Jupiter Topco LLC Buys New Position in Stifel Financial Corporation $SF

Jupiter Topco LLC bought a new position in shares of Stifel Financial Corporation (NYSE:SF) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 68,400 shares of the financial services provider’s stock, valued at approximately $4,773,000.

A number of other hedge funds have also recently bought and sold shares of the company. Advisory Services Network LLC acquired a new stake in Stifel Financial in the 3rd quarter valued at about $29,000. Danske Bank A S acquired a new position in shares of Stifel Financial in the 2nd quarter worth approximately $31,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Stifel Financial in the 4th quarter worth approximately $34,000. Keating Financial Advisory Services Inc. acquired a new position in shares of Stifel Financial in the 2nd quarter worth approximately $35,000. Finally, JTC Employer Solutions Trustee Ltd raised its holdings in shares of Stifel Financial by 49.8% in the 1st quarter. JTC Employer Solutions Trustee Ltd now owns 481 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 160 shares in the last quarter. 82.01% of the stock is owned by institutional investors and hedge funds.

Stifel Financial Price Performance

NYSE SF opened at $80.78 on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.83 and a debt-to-equity ratio of 0.33. Stifel Financial Corporation has a 1 year low of $67.81 and a 1 year high of $89.83. The company has a market cap of $12.20 billion, a PE ratio of 14.46 and a beta of 0.99. The stock’s 50-day moving average price is $79.04 and its two-hundred day moving average price is $76.23.

Stifel Financial (NYSE:SF) last announced its earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 EPS for the quarter, topping the consensus estimate of $1.33 by $0.09. The company 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 business’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period last year, the company posted $1.71 earnings per share. On average, analysts predict that Stifel Financial Corporation will post 6.36 EPS for the current year.

Stifel Financial Dividend Announcement

The company also recently declared 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. This represents a $1.36 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Tuesday, September 1st. Stifel Financial’s dividend payout ratio is 24.33%.

Insider Buying and Selling

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 shares were sold at an average price of $79.20, for a total value of $372,240.00. Following the completion of the transaction, the director owned 5,729 shares of the company’s stock, valued at approximately $453,736.80. This trade represents a 45.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.36% of the company’s stock.

Wall Street Analysts Forecast Growth

SF has been the subject of several recent research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Stifel Financial in a research note on Wednesday, August 26th. Wall Street Zen cut 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 company a “neutral” rating in a report on Thursday, July 23rd. UBS Group set a $90.00 price objective on Stifel Financial in a research report on Thursday, July 23rd. Finally, Zacks Research raised Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $91.90.

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.