Waldron Private Wealth LLC Makes New $34,000 Investment in Stifel Financial Corp. (NYSE:SF)

Waldron Private Wealth LLC bought a new stake in Stifel Financial Corp. (NYSE:SF) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 363 shares of the financial services provider’s stock, valued at approximately $34,000.

A number of other hedge funds have also recently modified their holdings of the stock. GAMMA Investing LLC lifted its stake in shares of Stifel Financial by 27.7% in the third quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 109 shares during the period. CWM LLC lifted its holdings in shares of Stifel Financial by 3.8% during the 3rd quarter. CWM LLC now owns 3,940 shares of the financial services provider’s stock worth $370,000 after acquiring an additional 145 shares during the period. Delphi Management Inc. MA boosted its holdings in shares of 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 valued at $1,917,000 after purchasing an additional 176 shares during the last quarter. UMB Bank n.a. boosted its holdings in Stifel Financial by 36.6% in the third quarter. UMB Bank n.a. now owns 870 shares of the financial services provider’s stock valued at $82,000 after acquiring an additional 233 shares during the last quarter. Finally, Wedge Capital Management L L P NC lifted its stake in shares of Stifel Financial by 1.2% in the 3rd quarter. Wedge Capital Management L L P NC now owns 19,913 shares of the financial services provider’s stock valued at $1,870,000 after purchasing an additional 234 shares in the last quarter. 82.01% of the stock is owned by hedge funds and other institutional investors.

Stifel Financial Price Performance

Shares of NYSE:SF opened at $104.26 on Friday. The business has a 50 day moving average price of $91.61 and a 200 day moving average price of $84.75. The company has a market cap of $10.69 billion, a price-to-earnings ratio of 22.14 and a beta of 1.09. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. Stifel Financial Corp. has a twelve month low of $54.81 and a twelve month high of $104.80.

Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.10). Stifel Financial had a return on equity of 13.24% and a net margin of 11.59%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior year, the firm earned $0.60 EPS. The firm’s quarterly revenue was up 17.2% on a year-over-year basis. Research analysts predict that Stifel Financial Corp. will post 6.49 earnings per share for the current year.

Stifel Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend was Tuesday, September 3rd. Stifel Financial’s dividend payout ratio (DPR) is presently 35.67%.

Analysts Set New Price Targets

SF has been the subject of several analyst reports. TD Cowen upped their target price on shares of Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Thursday. StockNews.com downgraded Stifel Financial from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. The Goldman Sachs Group raised their target price on shares of Stifel Financial from $85.00 to $94.00 and gave the stock a “neutral” rating in a report on Thursday, September 26th. Wells Fargo & Company boosted their price target on shares of Stifel Financial from $108.00 to $113.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Wolfe Research lowered Stifel Financial from an “outperform” rating to a “peer perform” rating in a report on Monday, July 22nd. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $100.33.

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.