Stifel Financial Corp. (NYSE:SF) Shares Sold by US Bancorp DE

Posted by Defense World Staff on Aug 19th, 2023

US Bancorp DE lowered its holdings in Stifel Financial Corp. (NYSE:SF – Free Report) by 1.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,063 shares of the financial services provider’s stock after selling 654 shares during the period. US Bancorp DE’s holdings in Stifel Financial were worth $2,722,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SF. Citigroup Inc. grew its holdings in shares of Stifel Financial by 22.0% in the first quarter. Citigroup Inc. now owns 58,283 shares of the financial services provider’s stock valued at $3,957,000 after purchasing an additional 10,500 shares in the last quarter. Bank of Montreal Can grew its holdings in Stifel Financial by 118.2% during the 1st quarter. Bank of Montreal Can now owns 81,633 shares of the financial services provider’s stock worth $5,808,000 after acquiring an additional 44,219 shares in the last quarter. Great West Life Assurance Co. Can grew its holdings in Stifel Financial by 8.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 57,088 shares of the financial services provider’s stock worth $3,985,000 after acquiring an additional 4,405 shares in the last quarter. Sei Investments Co. grew its holdings in Stifel Financial by 1.3% during the 1st quarter. Sei Investments Co. now owns 165,260 shares of the financial services provider’s stock worth $11,192,000 after acquiring an additional 2,135 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in Stifel Financial during the 1st quarter worth approximately $550,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on SF shares. JMP Securities reiterated a “market outperform” rating and set a $91.00 price target on shares of Stifel Financial in a report on Friday, June 30th. StockNews.com started coverage on shares of Stifel Financial in a report on Thursday. They set a “buy” rating for the company.

Read Our Latest Stock Report on SF

Stifel Financial Stock Up 1.4 %

Shares of NYSE:SF opened at $62.60 on Friday. The company has a market capitalization of $6.54 billion, a PE ratio of 12.47 and a beta of 1.25. The company has a current ratio of 0.83, a quick ratio of 0.79 and a debt-to-equity ratio of 0.32. Stifel Financial Corp. has a twelve month low of $49.31 and a twelve month high of $68.77. The firm has a 50 day simple moving average of $61.38 and a 200-day simple moving average of $60.98.

Stifel Financial (NYSE:SF – Get Free Report) last issued its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.13). The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Stifel Financial had a return on equity of 14.51% and a net margin of 13.83%. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.40 EPS.

Stifel Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a $0.36 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $1.44 annualized dividend and a yield of 2.30%. Stifel Financial’s dividend payout ratio (DPR) is 28.69%.

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, the United Kingdom, the rest of Europe, and Canada.