Stifel Financial Corporation $SF Shares Acquired by Moran Wealth Management LLC

Moran Wealth Management LLC lifted its position in shares of Stifel Financial Corporation (NYSE:SF) by 22.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 133,462 shares of the financial services provider’s stock after buying an additional 24,118 shares during the period. Moran Wealth Management LLC owned 0.13% of Stifel Financial worth $15,144,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of New Hampshire raised its holdings in 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 acquiring an additional 100 shares during the last quarter. Securian Asset Management Inc. grew its position in shares of Stifel Financial by 1.3% in the second quarter. Securian Asset Management Inc. now owns 7,837 shares of the financial services provider’s stock valued at $813,000 after purchasing an additional 100 shares during the period. Nisa Investment Advisors LLC increased its stake in Stifel Financial by 2.7% in the second quarter. Nisa Investment Advisors LLC now owns 4,085 shares of the financial services provider’s stock valued at $424,000 after purchasing an additional 108 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in 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 buying an additional 135 shares during the period. Finally, Allworth Financial LP lifted its position in Stifel Financial by 43.6% during the second quarter. Allworth Financial LP now owns 484 shares of the financial services provider’s stock worth $50,000 after buying an additional 147 shares during the period. 82.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SF has been the subject of several recent analyst reports. Citigroup restated an “outperform” rating on shares of Stifel Financial in a report on Thursday, October 9th. JMP Securities raised their target price on shares of Stifel Financial from $130.00 to $135.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 9th. BMO Capital Markets initiated coverage on shares of Stifel Financial in a report on Friday, October 3rd. They issued a “market perform” rating and a $121.00 target price for the company. UBS Group set a $150.00 price target on shares of Stifel Financial and gave the stock a “buy” rating in a research report on Thursday, December 11th. Finally, Stifel Nicolaus set a $131.00 price target on shares of Stifel Financial in a report on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $131.50.

Stifel Financial Stock Down 1.9%

SF opened at $130.64 on Thursday. Stifel Financial Corporation has a 1 year low of $73.27 and a 1 year high of $134.74. The firm has a 50 day moving average price of $124.02 and a 200 day moving average price of $116.06. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.79 and a current ratio of 0.84. The company has a market cap of $13.30 billion, a PE ratio of 23.08 and a beta of 1.13.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.06. Stifel Financial had a net margin of 12.44% and a return on equity of 14.95%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the firm earned $1.50 earnings per share. Stifel Financial’s revenue for the quarter was up 16.7% on a year-over-year basis. Sell-side analysts expect that Stifel Financial Corporation will post 8.26 earnings per share for the current year.

Stifel Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a $0.46 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $1.84 annualized dividend and a yield of 1.4%. Stifel Financial’s dividend payout ratio (DPR) is 32.51%.

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.