Stifel Financial Corp. (NYSE:SF) Shares Bought by First Trust Advisors LP

Posted by Defense World Staff on Mar 10th, 2023

First Trust Advisors LP grew its stake in shares of Stifel Financial Corp. (NYSE:SF – Get Rating) by 139.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 332,996 shares of the financial services provider’s stock after acquiring an additional 194,019 shares during the period. First Trust Advisors LP owned about 0.31% of Stifel Financial worth $17,286,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Ronald Blue Trust Inc. bought a new position in shares of Stifel Financial in the 2nd quarter worth about $28,000. Meeder Asset Management Inc. lifted its position in Stifel Financial by 1,177.4% in the 2nd quarter. Meeder Asset Management Inc. now owns 792 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 730 shares during the last quarter. Advanced Research Investment Solutions LLC bought a new stake in Stifel Financial in the 3rd quarter valued at about $57,000. Quantbot Technologies LP bought a new stake in Stifel Financial in the 3rd quarter valued at about $73,000. Finally, Quadrant Capital Group LLC lifted its position in Stifel Financial by 53.7% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,532 shares of the financial services provider’s stock valued at $86,000 after purchasing an additional 535 shares during the last quarter. 83.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on SF. UBS Group began coverage on shares of Stifel Financial in a research report on Tuesday, November 22nd. They set a “neutral” rating on the stock. JMP Securities dropped their price target on shares of Stifel Financial from $98.00 to $95.00 and set a “market outperform” rating on the stock in a research report on Tuesday, January 10th. Finally, StockNews.com upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating in a research report on Friday, February 24th.

Stifel Financial Stock Down 5.5 %

NYSE:SF opened at $62.85 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.80 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $6.71 billion, a price-to-earnings ratio of 11.81 and a beta of 1.29. The business’s fifty day moving average price is $64.64 and its 200 day moving average price is $61.08. Stifel Financial Corp. has a 1-year low of $49.31 and a 1-year high of $72.61.

Stifel Financial (NYSE:SF – Get Rating) last released its earnings results on Wednesday, January 25th. The financial services provider reported $1.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.06). Stifel Financial had a return on equity of 15.84% and a net margin of 15.08%. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the company earned $2.23 EPS. The firm’s quarterly revenue was down 14.0% compared to the same quarter last year.

Stifel Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st will be given a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, February 28th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.29%. This is an increase from Stifel Financial’s previous quarterly dividend of $0.30. Stifel Financial’s dividend payout ratio (DPR) is currently 27.07%.

Stifel Financial Company Profile

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Stifel Financial Corp. provides securities brokerage, investment banking, trading, investment advisory, and related financial services. It operates through the following segments: Global Wealth Management, Institutional Group, and Other. The Global Wealth Management segment provides securities transaction, brokerage, and investment services to clients.