Measured Wealth Private Client Group LLC Increases Position in Stifel Financial Corp. (NYSE:SF)

Measured Wealth Private Client Group LLC lifted its position in Stifel Financial Corp. (NYSE:SF) by 28.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,598 shares of the financial services provider’s stock after purchasing an additional 1,233 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Stifel Financial were worth $526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of SF. Vanguard Group Inc. grew its stake in Stifel Financial by 3.9% during the first quarter. Vanguard Group Inc. now owns 10,461,734 shares of the financial services provider’s stock valued at $817,794,000 after acquiring an additional 391,384 shares in the last quarter. Los Angeles Capital Management LLC grew its stake in Stifel Financial by 929.9% during the second quarter. Los Angeles Capital Management LLC now owns 296,574 shares of the financial services provider’s stock valued at $24,957,000 after acquiring an additional 267,777 shares in the last quarter. Earnest Partners LLC grew its stake in Stifel Financial by 7.0% during the first quarter. Earnest Partners LLC now owns 2,932,059 shares of the financial services provider’s stock valued at $229,199,000 after acquiring an additional 191,896 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Stifel Financial during the second quarter valued at $7,415,000. Finally, Poplar Forest Capital LLC grew its stake in Stifel Financial by 87.1% during the first quarter. Poplar Forest Capital LLC now owns 184,632 shares of the financial services provider’s stock valued at $14,433,000 after acquiring an additional 85,934 shares in the last quarter. 82.01% of the stock is owned by hedge funds and other institutional investors.

Stifel Financial Price Performance

Stifel Financial stock opened at $103.35 on Thursday. The firm has a 50-day moving average price of $92.76 and a 200-day moving average price of $85.47. The firm has a market capitalization of $10.59 billion, a PE ratio of 18.83 and a beta of 1.09. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 0.38. Stifel Financial Corp. has a 12-month low of $56.28 and a 12-month high of $106.10.

Stifel Financial (NYSE:SF) last released its earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($0.10). The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.20 billion. Stifel Financial had a return on equity of 15.11% and a net margin of 12.98%. Stifel Financial’s revenue was up 17.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 EPS. As a group, equities research analysts forecast that Stifel Financial Corp. will post 6.44 EPS for the current year.

Stifel Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.68 dividend on an annualized basis and a yield of 1.63%. Stifel Financial’s payout ratio is 30.38%.

Analyst Ratings Changes

Several equities analysts recently weighed in on SF shares. StockNews.com cut shares of Stifel Financial from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. TD Cowen increased their price objective on shares of Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a research report on Thursday, October 24th. JMP Securities increased their price objective on shares of Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 9th. Wolfe Research lowered shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 22nd. Finally, Citigroup increased 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. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $100.33.

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.