Sanctuary Advisors LLC Purchases New Stake in Stifel Financial Corporation $SF

Sanctuary Advisors LLC acquired a new position in Stifel Financial Corporation (NYSE:SF) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,144 shares of the financial services provider’s stock, valued at approximately $708,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SF. Advisory Services Network LLC acquired a new stake in shares of Stifel Financial during the 3rd quarter worth approximately $29,000. Activest Wealth Management lifted its holdings in Stifel Financial by 12,000.0% in the fourth 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 period. Danske Bank A S bought a new position in Stifel Financial in the second quarter valued at approximately $31,000. Caitong International Asset Management Co. Ltd bought a new position in Stifel Financial in the fourth quarter valued at approximately $34,000. Finally, Keating Financial Advisory Services Inc. acquired a new stake in Stifel Financial during the 2nd quarter worth $35,000. 82.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Stifel Financial Stock Up 0.6%

Shares of NYSE SF opened at $81.31 on Friday. The stock has a market cap of $12.28 billion, a P/E ratio of 14.55 and a beta of 0.99. The firm has a 50 day moving average price of $78.90 and a 200 day moving average price of $76.33. 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 52-week low of $67.81 and a 52-week high of $89.83.

Stifel Financial (NYSE:SF) last posted its earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.09. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. Stifel Financial had a net margin of 16.11% and a return on equity of 19.22%. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period last year, the business posted $1.71 earnings per share. Analysts expect that Stifel Financial Corporation will post 6.36 EPS for the current year.

Stifel Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors 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 1.7%. Stifel Financial’s dividend payout ratio is currently 24.33%.

Insider Buying and Selling

In related news, Director Maryam S. Brown sold 4,700 shares of the firm’s 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 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 filing with the SEC, which can be accessed through this link. 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.