110,595 Shares in Stifel Financial Corporation $SF Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company purchased a new stake in shares of Stifel Financial Corporation (NYSE:SF) in the 2nd quarter, Holdings Channel reports. The fund purchased 110,595 shares of the financial services provider’s stock, valued at approximately $7,716,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Brown Brothers Harriman & Co. raised its stake in shares of Stifel Financial by 15.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 811 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 106 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of Stifel Financial by 0.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 23,449 shares of the financial services provider’s stock valued at $2,936,000 after buying an additional 114 shares in the last quarter. Principal Securities Inc. grew its stake in shares of Stifel Financial by 6.9% in the fourth quarter. Principal Securities Inc. now owns 1,926 shares of the financial services provider’s stock valued at $241,000 after buying an additional 124 shares in the last quarter. Clark Capital Management Group Inc. increased its holdings in Stifel Financial by 3.8% during the third quarter. Clark Capital Management Group Inc. now owns 3,642 shares of the financial services provider’s stock worth $413,000 after buying an additional 134 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its holdings in Stifel Financial by 1.8% during the fourth quarter. Crossmark Global Holdings Inc. now owns 7,811 shares of the financial services provider’s stock worth $978,000 after buying an additional 140 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors.

Insider Activity at Stifel Financial

In other news, Director Maryam S. Brown sold 4,700 shares of the firm’s stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $79.20, for a total transaction of $372,240.00. Following the transaction, the director directly owned 5,729 shares of the company’s stock, valued at approximately $453,736.80. This trade represents a 45.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.36% of the company’s stock.

Stifel Financial Trading Up 0.0%

Shares of Stifel Financial stock opened at $81.31 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.83 and a current ratio of 0.88. The firm has a 50-day moving average of $78.90 and a 200-day moving average of $76.25. Stifel Financial Corporation has a 52-week low of $67.81 and a 52-week high of $89.83. The stock has a market cap of $12.28 billion, a PE ratio of 14.55 and a beta of 0.99.

Stifel Financial (NYSE:SF) last released its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.09. Stifel Financial had a net margin of 16.11% and a return on equity of 19.22%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the firm earned $1.71 earnings per share. Stifel Financial’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Stifel Financial Corporation will post 6.36 EPS for the current year.

Stifel Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Tuesday, September 1st. Stifel Financial’s dividend payout ratio is presently 24.33%.

Wall Street Analyst Weigh In

A number of brokerages have commented on SF. JPMorgan Chase & Co. increased their price target on shares of Stifel Financial from $80.00 to $86.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Wall Street Zen lowered shares of Stifel Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Zacks Research upgraded shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. UBS Group set a $90.00 price objective on Stifel Financial in a research report on Thursday, July 23rd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Stifel Financial in a research report on Wednesday. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $91.90.

Stifel Financial Profile

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.