XTX Topco Ltd Grows Stock Holdings in Stifel Financial Corp. (NYSE:SF)

XTX Topco Ltd grew its holdings in Stifel Financial Corp. (NYSE:SF) by 101.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,821 shares of the financial services provider’s stock after buying an additional 7,476 shares during the period. XTX Topco Ltd’s holdings in Stifel Financial were worth $1,247,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in Stifel Financial in the fourth quarter worth about $84,369,000. Vanguard Group Inc. increased its position in shares of Stifel Financial by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 10,461,734 shares of the financial services provider’s stock valued at $817,794,000 after purchasing an additional 391,384 shares during the last quarter. Los Angeles Capital Management LLC raised its holdings in Stifel Financial by 929.9% during the 2nd quarter. Los Angeles Capital Management LLC now owns 296,574 shares of the financial services provider’s stock valued at $24,957,000 after buying an additional 267,777 shares during the period. Earnest Partners LLC lifted its position in Stifel Financial by 7.0% in the first quarter. Earnest Partners LLC now owns 2,932,059 shares of the financial services provider’s stock worth $229,199,000 after buying an additional 191,896 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Stifel Financial by 12.8% during the first quarter. Principal Financial Group Inc. now owns 1,332,258 shares of the financial services provider’s stock worth $104,143,000 after buying an additional 151,046 shares during the period. 82.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Stifel Financial Stock Performance

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

Stifel Financial (NYSE:SF) last issued its earnings results 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. The business 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%. Stifel Financial’s revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.20 EPS. As a group, equities analysts predict that Stifel Financial Corp. will post 6.55 EPS for the current year.

Stifel Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date was Tuesday, September 3rd. Stifel Financial’s dividend payout ratio (DPR) 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.