Brandywine Oak Private Wealth LLC Raises Stock Position in Stifel Financial Corporation $SF

Brandywine Oak Private Wealth LLC increased its position in Stifel Financial Corporation (NYSE:SF) by 40.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 66,682 shares of the financial services provider’s stock after acquiring an additional 19,053 shares during the period. Brandywine Oak Private Wealth LLC’s holdings in Stifel Financial were worth $4,929,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of SF. NewEdge Advisors LLC grew its position in shares of Stifel Financial by 5.8% during the 1st quarter. NewEdge Advisors LLC now owns 2,673 shares of the financial services provider’s stock valued at $252,000 after acquiring an additional 147 shares during the period. Jones Financial Companies Lllp grew its holdings in Stifel Financial by 1,162.6% during the first quarter. Jones Financial Companies Lllp now owns 2,702 shares of the financial services provider’s stock valued at $255,000 after purchasing an additional 2,488 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Stifel Financial by 106.8% during the second quarter. EverSource Wealth Advisors LLC now owns 974 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 503 shares during the period. First Trust Advisors LP grew its holdings in Stifel Financial by 86.5% during the second quarter. First Trust Advisors LP now owns 128,630 shares of the financial services provider’s stock valued at $13,349,000 after purchasing an additional 59,662 shares during the period. Finally, Amundi increased its position in Stifel Financial by 51.0% in the second quarter. Amundi now owns 31,906 shares of the financial services provider’s stock worth $3,425,000 after buying an additional 10,771 shares in the last quarter. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on SF. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday, May 29th. UBS Group reduced their target price on shares of Stifel Financial from $100.00 to $89.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. Zacks Research upgraded shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, TD Cowen lowered their price target on shares of Stifel Financial from $136.00 to $92.00 and set a “hold” rating on the stock in a report on Monday, March 23rd. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Stifel Financial has an average rating of “Moderate Buy” and a consensus price target of $91.15.

Stifel Financial Price Performance

NYSE:SF opened at $73.74 on Wednesday. The business’s 50-day simple moving average is $74.77 and its two-hundred day simple moving average is $78.39. Stifel Financial Corporation has a 52 week low of $66.75 and a 52 week high of $89.83. The stock has a market cap of $11.31 billion, a PE ratio of 14.35 and a beta of 1.00. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.29.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. Stifel Financial had a return on equity of 18.76% and a net margin of 15.34%.The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the prior year, the company posted $0.49 earnings per share. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. As a group, analysts forecast that Stifel Financial Corporation will post 6.25 EPS for the current fiscal year.

Stifel Financial Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.8%. The ex-dividend date was Monday, June 1st. Stifel Financial’s dividend payout ratio is presently 26.46%.

About Stifel Financial

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.