Ritholtz Wealth Management Buys New Stake in Stifel Financial Corp. (NYSE:SF)

Ritholtz Wealth Management bought a new stake in Stifel Financial Corp. (NYSE:SF) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,723 shares of the financial services provider’s stock, valued at approximately $256,000.

Several other institutional investors and hedge funds have also bought and sold shares of SF. GAMMA Investing LLC increased its holdings in shares of Stifel Financial by 27.7% during the third quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 109 shares in the last quarter. CWM LLC increased its holdings in shares of Stifel Financial by 3.8% in the third quarter. CWM LLC now owns 3,940 shares of the financial services provider’s stock valued at $370,000 after purchasing an additional 145 shares during the period. Delphi Management Inc. MA increased its holdings in Stifel Financial by 0.8% in the 2nd quarter. Delphi Management Inc. MA now owns 22,778 shares of the financial services provider’s stock worth $1,917,000 after buying an additional 176 shares during the period. UMB Bank n.a. increased its stake in shares of Stifel Financial by 36.6% in the third quarter. UMB Bank n.a. now owns 870 shares of the financial services provider’s stock worth $82,000 after acquiring an additional 233 shares during the period. Finally, Mercer Global Advisors Inc. ADV grew its position in Stifel Financial by 2.9% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 10,116 shares of the financial services provider’s stock worth $851,000 after purchasing an additional 284 shares during the period. 82.01% of the stock is owned by hedge funds and other institutional investors.

Stifel Financial Price Performance

Stifel Financial stock opened at $102.42 on Friday. 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 company’s fifty day moving average price is $89.23 and its 200 day moving average price is $83.74. The stock has a market capitalization of $10.50 billion, a P/E ratio of 21.75 and a beta of 1.09. Stifel Financial Corp. has a 1 year low of $54.81 and a 1 year high of $102.80.

Stifel Financial (NYSE:SF) last announced its earnings results on Wednesday, July 24th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.06. Stifel Financial had a net margin of 11.59% and a return on equity of 13.24%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the business earned $1.20 earnings per share. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Stifel Financial Corp. will post 6.55 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.64%. Stifel Financial’s payout ratio is currently 35.67%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SF. JMP Securities boosted their price objective on Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. Wolfe Research cut shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 22nd. StockNews.com cut shares of Stifel Financial from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Wells Fargo & Company raised their price target on shares of Stifel Financial from $101.00 to $108.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Finally, The Goldman Sachs Group upped their price objective on shares of Stifel Financial from $85.00 to $94.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Stifel Financial currently has an average rating of “Hold” and a consensus target price of $96.67.

About Stifel Financial

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.