Kingsview Wealth Management LLC Invests $4.38 Million in Stifel Financial Corporation $SF

Kingsview Wealth Management LLC acquired a new stake in Stifel Financial Corporation (NYSE:SF) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 62,766 shares of the financial services provider’s stock, valued at approximately $4,379,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SF. BlackRock Inc. purchased a new stake in Stifel Financial during the 2nd quarter worth about $1,031,197,000. Bank of America Corp DE purchased a new position in shares of Stifel Financial in the 2nd quarter valued at about $123,551,000. AQR Capital Management LLC boosted its stake in shares of Stifel Financial by 94.8% in the 4th quarter. AQR Capital Management LLC now owns 2,893,850 shares of the financial services provider’s stock valued at $362,368,000 after buying an additional 1,408,347 shares during the period. Norges Bank acquired a new position in shares of Stifel Financial during the fourth quarter worth about $172,446,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Stifel Financial during the second quarter worth about $93,235,000. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Stifel Financial Price Performance

Shares of NYSE SF opened at $81.31 on Friday. The stock’s 50-day simple moving average is $78.90 and its 200-day simple moving average is $76.33. The firm has a market capitalization of $12.28 billion, a PE ratio of 14.55 and a beta of 0.99. Stifel Financial Corporation has a fifty-two week low of $67.81 and a fifty-two week high of $89.83. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.83 and a current ratio of 0.88.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.09. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. Stifel Financial had a return on equity of 19.22% and a net margin of 16.11%.The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.71 earnings per share. As a group, equities research analysts forecast that Stifel Financial Corporation will post 6.36 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a $0.34 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $1.36 annualized dividend and a dividend yield of 1.7%. Stifel Financial’s dividend payout ratio is presently 24.33%.

Insider Activity

In related news, Director Maryam S. Brown sold 4,700 shares of the stock in a transaction 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 transaction, the director directly owned 5,729 shares of the company’s stock, 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 accessible through the SEC website. Insiders own 3.36% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on SF. UBS Group set a $90.00 target price on shares of Stifel Financial in a report on Thursday, July 23rd. Wall Street Zen cut shares of Stifel Financial from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Weiss Ratings reissued a “buy (b-)” rating on shares of Stifel Financial in a research report on Wednesday. Zacks Research upgraded shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Stifel Financial from $80.00 to $86.00 and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.