OneDigital Investment Advisors LLC Makes New Investment in Stifel Financial Corporation $SF

OneDigital Investment Advisors LLC bought a new stake in Stifel Financial Corporation (NYSE:SF) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,466 shares of the financial services provider’s stock, valued at approximately $451,000.

Several other large investors have also modified their holdings of SF. Brown Brothers Harriman & Co. increased its position in shares of Stifel Financial by 15.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 811 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 106 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in Stifel Financial by 0.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 23,449 shares of the financial services provider’s stock valued at $2,936,000 after buying an additional 114 shares during the last quarter. Principal Securities Inc. boosted its stake in Stifel Financial by 6.9% during the fourth quarter. Principal Securities Inc. now owns 1,926 shares of the financial services provider’s stock worth $241,000 after buying an additional 124 shares during the period. Clark Capital Management Group Inc. boosted its stake in Stifel Financial by 3.8% during the third quarter. Clark Capital Management Group Inc. now owns 3,642 shares of the financial services provider’s stock worth $413,000 after buying an additional 134 shares during the period. Finally, Crossmark Global Holdings Inc. increased its position in shares of Stifel Financial by 1.8% during the fourth quarter. Crossmark Global Holdings Inc. now owns 7,811 shares of the financial services provider’s stock valued at $978,000 after acquiring an additional 140 shares during the last quarter. Institutional investors and hedge funds own 82.01% of the company’s stock.

Insider Activity at Stifel Financial

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

Analysts Set New Price Targets

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

Stifel Financial Stock Down 1.2%

Shares of SF opened at $82.73 on Thursday. The company’s 50-day simple moving average is $77.86 and its 200-day simple moving average is $76.46. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.83 and a current ratio of 0.88. Stifel Financial Corporation has a 1 year low of $67.81 and a 1 year high of $89.83. The stock has a market capitalization of $12.49 billion, a PE ratio of 14.81 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 earnings per share 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 firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the previous year, the business posted $1.71 earnings per share. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. Analysts forecast that Stifel Financial Corporation will post 6.36 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The firm also recently declared 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. This represents a $1.36 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 1st. Stifel Financial’s dividend payout ratio (DPR) is currently 24.33%.

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.