Amalgamated Bank Has $5.02 Million Stake in Stifel Financial Corp. (NYSE:SF)

Amalgamated Bank reduced its position in shares of Stifel Financial Corp. (NYSE:SF) by 14.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,609 shares of the financial services provider’s stock after selling 9,685 shares during the period. Amalgamated Bank owned approximately 0.06% of Stifel Financial worth $5,016,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SF. Versant Capital Management Inc boosted its position in shares of Stifel Financial by 1,818.8% in the second quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 291 shares during the period. Fidelis Capital Partners LLC bought a new stake in Stifel Financial in the 1st quarter valued at about $32,000. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Stifel Financial during the 1st quarter worth approximately $33,000. Bessemer Group Inc. increased its holdings in shares of 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 purchasing an additional 633 shares during the period. Finally, Rothschild Investment LLC acquired a new stake in shares of Stifel Financial in the second quarter valued at approximately $64,000. 82.01% of the stock is owned by institutional investors and hedge funds.

Stifel Financial Stock Performance

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

Stifel Financial (NYSE:SF) last issued its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.06. Stifel Financial had a return on equity of 13.24% and a net margin of 11.59%. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. On average, equities research analysts predict that Stifel Financial Corp. will post 6.55 earnings per share for the current year.

Stifel Financial Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SF. TD Cowen increased their price target on Stifel Financial from $85.00 to $88.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. JMP Securities reissued a “market outperform” rating and set a $105.00 target price on shares of Stifel Financial in a report on Monday, September 9th. StockNews.com downgraded Stifel Financial from a “buy” rating to a “hold” rating in a research note on Friday. Wells Fargo & Company initiated coverage on shares of Stifel Financial in a report on Thursday, September 12th. They set an “overweight” rating and a $101.00 price target for the company. Finally, Wolfe Research cut shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a report on Monday, July 22nd. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average 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.