The Manufacturers Life Insurance Company Makes New Investment in Stifel Financial Corporation $SF

The Manufacturers Life Insurance Company bought a new position in shares of Stifel Financial Corporation (NYSE:SF) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 110,595 shares of the financial services provider’s stock, valued at approximately $7,716,000. The Manufacturers Life Insurance Company owned 0.07% of Stifel Financial at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Advisory Services Network LLC bought a new stake in Stifel Financial in the third quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Stifel Financial during the fourth quarter worth $34,000. Cullen Frost Bankers Inc. bought a new position in shares of Stifel Financial during the fourth quarter worth $50,000. BOKF NA grew its holdings in shares of Stifel Financial by 1,626.9% in the 3rd quarter. BOKF NA now owns 449 shares of the financial services provider’s stock valued at $51,000 after buying an additional 423 shares during the period. Finally, Danske Bank A S acquired a new position in shares of Stifel Financial in the 2nd quarter valued at $31,000. 82.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Buying and Selling 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 shares were sold at an average price of $79.20, for a total value of $372,240.00. Following the sale, the director directly owned 5,729 shares in the company, valued at $453,736.80. This trade represents a 45.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.36% of the stock is owned by corporate insiders.

Stifel Financial Stock Performance

SF opened at $81.31 on Monday. The business’s 50-day moving average price is $78.90 and its two-hundred day moving average price is $76.25. Stifel Financial Corporation has a 1 year low of $67.81 and a 1 year high of $89.83. The company has a market capitalization of $12.28 billion, a price-to-earnings ratio of 14.55 and a beta of 0.99. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.88 and a quick ratio of 0.83.

Stifel Financial (NYSE:SF) last posted its quarterly earnings data 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. Stifel Financial had a return on equity of 19.22% and a net margin of 16.11%.The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the prior year, the firm earned $1.71 earnings per share. Stifel Financial’s revenue for the quarter was up 13.0% compared to the same quarter last year. Equities analysts expect that Stifel Financial Corporation will post 6.36 EPS 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. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 1st. Stifel Financial’s dividend payout ratio (DPR) is currently 24.33%.

Stifel Financial Company 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.