Moran Wealth Management LLC Raises Holdings in Stifel Financial Corporation $SF

Moran Wealth Management LLC increased its stake in shares of Stifel Financial Corporation (NYSE:SF) by 49.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 204,372 shares of the financial services provider’s stock after acquiring an additional 67,478 shares during the period. Moran Wealth Management LLC owned about 0.13% of Stifel Financial worth $15,107,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Activest Wealth Management boosted its position in Stifel Financial by 12,000.0% in the 4th quarter. Activest Wealth Management now owns 242 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 240 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Stifel Financial during the 3rd quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Stifel Financial in the 4th quarter valued at $34,000. Cullen Frost Bankers Inc. purchased a new stake in Stifel Financial during the fourth quarter worth $50,000. Finally, BOKF NA boosted its holdings in Stifel Financial by 1,626.9% during the third quarter. BOKF NA now owns 449 shares of the financial services provider’s stock worth $51,000 after buying an additional 423 shares in the last quarter. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Stifel Financial Stock Performance

SF opened at $73.12 on Friday. The firm’s fifty day simple moving average is $73.23 and its two-hundred day simple moving average is $77.65. Stifel Financial Corporation has a 52-week low of $67.81 and a 52-week high of $89.83. The company has a market cap of $11.22 billion, a price-to-earnings ratio of 14.23 and a beta of 1.01. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.29.

Stifel Financial (NYSE:SF) last released its earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.51 billion. During the same quarter in the previous year, the company earned $0.49 earnings per share. 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 earnings per share for the current fiscal year.

Stifel Financial Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.9%. The ex-dividend date was Monday, June 1st. Stifel Financial’s payout ratio is 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.