Dimensional Fund Advisors LP Buys 7,113 Shares of Stifel Financial Corp. (NYSE:SF)

Dimensional Fund Advisors LP increased its position in Stifel Financial Corp. (NYSE:SF) by 0.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,007,738 shares of the financial services provider’s stock after acquiring an additional 7,113 shares during the quarter. Dimensional Fund Advisors LP owned about 1.96% of Stifel Financial worth $168,932,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SageView Advisory Group LLC purchased a new stake in shares of Stifel Financial in the 1st quarter valued at about $1,251,000. SG Americas Securities LLC bought a new position in shares of Stifel Financial in the second quarter worth approximately $1,543,000. Quadrature Capital Ltd purchased a new stake in Stifel Financial in the fourth quarter valued at approximately $649,000. Van ECK Associates Corp lifted its position in Stifel Financial by 36.5% during the first quarter. Van ECK Associates Corp now owns 35,083 shares of the financial services provider’s stock valued at $2,742,000 after purchasing an additional 9,384 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in Stifel Financial by 268.6% in the 2nd quarter. Blue Trust Inc. now owns 8,798 shares of the financial services provider’s stock worth $688,000 after buying an additional 6,411 shares in the last quarter. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Trading Down 0.4 %

NYSE SF opened at $92.46 on Friday. The stock has a 50-day moving average of $85.15 and a 200-day moving average of $81.20. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 0.38. Stifel Financial Corp. has a 1-year low of $54.81 and a 1-year high of $92.98. The firm has a market cap of $9.48 billion, a PE ratio of 21.01 and a beta of 1.09.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.06. Stifel Financial had a return on equity of 13.24% and a net margin of 11.59%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the firm posted $1.20 earnings per share. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Stifel Financial Corp. will post 6.55 EPS for the current year.

Stifel Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Tuesday, September 3rd. Stifel Financial’s payout ratio is 38.18%.

Analyst Ratings Changes

SF has been the topic of several research reports. TD Cowen raised their price objective on shares of Stifel Financial from $85.00 to $88.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. JMP Securities reaffirmed a “market outperform” rating and set a $105.00 price target on shares of Stifel Financial in a research note on Monday, September 9th. StockNews.com lowered Stifel Financial from a “buy” rating to a “hold” rating in a research report on Friday. Wolfe Research downgraded Stifel Financial from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 22nd. Finally, Wells Fargo & Company assumed coverage on Stifel Financial in a research note on Thursday, September 12th. They issued an “overweight” rating and a $101.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $90.40.

Stifel Financial Profile

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.