Meramec Financial Planners LLC Grows Holdings in Stifel Financial Corporation $SF

Meramec Financial Planners LLC lifted its stake in shares of Stifel Financial Corporation (NYSE:SF) by 50.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,533 shares of the financial services provider’s stock after buying an additional 12,511 shares during the quarter. Stifel Financial makes up about 1.2% of Meramec Financial Planners LLC’s investment portfolio, making the stock its 22nd largest holding. Meramec Financial Planners LLC’s holdings in Stifel Financial were worth $3,065,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. QRG Capital Management Inc. boosted its stake in Stifel Financial by 57.3% during the 1st quarter. QRG Capital Management Inc. now owns 21,012 shares of the financial services provider’s stock valued at $1,553,000 after acquiring an additional 7,654 shares during the last quarter. HB Wealth Management LLC increased its position in shares of Stifel Financial by 93.2% in the 1st quarter. HB Wealth Management LLC now owns 9,415 shares of the financial services provider’s stock worth $696,000 after purchasing an additional 4,542 shares during the last quarter. Moran Wealth Management LLC increased its position in shares of Stifel Financial by 49.3% in the 1st quarter. Moran Wealth Management LLC now owns 204,372 shares of the financial services provider’s stock worth $15,107,000 after purchasing an additional 67,478 shares during the last quarter. New York State Teachers Retirement System raised its stake in shares of Stifel Financial by 46.5% in the 1st quarter. New York State Teachers Retirement System now owns 209,930 shares of the financial services provider’s stock valued at $15,518,000 after purchasing an additional 66,657 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd raised its stake in shares of Stifel Financial by 71.9% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 75,681 shares of the financial services provider’s stock valued at $5,594,000 after purchasing an additional 31,646 shares in the last quarter. Institutional investors own 82.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SF shares. UBS Group decreased their price target on Stifel Financial from $100.00 to $89.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. Zacks Research upgraded Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stifel Financial in a report on Friday, May 29th. Finally, TD Cowen decreased their target price on Stifel Financial from $136.00 to $92.00 and set a “hold” rating for the company in a research report on Monday, March 23rd. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $91.15.

Stifel Financial Stock Down 0.1%

Shares of NYSE:SF opened at $73.12 on Friday. The company’s fifty day moving average is $73.23 and its two-hundred day moving average is $77.65. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 0.85. Stifel Financial Corporation has a 1-year low of $67.81 and a 1-year high of $89.83. The stock has a market capitalization of $11.22 billion, a price-to-earnings ratio of 14.23 and a beta of 1.01.

Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.39 by $0.06. Stifel Financial had a net margin of 15.34% and a return on equity of 18.76%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the business posted $0.49 EPS. The company’s quarterly revenue was up 17.7% on a year-over-year basis. Equities analysts anticipate that Stifel Financial Corporation will post 6.25 EPS for the current year.

Stifel Financial Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.34 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.36 dividend on an annualized basis and a yield of 1.9%. Stifel Financial’s dividend payout ratio (DPR) is currently 26.46%.

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.