Ieq Capital LLC Makes New Investment in Stifel Financial Corporation $SF

Ieq Capital LLC bought a new position in shares of Stifel Financial Corporation (NYSE:SF) in the 2nd quarter, Holdings Channel.com reports. The fund bought 81,332 shares of the financial services provider’s stock, valued at approximately $5,675,000.

Several other large investors also recently bought and sold shares of SF. BlackRock Inc. purchased a new stake in shares of Stifel Financial during the second quarter worth approximately $1,031,197,000. Wellington Management Group LLP raised its holdings in Stifel Financial by 13.8% in the third quarter. Wellington Management Group LLP now owns 3,451,787 shares of the financial services provider’s stock valued at $391,674,000 after acquiring an additional 419,038 shares in the last quarter. AQR Capital Management LLC lifted its stake in Stifel Financial by 94.8% in the fourth quarter. AQR Capital Management LLC now owns 2,893,850 shares of the financial services provider’s stock worth $362,368,000 after acquiring an additional 1,408,347 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Stifel Financial by 51.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,616,616 shares of the financial services provider’s stock worth $193,403,000 after acquiring an additional 890,810 shares during the last quarter. Finally, Boston Partners grew its holdings in Stifel Financial by 2.0% during the 3rd quarter. Boston Partners now owns 2,371,880 shares of the financial services provider’s stock worth $269,128,000 after acquiring an additional 45,631 shares in the last quarter. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Stifel Financial Stock Performance

Shares of SF stock opened at $80.95 on Monday. The stock has a market capitalization of $12.22 billion, a PE ratio of 14.49 and a beta of 0.99. Stifel Financial Corporation has a 52-week low of $67.81 and a 52-week high of $89.83. The stock’s 50-day moving average price is $78.20 and its 200 day moving average price is $76.43. 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 announced its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.09. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Stifel Financial had a net margin of 16.11% and a return on equity of 19.22%. Stifel Financial’s revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.71 EPS. As a group, equities research analysts forecast that Stifel Financial Corporation will post 6.36 EPS for the current year.

Stifel Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Tuesday, September 1st. Stifel Financial’s dividend payout ratio (DPR) is presently 24.33%.

Analyst Upgrades and Downgrades

SF has been the topic of a number of recent analyst reports. UBS Group set a $90.00 price objective on shares of Stifel Financial in a research report on Thursday, July 23rd. Zacks Research raised shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stifel Financial in a research note on Friday, May 29th. JPMorgan Chase & Co. increased their target price on Stifel Financial from $80.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. Finally, Wall Street Zen cut Stifel Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.90.

Insider Activity at Stifel Financial

In related news, Director Maryam S. Brown sold 4,700 shares of Stifel Financial stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $79.20, for a total transaction of $372,240.00. Following the completion of the transaction, the director directly owned 5,729 shares of the company’s stock, valued at approximately $453,736.80. The trade was a 45.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 3.36% of the stock is owned by company insiders.

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.