Vanguard Personalized Indexing Management LLC Boosts Holdings in Stifel Financial Corp. (NYSE:SF)

Vanguard Personalized Indexing Management LLC raised its holdings in Stifel Financial Corp. (NYSE:SF) by 17.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,735 shares of the financial services provider’s stock after purchasing an additional 1,746 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Stifel Financial were worth $987,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. SageView Advisory Group LLC purchased a new stake in Stifel Financial in the 1st quarter valued at approximately $1,251,000. SG Americas Securities LLC purchased a new stake in shares of Stifel Financial in the second quarter valued at $1,543,000. Quadrature Capital Ltd acquired a new stake in shares of Stifel Financial during the fourth quarter valued at $649,000. Van ECK Associates Corp increased its position in Stifel Financial by 36.5% during the 1st quarter. Van ECK Associates Corp now owns 35,083 shares of the financial services provider’s stock worth $2,742,000 after purchasing an additional 9,384 shares in the last quarter. Finally, Blue Trust Inc. raised 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 valued at $688,000 after purchasing an additional 6,411 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SF. TD Cowen lifted their price target on shares of Stifel Financial from $85.00 to $88.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Wells Fargo & Company started coverage on shares of Stifel Financial in a research note on Thursday, September 12th. They issued an “overweight” rating and a $101.00 target price for the company. StockNews.com lowered Stifel Financial from a “buy” rating to a “hold” rating in a research note 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, JMP Securities reiterated a “market outperform” rating and set a $105.00 target price on shares of Stifel Financial in a research report on Monday, September 9th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Stifel Financial has an average rating of “Hold” and a consensus price target of $90.40.

Stifel Financial Stock Down 0.1 %

Shares of NYSE SF opened at $92.41 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $9.47 billion, a PE ratio of 21.00 and a beta of 1.09. The firm has a fifty day moving average of $85.29 and a 200-day moving average of $81.40. Stifel Financial Corp. has a 52-week low of $54.81 and a 52-week high of $93.25.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $1.60 EPS for the quarter, topping the consensus estimate of $1.54 by $0.06. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. Stifel Financial had a return on equity of 13.24% and a net margin of 11.59%. The firm’s revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.20 earnings per share. On average, analysts anticipate that Stifel Financial Corp. will post 6.55 EPS for the current year.

Stifel Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were issued a $0.42 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $1.68 annualized dividend and a yield of 1.82%. Stifel Financial’s payout ratio is 38.18%.

About Stifel Financial

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.