ETF Store Inc. Takes Position in Stifel Financial Corp. (NYSE:SF)

ETF Store Inc. acquired a new stake in shares of Stifel Financial Corp. (NYSE:SF) in the second quarter, Holdings Channel.com reports. The firm acquired 2,672 shares of the financial services provider’s stock, valued at approximately $225,000.

Other large investors have also made changes to their positions in the company. Versant Capital Management Inc raised its position in shares of Stifel Financial by 1,818.8% during the second quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider’s stock valued at $26,000 after buying an additional 291 shares during the last quarter. Fidelis Capital Partners LLC acquired a new position in shares of Stifel Financial during the first quarter valued at about $32,000. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Stifel Financial during the first quarter valued at about $33,000. Montag A & Associates Inc. raised its position in shares of Stifel Financial by 336.2% during the fourth quarter. Montag A & Associates Inc. now owns 759 shares of the financial services provider’s stock valued at $52,000 after buying an additional 585 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in 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 purchasing an additional 633 shares in the last quarter. Institutional investors and hedge funds own 82.01% of the company’s stock.

Stifel Financial Price Performance

Shares of Stifel Financial stock opened at $85.37 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $8.75 billion, a price-to-earnings ratio of 19.40 and a beta of 1.09. Stifel Financial Corp. has a 1-year low of $54.81 and a 1-year high of $90.00. The firm’s 50-day moving average price is $84.31 and its two-hundred day moving average price is $80.35.

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

Stifel Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $0.42 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $1.68 annualized dividend and a yield of 1.97%. Stifel Financial’s dividend payout ratio is 38.18%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Wolfe Research lowered shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 22nd. StockNews.com lowered shares of Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. Finally, TD Cowen increased their price target on shares of Stifel Financial from $85.00 to $88.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $83.50.

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.