NewEdge Advisors LLC Buys 7,308 Shares of Stifel Financial Corporation $SF

NewEdge Advisors LLC raised its stake in shares of Stifel Financial Corporation (NYSE:SF) by 70.1% during the 1st quarter, HoldingsChannel reports. The firm owned 17,740 shares of the financial services provider’s stock after purchasing an additional 7,308 shares during the quarter. NewEdge Advisors LLC’s holdings in Stifel Financial were worth $1,311,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of SF. Advisory Services Network LLC acquired a new stake in shares of Stifel Financial in the third quarter worth $29,000. Activest Wealth Management grew its stake in Stifel Financial by 12,000.0% in the 4th quarter. Activest Wealth Management now owns 242 shares of the financial services provider’s stock valued at $30,000 after buying an additional 240 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Stifel Financial in the 4th quarter valued at $34,000. JTC Employer Solutions Trustee Ltd raised its holdings in Stifel Financial by 49.8% in the 1st quarter. JTC Employer Solutions Trustee Ltd now owns 481 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 160 shares during the period. Finally, Cullen Frost Bankers Inc. bought a new position in Stifel Financial in the 4th quarter worth $50,000. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Stock Performance

NYSE SF opened at $85.66 on Monday. The company’s fifty day moving average is $77.09 and its two-hundred day moving average is $76.46. Stifel Financial Corporation has a 52-week low of $67.81 and a 52-week high of $89.83. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.88 and a quick ratio of 0.83. The firm has a market capitalization of $12.94 billion, a price-to-earnings ratio of 15.33 and a beta of 0.99.

Stifel Financial (NYSE:SF) last announced its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $1.42 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the business earned $1.71 earnings per share. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. Equities research analysts forecast that Stifel Financial Corporation will post 6.36 EPS for the current year.

Stifel Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.34 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.6%. Stifel Financial’s dividend payout ratio (DPR) is currently 24.33%.

Analysts Set New Price Targets

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

Insider Activity at Stifel Financial

In other news, Director Maryam S. Brown sold 4,700 shares of Stifel Financial stock in a transaction that occurred 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 sale, the director owned 5,729 shares of the company’s stock, valued at approximately $453,736.80. This trade represents a 45.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.36% of the company’s stock.

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.