OneDigital Investment Advisors LLC Takes Position in Stifel Financial Corporation $SF

OneDigital Investment Advisors LLC acquired a new position in shares of Stifel Financial Corporation (NYSE:SF) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 6,466 shares of the financial services provider’s stock, valued at approximately $451,000.

Other large investors have also recently made changes to their positions in the company. Fifth Third Bancorp lifted its position in shares of Stifel Financial by 430.4% during the 1st quarter. Fifth Third Bancorp now owns 73,993 shares of the financial services provider’s stock worth $5,470,000 after purchasing an additional 60,042 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Stifel Financial by 49.9% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 38,209 shares of the financial services provider’s stock valued at $2,824,000 after buying an additional 12,727 shares in the last quarter. Heartland Advisors Inc. raised its stake in Stifel Financial by 56.3% in the first quarter. Heartland Advisors Inc. now owns 134,153 shares of the financial services provider’s stock valued at $9,917,000 after buying an additional 48,346 shares in the last quarter. Royal Bank of Canada lifted its holdings in Stifel Financial by 43.0% during the 1st quarter. Royal Bank of Canada now owns 143,081 shares of the financial services provider’s stock worth $10,578,000 after buying an additional 43,036 shares during the last quarter. Finally, North Reef Capital Management LP purchased a new stake in Stifel Financial during the 1st quarter worth about $4,230,000. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on SF. Wall Street Zen downgraded Stifel Financial from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. JPMorgan Chase & Co. boosted their target price on Stifel Financial from $80.00 to $86.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stifel Financial in a report on Friday, May 29th. Zacks Research raised Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, UBS Group set a $90.00 price target on shares of Stifel Financial in a research note on Thursday, July 23rd. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.90.

Insider Transactions at Stifel Financial

In related news, Director Maryam S. Brown sold 4,700 shares of the firm’s 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 transaction, the director owned 5,729 shares in the company, valued at $453,736.80. This trade represents a 45.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.36% of the stock is owned by corporate insiders.

Stifel Financial Price Performance

Shares of SF opened at $82.73 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.88 and a quick ratio of 0.83. Stifel Financial Corporation has a 1-year low of $67.81 and a 1-year high of $89.83. The stock has a market cap of $12.49 billion, a PE ratio of 14.81 and a beta of 0.99. The firm has a fifty day moving average price of $77.86 and a 200 day moving average price of $76.46.

Stifel Financial (NYSE:SF) last issued its quarterly earnings data 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. Stifel Financial had a return on equity of 19.22% and a net margin of 16.11%.The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the company posted $1.71 earnings per share. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Stifel Financial Corporation will post 6.36 EPS for the current year.

Stifel Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a $0.34 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.6%. Stifel Financial’s dividend payout ratio is 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.