IFP Advisors Inc Sells 106 Shares of Stifel Financial Corporation $SF

IFP Advisors Inc reduced its stake in shares of Stifel Financial Corporation (NYSE:SF) by 4.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 2,562 shares of the financial services provider’s stock after selling 106 shares during the quarter. IFP Advisors Inc’s holdings in Stifel Financial were worth $266,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Alpine Bank Wealth Management acquired a new position in Stifel Financial during the 1st quarter worth $27,000. Allworth Financial LP raised its position in shares of Stifel Financial by 67.7% during the first quarter. Allworth Financial LP now owns 337 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 136 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of Stifel Financial by 40.8% during the second 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 during the last quarter. Bessemer Group Inc. lifted its stake in shares of Stifel Financial by 53.0% during the first quarter. Bessemer Group Inc. now owns 491 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 170 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in Stifel Financial in the first quarter valued at about $68,000. Institutional investors and hedge funds own 82.01% of the company’s stock.

Stifel Financial Trading Down 3.3%

SF opened at $108.38 on Friday. The firm’s fifty day moving average is $113.26 and its two-hundred day moving average is $102.70. The firm has a market cap of $11.07 billion, a PE ratio of 21.00 and a beta of 1.13. Stifel Financial Corporation has a twelve month low of $73.27 and a twelve month high of $120.64. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.82.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.06. Stifel Financial had a net margin of 11.90% and a return on equity of 13.93%. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the prior year, the company earned $1.60 EPS. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. Equities research analysts anticipate that Stifel Financial Corporation will post 8.26 EPS for the current year.

Stifel Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a $0.46 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $1.84 annualized dividend and a dividend yield of 1.7%. Stifel Financial’s payout ratio is currently 35.66%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SF. Weiss Ratings reissued a “hold (c+)” rating on shares of Stifel Financial in a report on Wednesday, October 8th. Cowen upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, October 8th. BMO Capital Markets began coverage on shares of Stifel Financial in a research note on Friday, October 3rd. They set a “market perform” rating and a $121.00 price target for the company. UBS Group set a $135.00 price objective on shares of Stifel Financial in a report on Thursday, October 9th. Finally, TD Cowen raised shares of Stifel Financial from a “hold” rating to a “buy” rating and lifted their target price for the stock from $118.00 to $131.00 in a report 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. Based on data from MarketBeat.com, Stifel Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.60.

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.