price-to-earnings ratio of 20.81 and a beta of 1.13.

Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.06. Stifel Financial had a return on equity of 15.06% and a net margin of 12.44%.The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the company earned $1.50 earnings per share. The business’s revenue for the quarter was up 16.7% on a year-over-year basis. On average, analysts predict that Stifel Financial Corporation will post 8.26 earnings per share for the current year.

Stifel Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, September 2nd. Stifel Financial’s dividend payout ratio (DPR) is 32.51%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wells Fargo & Company upped their target price on Stifel Financial from $102.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, July 11th. BMO Capital Markets assumed coverage on Stifel Financial in a research report on Friday, October 3rd. They set a “market perform” rating and a $121.00 target price for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Stifel Financial in a research note on Friday. JPMorgan Chase & Co. raised their price objective on shares of Stifel Financial from $125.00 to $133.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, TD Cowen upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating and boosted their target price for the company from $118.00 to $131.00 in a research note on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.90.

Stifel Financial 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.