United Capital Financial Advisors LLC Invests $1.01 Million in Stifel Financial Corporation $SF

United Capital Financial Advisors LLC bought a new position in Stifel Financial Corporation (NYSE:SF) during the second quarter, Holdings Channel reports. The fund bought 14,440 shares of the financial services provider’s stock, valued at approximately $1,007,000.

A number of other institutional investors and hedge funds also recently modified their holdings of SF. BlackRock Inc. purchased a new stake in shares of Stifel Financial during the second quarter valued at $1,031,197,000. Bank of America Corp DE purchased a new position in Stifel Financial in the 2nd quarter worth about $123,551,000. AQR Capital Management LLC raised its holdings in Stifel Financial by 94.8% during the 4th quarter. AQR Capital Management LLC now owns 2,893,850 shares of the financial services provider’s stock worth $362,368,000 after buying an additional 1,408,347 shares during the period. Norges Bank acquired a new stake in Stifel Financial during the 4th quarter worth about $172,446,000. Finally, Bank of New York Mellon Corp purchased a new stake in Stifel Financial during the second quarter valued at about $93,235,000. 82.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Stifel Financial news, Director Maryam S. Brown sold 4,700 shares of the firm’s stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $79.20, for a total transaction of $372,240.00. Following the transaction, the director directly owned 5,729 shares in the company, valued at $453,736.80. This trade represents a 45.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.36% of the stock is owned by insiders.

Stifel Financial Stock Up 0.0%

SF stock opened at $81.31 on Monday. The company has a 50 day moving average of $78.90 and a two-hundred day moving average of $76.25. The company has a market cap of $12.28 billion, a price-to-earnings ratio of 14.55 and a beta of 0.99. Stifel Financial Corporation has a 12-month low of $67.81 and a 12-month high of $89.83. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt-to-equity ratio of 0.33.

Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 EPS for the quarter, beating the consensus estimate of $1.33 by $0.09. Stifel Financial had a net margin of 16.11% and a return on equity of 19.22%. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the previous year, the company posted $1.71 EPS. Stifel Financial’s revenue was up 13.0% on a year-over-year basis. On average, equities analysts anticipate that Stifel Financial Corporation will post 6.36 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 1st. Stifel Financial’s dividend payout ratio is presently 24.33%.

Analyst Upgrades and Downgrades

Several brokerages have commented on SF. UBS Group set a $90.00 target price on shares of Stifel Financial in a report on Thursday, July 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Stifel Financial in a report on Wednesday. Zacks Research upgraded shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Wall Street Zen lowered shares of Stifel Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Stifel Financial from $80.00 to $86.00 and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $91.90.

Stifel Financial Profile

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.