Stifel Financial Corporation $SF Shares Acquired by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC grew its holdings in Stifel Financial Corporation (NYSE:SF) by 7.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,234 shares of the financial services provider’s stock after purchasing an additional 1,666 shares during the period. Wedge Capital Management L L P NC’s holdings in Stifel Financial were worth $2,515,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Bank of New Hampshire lifted its stake in shares of Stifel Financial by 1.0% in the 2nd quarter. Bank of New Hampshire now owns 9,639 shares of the financial services provider’s stock valued at $1,000,000 after purchasing an additional 100 shares during the last quarter. Journey Strategic Wealth LLC lifted its stake in shares of Stifel Financial by 4.2% in the 1st quarter. Journey Strategic Wealth LLC now owns 2,907 shares of the financial services provider’s stock valued at $274,000 after purchasing an additional 117 shares during the last quarter. Stratos Wealth Partners LTD. lifted its stake in Stifel Financial by 3.0% during the 1st quarter. Stratos Wealth Partners LTD. now owns 4,328 shares of the financial services provider’s stock worth $408,000 after acquiring an additional 127 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Stifel Financial by 40.8% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 466 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 135 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in Stifel Financial by 67.7% during the 1st quarter. Allworth Financial LP now owns 337 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 136 shares in the last quarter. Institutional investors and hedge funds own 82.01% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SF shares. Wells Fargo & Company increased their target price on Stifel Financial from $102.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. JMP Securities increased their target price on Stifel Financial from $120.00 to $130.00 and gave the stock a “market outperform” rating in a research note on Monday, July 14th. Zacks Research lowered Stifel Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 8th. Citigroup raised Stifel Financial from a “neutral” rating to a “buy” rating and increased their target price for the stock from $115.00 to $135.00 in a research note on Thursday, July 31st. Finally, Stifel Nicolaus set a $135.00 target price on Stifel Financial in a research note on Thursday, July 31st. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $115.78.

Stifel Financial Trading Down 0.6%

NYSE:SF opened at $114.89 on Monday. The stock’s 50 day moving average price is $112.86 and its 200 day moving average price is $100.75. The company has a market capitalization of $11.74 billion, a PE ratio of 22.26 and a beta of 1.13. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 0.28. Stifel Financial Corporation has a 52-week low of $73.27 and a 52-week high of $120.64.

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

Stifel Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Tuesday, September 2nd. Stifel Financial’s dividend payout ratio (DPR) is currently 35.66%.

About Stifel Financial

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.