Stifel Financial Corporation $SF Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp lifted its position in Stifel Financial Corporation (NYSE:SF) by 430.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 73,993 shares of the financial services provider’s stock after buying an additional 60,042 shares during the quarter. Fifth Third Bancorp’s holdings in Stifel Financial were worth $5,470,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. NewEdge Advisors LLC grew its holdings in Stifel Financial by 5.8% during the 1st quarter. NewEdge Advisors LLC now owns 2,673 shares of the financial services provider’s stock worth $252,000 after acquiring an additional 147 shares in the last quarter. Jones Financial Companies Lllp lifted its position in Stifel Financial by 1,162.6% in the first quarter. Jones Financial Companies Lllp now owns 2,702 shares of the financial services provider’s stock valued at $255,000 after acquiring an additional 2,488 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Stifel Financial by 106.8% in the second quarter. EverSource Wealth Advisors LLC now owns 974 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 503 shares in the last quarter. First Trust Advisors LP grew its stake in Stifel Financial by 86.5% during the 2nd quarter. First Trust Advisors LP now owns 128,630 shares of the financial services provider’s stock worth $13,349,000 after buying an additional 59,662 shares during the last quarter. Finally, Amundi grew its position in shares of Stifel Financial by 51.0% during the second quarter. Amundi now owns 31,906 shares of the financial services provider’s stock worth $3,425,000 after acquiring an additional 10,771 shares during the last quarter. Institutional investors and hedge funds own 82.01% of the company’s stock.

Stifel Financial Price Performance

Shares of NYSE:SF opened at $77.29 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 0.85. The business’s fifty day moving average price is $72.94 and its two-hundred day moving average price is $77.02. The stock has a market cap of $11.86 billion, a PE ratio of 15.04 and a beta of 1.01. Stifel Financial Corporation has a one year low of $67.81 and a one year high of $89.83.

Stifel Financial (NYSE:SF) last issued its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.51 billion. Stifel Financial had a net margin of 15.34% and a return on equity of 18.76%. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 earnings per share. On average, analysts forecast that Stifel Financial Corporation will post 6.22 EPS for the current fiscal year.

Stifel Financial Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Monday, June 1st. Stifel Financial’s dividend payout ratio (DPR) is 26.46%.

Wall Street Analysts Forecast Growth

SF has been the subject of a number of research reports. Zacks Research raised shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. TD Cowen reduced their target price on shares of Stifel Financial from $136.00 to $92.00 and set a “hold” rating for the company in a research note on Monday, March 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stifel Financial in a report on Friday, May 29th. Finally, UBS Group reiterated a “buy” rating and set a $86.00 price target (down from $89.00) on shares of Stifel Financial in a research note on Wednesday, July 8th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Stifel Financial has a consensus rating of “Moderate Buy” and an average price target of $91.75.

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.