Requisite Capital Management LLC Takes Position in Stifel Financial Corporation $SF

Requisite Capital Management LLC acquired a new position in shares of Stifel Financial Corporation (NYSE:SF) during the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 79,119 shares of the financial services provider’s stock, valued at approximately $5,520,000. Stifel Financial makes up 0.9% of Requisite Capital Management LLC’s investment portfolio, making the stock its 12th biggest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in SF. Brown Brothers Harriman & Co. raised its holdings in shares of Stifel Financial by 15.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 811 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 106 shares during the period. Steward Partners Investment Advisory LLC raised its stake in Stifel Financial by 0.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 23,449 shares of the financial services provider’s stock valued at $2,936,000 after purchasing an additional 114 shares during the period. Principal Securities Inc. lifted its holdings in shares of Stifel Financial by 6.9% in the fourth quarter. Principal Securities Inc. now owns 1,926 shares of the financial services provider’s stock valued at $241,000 after purchasing an additional 124 shares in the last quarter. Clark Capital Management Group Inc. boosted its position in shares of Stifel Financial by 3.8% in the third quarter. Clark Capital Management Group Inc. now owns 3,642 shares of the financial services provider’s stock worth $413,000 after buying an additional 134 shares during the period. Finally, Crossmark Global Holdings Inc. grew its holdings in shares of Stifel Financial by 1.8% during the fourth quarter. Crossmark Global Holdings Inc. now owns 7,811 shares of the financial services provider’s stock valued at $978,000 after buying an additional 140 shares in the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday, May 29th. Wall Street Zen lowered Stifel Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. UBS Group set a $90.00 target price on Stifel Financial in a research note on Thursday, July 23rd. JPMorgan Chase & Co. upped their target price on Stifel Financial from $80.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. Finally, Zacks Research raised shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $91.90.

Stifel Financial Trading Down 1.9%

NYSE SF opened at $84.00 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 firm’s fifty day simple moving average is $77.37 and its 200-day simple moving average is $76.46. The company has a market capitalization of $12.68 billion, a PE ratio of 15.04 and a beta of 0.99.

Stifel Financial (NYSE:SF) last released its quarterly earnings data 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. Stifel Financial had a return on equity of 19.22% and a net margin of 16.11%.The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter last year, the firm earned $1.71 earnings per share. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Stifel Financial Corporation will post 6.36 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Tuesday, September 1st. Stifel Financial’s payout ratio is currently 24.33%.

Insider Activity at Stifel Financial

In related news, Director Maryam S. Brown sold 4,700 shares of the business’s stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $79.20, for a total value of $372,240.00. Following the completion of the sale, the director owned 5,729 shares of the company’s stock, valued at approximately $453,736.80. The trade was a 45.07% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 3.36% of the company’s stock.

Stifel Financial Profile

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.