32,493 Shares in Stifel Financial Corporation $SF Bought by First National Bank of Omaha

First National Bank of Omaha acquired a new position in shares of Stifel Financial Corporation (NYSE:SF) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 32,493 shares of the financial services provider’s stock, valued at approximately $2,267,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of SF. BlackRock Inc. purchased a new stake in shares of Stifel Financial in the second quarter valued at about $1,031,197,000. AQR Capital Management LLC grew its holdings in shares of Stifel Financial by 94.8% during the fourth quarter. AQR Capital Management LLC now owns 2,893,850 shares of the financial services provider’s stock worth $362,368,000 after buying an additional 1,408,347 shares during the last quarter. Norges Bank purchased a new position in shares of Stifel Financial during the fourth quarter worth about $172,446,000. Bank of New York Mellon Corp acquired a new position in Stifel Financial in the 2nd quarter valued at about $93,235,000. Finally, Dimensional Fund Advisors LP increased its position in Stifel Financial by 51.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,616,616 shares of the financial services provider’s stock valued at $193,403,000 after acquiring an additional 890,810 shares during the period. 82.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Maryam S. Brown sold 4,700 shares of the stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $79.20, for a total transaction of $372,240.00. Following the completion of the transaction, the director directly owned 5,729 shares of the company’s stock, valued at approximately $453,736.80. This represents a 45.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.36% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on SF shares. Zacks Research raised Stifel Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stifel Financial in a research note on Friday, May 29th. Wall Street Zen lowered Stifel Financial from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. JPMorgan Chase & Co. upped their price target on Stifel Financial from $80.00 to $86.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Finally, UBS Group set a $90.00 price target on Stifel Financial in a report on Thursday, July 23rd. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Stifel Financial has an average rating of “Moderate Buy” and an average target price of $91.90.

Stifel Financial Trading Down 1.2%

Shares of Stifel Financial stock opened at $82.73 on Thursday. Stifel Financial Corporation has a 52-week low of $67.81 and a 52-week high of $89.83. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt-to-equity ratio of 0.33. The company’s 50-day simple moving average is $77.86 and its 200-day simple moving average is $76.46. The firm has a market cap of $12.49 billion, a price-to-earnings ratio of 14.81 and a beta of 0.99.

Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.09. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Stifel Financial had a net margin of 16.11% and a return on equity of 19.22%. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.71 earnings per share. As a group, equities research analysts anticipate that Stifel Financial Corporation will post 6.36 earnings per share 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. The ex-dividend date is Tuesday, September 1st. This represents a $1.36 annualized dividend and a yield of 1.6%. Stifel Financial’s payout ratio is presently 24.33%.

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.