Hilltop National Bank Purchases Shares of 1,506 Stifel Financial Corporation $SF

Hilltop National Bank purchased a new position in Stifel Financial Corporation (NYSE:SF) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,506 shares of the financial services provider’s stock, valued at approximately $156,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. AQR Capital Management LLC grew its stake in shares of Stifel Financial by 314.1% in the first quarter. AQR Capital Management LLC now owns 1,383,836 shares of the financial services provider’s stock worth $126,925,000 after purchasing an additional 1,049,665 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Stifel Financial by 529.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 398,633 shares of the financial services provider’s stock worth $37,576,000 after buying an additional 335,257 shares during the period. Nuveen LLC bought a new stake in shares of Stifel Financial in the 1st quarter worth approximately $28,564,000. Vanguard Group Inc. increased its stake in shares of Stifel Financial by 2.1% during the first quarter. Vanguard Group Inc. now owns 10,620,407 shares of the financial services provider’s stock valued at $1,001,080,000 after buying an additional 217,415 shares during the period. Finally, Moran Wealth Management LLC bought a new position in shares of Stifel Financial during the first quarter valued at approximately $10,200,000. 82.01% of the stock is owned by institutional investors.

Stifel Financial Trading Down 0.7%

NYSE:SF opened at $111.29 on Friday. The firm has a market capitalization of $11.37 billion, a P/E ratio of 21.57 and a beta of 1.13. 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 $120.64. The company’s 50-day simple moving average is $113.51 and its 200 day simple moving average is $101.96.

Stifel Financial (NYSE:SF) last released its earnings results on Wednesday, July 30th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.06. Stifel Financial had a net margin of 11.90% and a return on equity of 13.93%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period last year, the business earned $1.60 earnings per share. The business’s revenue was up 5.4% on a year-over-year basis. As a group, analysts forecast that Stifel Financial Corporation will post 8.26 EPS for the current fiscal year.

Stifel Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, September 2nd. Stifel Financial’s dividend payout ratio is currently 35.66%.

Analysts Set New Price Targets

SF has been the topic of several recent analyst reports. Zacks Research cut shares of Stifel Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, September 8th. BMO Capital Markets started coverage on shares of Stifel Financial in a research report on Friday. They issued a “market perform” rating and a $121.00 target price for the company. Citigroup upgraded shares of Stifel Financial from a “neutral” rating to a “buy” rating and boosted their price target for the company from $115.00 to $135.00 in a research report on Thursday, July 31st. Wells Fargo & Company raised their price objective on shares of Stifel Financial from $102.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. Finally, Wall Street Zen raised Stifel Financial from a “sell” rating to a “hold” rating in a research report on Sunday, August 3rd. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Stifel Financial currently has an average rating of “Hold” and an average target price of $116.30.

Stifel Financial Company Profile

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.