Savant Capital LLC Purchases 24,411 Shares of Stifel Financial Corporation $SF

Savant Capital LLC raised its position in Stifel Financial Corporation (NYSE:SF) by 417.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 30,262 shares of the financial services provider’s stock after purchasing an additional 24,411 shares during the period. Savant Capital LLC’s holdings in Stifel Financial were worth $3,141,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Allworth Financial LP grew its holdings in shares of Stifel Financial by 67.7% in the first quarter. Allworth Financial LP now owns 337 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 136 shares in the last quarter. Hantz Financial Services Inc. boosted its position in Stifel Financial by 5,528.6% in the second quarter. Hantz Financial Services Inc. now owns 394 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 387 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in Stifel Financial by 40.8% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 466 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 135 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Stifel Financial during the 1st quarter valued at $68,000. Finally, Quarry LP increased its position in shares of Stifel Financial by 151.9% during the 1st quarter. Quarry LP now owns 1,156 shares of the financial services provider’s stock valued at $109,000 after purchasing an additional 697 shares during the last quarter. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Price Performance

SF opened at $121.68 on Monday. The firm has a 50-day moving average price of $114.27 and a 200-day moving average price of $106.83. Stifel Financial Corporation has a twelve month low of $73.27 and a twelve month high of $121.74. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $12.39 billion, a price-to-earnings ratio of 21.50 and a beta of 1.19.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $1.95 EPS for the quarter, topping the consensus estimate of $1.89 by $0.06. Stifel Financial had a net margin of 12.44% and a return on equity of 15.06%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period last year, the firm earned $1.50 EPS. Stifel Financial’s revenue for the quarter was up 16.7% on a year-over-year basis. Equities analysts expect that Stifel Financial Corporation will post 8.26 EPS for the current year.

Stifel Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, December 1st. Stifel Financial’s dividend payout ratio (DPR) is presently 32.51%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on SF shares. UBS Group set a $135.00 price target on shares of Stifel Financial in a report on Thursday, October 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Stifel Financial in a research report on Wednesday, October 8th. Cowen upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Stifel Financial from a “sell” rating to a “hold” rating in a research report on Sunday, August 3rd. Finally, Stifel Nicolaus set a $131.00 price target on shares of Stifel Financial in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $125.90.

Stifel Financial 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.