6,848 Shares in Stifel Financial Corp. (NYSE:SF) Acquired by Intech Investment Management LLC

Intech Investment Management LLC purchased a new stake in shares of Stifel Financial Corp. (NYSE:SF - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,848 shares of the financial services provider's stock, valued at approximately $576,000.

Several other institutional investors have also modified their holdings of SF. BNP Paribas Financial Markets increased its stake in Stifel Financial by 7.2% during the 4th quarter. BNP Paribas Financial Markets now owns 7,036 shares of the financial services provider's stock valued at $487,000 after buying an additional 471 shares during the period. Steward Partners Investment Advisory LLC boosted its position in shares of Stifel Financial by 0.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 22,537 shares of the financial services provider's stock valued at $1,558,000 after purchasing an additional 141 shares during the period. TFO Wealth Partners LLC raised its holdings in Stifel Financial by 87,583.3% during the 4th quarter. TFO Wealth Partners LLC now owns 5,261 shares of the financial services provider's stock worth $364,000 after buying an additional 5,255 shares during the period. Axiom Investors LLC DE lifted its stake in Stifel Financial by 248.2% during the fourth quarter. Axiom Investors LLC DE now owns 106,725 shares of the financial services provider's stock valued at $7,380,000 after buying an additional 76,075 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Stifel Financial by 12.4% during the fourth quarter. First Trust Advisors LP now owns 525,026 shares of the financial services provider's stock valued at $36,306,000 after acquiring an additional 58,013 shares during the period. Institutional investors own 82.01% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SF. TD Cowen boosted their price objective on shares of Stifel Financial from $85.00 to $88.00 and gave the company a "hold" rating in a research report on Thursday, July 25th. Wells Fargo & Company initiated coverage on shares of Stifel Financial in a research note on Thursday, September 12th. They issued an "overweight" rating and a $101.00 target price for the company. JMP Securities reaffirmed a "market outperform" rating and issued a $105.00 price objective on shares of Stifel Financial in a research note on Monday, September 9th. Citigroup increased their target price on shares of Stifel Financial from $90.00 to $102.00 and gave the stock a "neutral" rating in a research report on Friday. Finally, The Goldman Sachs Group boosted their price target on Stifel Financial from $85.00 to $94.00 and gave the stock a "neutral" rating in a research report on Thursday. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $94.67.

Stifel Financial Stock Performance

SF stock traded up $0.75 during trading on Friday, reaching $93.66. 350,413 shares of the stock were exchanged, compared to its average volume of 567,193. The stock has a 50 day simple moving average of $85.83 and a 200-day simple moving average of $81.68. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $9.60 billion, a P/E ratio of 21.28 and a beta of 1.09. Stifel Financial Corp. has a twelve month low of $54.81 and a twelve month high of $94.18.

Stifel Financial (NYSE:SF - Get Free Report) last released its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $1.60 EPS for the quarter, beating analysts' consensus estimates of $1.54 by $0.06. Stifel Financial had a net margin of 11.59% and a return on equity of 13.24%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous 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, sell-side analysts anticipate that Stifel Financial Corp. will post 6.55 earnings per share for the current year.

Stifel Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were given a $0.42 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $1.68 annualized dividend and a yield of 1.79%. Stifel Financial's payout ratio is 38.18%.

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.