Northwestern Mutual Wealth Management Co. Sells 1,574 Shares of Stifel Financial Corp. (NYSE:SF)

Northwestern Mutual Wealth Management Co. decreased its stake in shares of Stifel Financial Corp. (NYSE:SF) by 54.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,325 shares of the financial services provider’s stock after selling 1,574 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Stifel Financial were worth $112,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in SF. Creative Planning increased its position in shares of Stifel Financial by 9.8% during the second quarter. Creative Planning now owns 14,891 shares of the financial services provider’s stock valued at $1,253,000 after purchasing an additional 1,335 shares during the period. Algert Global LLC increased its holdings in Stifel Financial by 17.3% in the 2nd quarter. Algert Global LLC now owns 84,165 shares of the financial services provider’s stock valued at $7,082,000 after buying an additional 12,405 shares during the period. Mackenzie Financial Corp bought a new stake in Stifel Financial in the 2nd quarter valued at $1,950,000. Earnest Partners LLC lifted its holdings in shares of Stifel Financial by 0.8% during the 2nd quarter. Earnest Partners LLC now owns 2,954,099 shares of the financial services provider’s stock worth $248,587,000 after acquiring an additional 22,040 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of Stifel Financial by 0.4% during the 2nd quarter. AQR Capital Management LLC now owns 371,444 shares of the financial services provider’s stock valued at $30,236,000 after acquiring an additional 1,616 shares in the last quarter. Institutional investors and hedge funds own 82.01% of the company’s stock.

Stifel Financial Price Performance

Stifel Financial stock opened at $97.44 on Friday. Stifel Financial Corp. has a 52 week low of $54.81 and a 52 week high of $98.40. The firm has a market cap of $9.99 billion, a P/E ratio of 20.69 and a beta of 1.09. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.80 and a current ratio of 0.84. The business’s fifty day moving average is $88.00 and its two-hundred day moving average is $83.23.

Stifel Financial (NYSE:SF) last issued its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.06. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. Stifel Financial had a net margin of 11.59% and a return on equity of 13.24%. The company’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.20 EPS. Equities research analysts forecast that Stifel Financial Corp. will post 6.55 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date was Tuesday, September 3rd. Stifel Financial’s dividend payout ratio is currently 35.67%.

Analyst Ratings Changes

SF has been the subject of several recent research reports. Wolfe Research lowered shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 22nd. The Goldman Sachs Group increased their target price on Stifel Financial from $85.00 to $94.00 and gave the stock a “neutral” rating in a report on Thursday, September 26th. TD Cowen boosted their price target on Stifel Financial from $85.00 to $88.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. Citigroup upped their price target on Stifel Financial from $90.00 to $102.00 and gave the company a “neutral” rating in a research report on Friday, September 27th. Finally, Wells Fargo & Company lifted their price objective on Stifel Financial from $101.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $96.67.

Stifel Financial Company 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.