10,558 Shares in Stifel Financial Corporation $SF Bought by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC bought a new stake in shares of Stifel Financial Corporation (NYSE:SF) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,558 shares of the financial services provider’s stock, valued at approximately $780,000.

Several other institutional investors have also added to or reduced their stakes in the business. Activest Wealth Management raised its position in shares of 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 purchasing an additional 240 shares during the last quarter. Advisory Services Network LLC acquired a new position in Stifel Financial during the 3rd quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Stifel Financial in the fourth quarter worth $34,000. Pinnacle Holdings LLC purchased a new position in shares of Stifel Financial in the third quarter worth $32,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of Stifel Financial during the fourth quarter worth $50,000. Institutional investors and hedge funds own 82.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Zacks Research raised shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. TD Cowen reduced their target price on Stifel Financial from $136.00 to $92.00 and set a “hold” rating for the company in a research note on Monday, March 23rd. UBS Group lowered their price target on Stifel Financial from $100.00 to $89.00 and set a “buy” rating for the company in a research report on Wednesday, April 8th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Stifel Financial in a research note on Friday, May 29th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $91.15.

Stifel Financial Stock Performance

Shares of NYSE SF opened at $72.01 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. Stifel Financial Corporation has a 12 month low of $67.81 and a 12 month high of $89.83. The company has a 50 day simple moving average of $73.50 and a two-hundred day simple moving average of $77.78. The stock has a market cap of $11.05 billion, a price-to-earnings ratio of 14.01 and a beta of 1.01.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. Stifel Financial had a net margin of 15.34% and a return on equity of 18.76%. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the prior year, the business earned $0.49 earnings per share. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. As a group, analysts predict that Stifel Financial Corporation will post 6.25 earnings per share for the current year.

Stifel Financial Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Monday, June 1st. Stifel Financial’s dividend payout ratio is presently 26.46%.

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.