Moran Wealth Management LLC Increases Stock Position in Stifel Financial Corporation $SF

by · The Cerbat Gem

Moran Wealth Management LLC increased its position in shares of Stifel Financial Corporation (NYSE:SF – Free Report) by 1.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 109,344 shares of the financial services provider’s stock after buying an additional 1,135 shares during the period. Moran Wealth Management LLC’s holdings in Stifel Financial were worth $11,348,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in SF. Alpine Bank Wealth Management purchased a new position in Stifel Financial during the first quarter valued at $27,000. Allworth Financial LP lifted its stake in shares of Stifel Financial by 67.7% in the first quarter. Allworth Financial LP now owns 337 shares of the financial services provider’s stock worth $29,000 after buying an additional 136 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Stifel Financial by 40.8% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 466 shares of the financial services provider’s stock worth $48,000 after buying an additional 135 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of Stifel Financial by 53.0% in the first quarter. Bessemer Group Inc. now owns 491 shares of the financial services provider’s stock worth $46,000 after buying an additional 170 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Stifel Financial during the first quarter worth about $68,000. 82.01% of the stock is owned by hedge funds and other institutional investors.

Stifel Financial Price Performance

Shares of SF opened at $109.37 on Tuesday. Stifel Financial Corporation has a 1-year low of $73.27 and a 1-year high of $120.64. The stock has a market cap of $11.17 billion, a PE ratio of 21.20 and a beta of 1.13. The firm has a 50-day simple moving average of $113.32 and a two-hundred day simple moving average of $102.48. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.82 and a quick ratio of 0.77.

Stifel Financial (NYSE:SF – Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.06. Stifel Financial had a net margin of 11.90% and a return on equity of 13.93%. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period last year, the business earned $1.60 earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, analysts forecast that Stifel Financial Corporation will post 8.26 EPS for the current year.

Stifel Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a $0.46 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $1.84 annualized dividend and a dividend yield of 1.7%. Stifel Financial’s dividend payout ratio (DPR) is presently 35.66%.

Analyst Ratings Changes

Several research firms recently issued reports on SF. Wells Fargo & Company raised their price objective on shares of Stifel Financial from $102.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. Wall Street Zen upgraded shares of Stifel Financial from a “sell” rating to a “hold” rating in a research report on Sunday, August 3rd. Cowen upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, October 8th. Zacks Research cut shares of Stifel Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 8th. Finally, JMP Securities raised their price objective on shares of Stifel Financial from $130.00 to $135.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 9th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $122.60.

View Our Latest Stock Report on SF

Stifel Financial Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding SF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stifel Financial Corporation (NYSE:SF – Free Report).