Dana Investment Advisors Inc. Has $4.95 Million Holdings in Stifel Financial Corp. (NYSE:SF)

Dana Investment Advisors Inc. lessened its position in shares of Stifel Financial Corp. (NYSE:SF) by 1.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,809 shares of the financial services provider’s stock after selling 1,072 shares during the period. Dana Investment Advisors Inc. owned approximately 0.06% of Stifel Financial worth $4,949,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SF. Versant Capital Management Inc raised its stake in Stifel Financial by 1,818.8% in the 2nd quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 291 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of Stifel Financial in the first quarter valued at approximately $32,000. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Stifel Financial in the first quarter valued at approximately $33,000. Bessemer Group Inc. grew its position in Stifel Financial by 388.3% during the first quarter. Bessemer Group Inc. now owns 796 shares of the financial services provider’s stock worth $62,000 after buying an additional 633 shares in the last quarter. Finally, Rothschild Investment LLC acquired a new stake in Stifel Financial during the second quarter worth approximately $64,000. Institutional investors and hedge funds own 82.01% of the company’s stock.

Stifel Financial Price Performance

SF stock opened at $93.40 on Wednesday. The company has a market capitalization of $9.57 billion, a P/E ratio of 21.23 and a beta of 1.09. Stifel Financial Corp. has a 52-week low of $54.81 and a 52-week high of $94.18. The company has a fifty day moving average price of $86.28 and a 200-day moving average price of $82.06. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.80 and a current ratio of 0.84.

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

Stifel Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were paid a $0.42 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $1.68 annualized dividend and a dividend yield of 1.80%. Stifel Financial’s dividend payout ratio is presently 38.18%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Wells Fargo & Company assumed coverage on Stifel Financial in a research report on Thursday, September 12th. They set an “overweight” rating and a $101.00 target price for the company. The Goldman Sachs Group upped their price target on shares of Stifel Financial from $85.00 to $94.00 and gave the stock a “neutral” rating in a report on Thursday, September 26th. Citigroup boosted their price objective on shares of Stifel Financial from $90.00 to $102.00 and gave the company a “neutral” rating in a research report on Friday, September 27th. JMP Securities reaffirmed a “market outperform” rating and issued a $105.00 target price on shares of Stifel Financial in a report on Monday, September 9th. Finally, TD Cowen boosted their price target on Stifel Financial from $85.00 to $88.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Stifel Financial has a consensus rating of “Hold” and a consensus target price of $94.67.

Stifel Financial Company 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.