Mackenzie Financial Corp Takes Position in Stifel Financial Corp. (NYSE:SF)

Mackenzie Financial Corp purchased a new position in shares of Stifel Financial Corp. (NYSE:SF - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 23,176 shares of the financial services provider's stock, valued at approximately $1,950,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Versant Capital Management Inc lifted its holdings in Stifel Financial by 1,818.8% in the 2nd quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 291 shares in the last quarter. Fidelis Capital Partners LLC purchased a new position in shares of Stifel Financial in the first quarter worth about $32,000. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Stifel Financial during the first quarter worth about $33,000. Rothschild Investment LLC purchased a new stake in Stifel Financial during the 2nd quarter valued at about $64,000. Finally, Bessemer Group Inc. raised its holdings in Stifel Financial by 388.3% in the 1st quarter. Bessemer Group Inc. now owns 796 shares of the financial services provider's stock valued at $62,000 after acquiring an additional 633 shares during the last quarter. 82.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SF shares. Wells Fargo & Company initiated coverage on Stifel Financial in a report on Thursday, September 12th. They set an "overweight" rating and a $101.00 target price on the stock. Wolfe Research lowered shares of Stifel Financial from an "outperform" rating to a "peer perform" rating in a report on Monday, July 22nd. Citigroup lifted their target price on shares of Stifel Financial from $90.00 to $102.00 and gave the stock a "neutral" rating in a research note on Friday, September 27th. JMP Securities reissued a "market outperform" rating and issued a $105.00 price target on shares of Stifel Financial in a research note on Monday, September 9th. Finally, TD Cowen lifted their price target 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. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $94.67.

Stifel Financial Trading Up 0.4 %

Shares of NYSE:SF traded up $0.35 during mid-day trading on Thursday, reaching $94.76. 373,377 shares of the company were exchanged, compared to its average volume of 563,221. Stifel Financial Corp. has a 1 year low of $54.81 and a 1 year high of $94.98. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.80. The firm's 50-day simple moving average is $86.69 and its 200 day simple moving average is $82.29. The firm has a market cap of $9.71 billion, a price-to-earnings ratio of 21.46 and a beta of 1.09.

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, topping the consensus estimate of $1.54 by $0.06. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. Stifel Financial had a return on equity of 13.24% and a net margin of 11.59%. The company's quarterly revenue was up 15.9% on a year-over-year basis. During the same period last year, the business posted $1.20 earnings per share. Equities research analysts forecast that Stifel Financial Corp. will post 6.55 EPS for the current year.

Stifel Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend was Tuesday, September 3rd. Stifel Financial's payout ratio is currently 38.18%.

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.