Beverly Hills Private Wealth LLC Increases Stock Position in Stifel Financial Corp. (NYSE:SF)

Beverly Hills Private Wealth LLC boosted its holdings in Stifel Financial Corp. (NYSE:SF) by 62.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,789 shares of the financial services provider’s stock after buying an additional 7,596 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Stifel Financial were worth $1,665,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of 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 purchased a new position in shares of Stifel Financial during the 1st quarter valued at $32,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Stifel Financial in the first quarter worth $33,000. Bessemer Group Inc. raised its position in shares of Stifel Financial by 388.3% in 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 purchased a new position in Stifel Financial during the second quarter worth about $64,000. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Stock Performance

NYSE:SF opened at $82.93 on Thursday. 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 Corp. has a fifty-two week low of $54.81 and a fifty-two week high of $90.00. The firm has a market cap of $8.50 billion, a PE ratio of 18.85 and a beta of 1.09. The business has a 50 day moving average price of $84.31 and a 200-day moving average price of $80.58.

Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $1.60 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 11.59% and a return on equity of 13.24%. The firm’s revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.20 EPS. 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 will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be paid a $0.42 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $1.68 annualized dividend and a dividend yield of 2.03%. Stifel Financial’s payout ratio is presently 38.18%.

Analysts Set New Price Targets

SF has been the topic of several recent analyst reports. TD Cowen raised their price target on Stifel Financial from $85.00 to $88.00 and gave the company a “hold” rating in a report on Thursday, July 25th. StockNews.com downgraded shares of Stifel Financial from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Wolfe Research cut shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 22nd. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $105.00 price objective on shares of Stifel Financial in a report on Monday. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $87.75.

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.