2,645 Shares in Stifel Financial Corporation $SF Acquired by Midwest Trust Co

Midwest Trust Co bought a new position in Stifel Financial Corporation (NYSE:SF) in the second quarter, HoldingsChannel.com reports. The fund bought 2,645 shares of the financial services provider’s stock, valued at approximately $274,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allworth Financial LP grew its holdings 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 acquiring an additional 136 shares during the period. Hantz Financial Services Inc. lifted its holdings in Stifel Financial by 5,528.6% in the second quarter. Hantz Financial Services Inc. now owns 394 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 387 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in 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 purchasing an additional 135 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Stifel Financial during the 1st quarter valued at about $68,000. Finally, Quarry LP increased its position in shares of Stifel Financial by 151.9% during the 1st quarter. Quarry LP now owns 1,156 shares of the financial services provider’s stock valued at $109,000 after purchasing an additional 697 shares during the last quarter. 82.01% of the stock is owned by institutional investors.

Stifel Financial Stock Up 2.0%

Shares of SF stock opened at $124.93 on Thursday. 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 Corporation has a one year low of $73.27 and a one year high of $125.73. The company’s fifty day moving average price is $114.80 and its 200-day moving average price is $107.47. The company has a market capitalization of $12.72 billion, a price-to-earnings ratio of 22.07 and a beta of 1.19.

Stifel Financial (NYSE:SF) last issued its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.06. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.33 billion. Stifel Financial had a return on equity of 15.06% and a net margin of 12.44%.Stifel Financial’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.50 EPS. Sell-side analysts expect that Stifel Financial Corporation will post 8.26 EPS for the current fiscal year.

Stifel Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, December 1st. Stifel Financial’s dividend payout ratio (DPR) is 32.51%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SF shares. Stifel Nicolaus set a $131.00 price objective on shares of Stifel Financial in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Stifel Financial from a “sell” rating to a “hold” rating in a research note on Sunday, August 3rd. JMP Securities boosted their price objective on shares of Stifel Financial from $130.00 to $135.00 and gave the company a “market outperform” rating in a research report on Thursday, October 9th. BMO Capital Markets began coverage on Stifel Financial in a research note on Friday, October 3rd. They issued a “market perform” rating and a $121.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their target price on Stifel Financial from $125.00 to $133.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Stifel Financial has an average rating of “Moderate Buy” and a consensus price target of $125.90.

About Stifel Financial

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.