48,260 Shares in Stifel Financial Corp. (NYSE:SF) Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new position in 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 (SEC). The fund purchased 48,260 shares of the financial services provider's stock, valued at approximately $3,815,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Delphi Management Inc. MA grew its position 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 purchasing an additional 176 shares during the period. Chase Investment Counsel Corp bought a new stake in shares of Stifel Financial in the second quarter worth $3,443,000. Creative Planning increased its position in 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 acquiring an additional 1,335 shares during the last quarter. Algert Global LLC lifted its holdings in Stifel Financial by 17.3% in the second quarter. Algert Global LLC now owns 84,165 shares of the financial services provider's stock valued at $7,082,000 after acquiring an additional 12,405 shares during the period. Finally, Mackenzie Financial Corp bought a new position in Stifel Financial in the second quarter valued at about $1,950,000. 82.01% of the stock is owned by institutional investors.

Stifel Financial Price Performance

Shares of NYSE SF traded up $1.09 during midday trading on Friday, reaching $95.85. The stock had a trading volume of 630,438 shares, compared to its average volume of 394,982. The company has a market capitalization of $9.83 billion, a price-to-earnings ratio of 21.78 and a beta of 1.09. Stifel Financial Corp. has a 12-month low of $54.81 and a 12-month high of $96.89. The stock has a 50-day moving average of $87.01 and a 200-day moving average of $82.63. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.80 and a current ratio of 0.84.

Stifel Financial (NYSE:SF - Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.54 by $0.06. Stifel Financial had a return on equity of 13.24% and a net margin of 11.59%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the business posted $1.20 EPS. Stifel Financial's revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, research analysts anticipate that Stifel Financial Corp. will post 6.55 EPS for the current fiscal 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 1.75%. The ex-dividend date was Tuesday, September 3rd. Stifel Financial's dividend payout ratio (DPR) is presently 38.18%.

Analyst Upgrades and Downgrades

SF has been the subject of several research reports. JMP Securities reaffirmed a "market outperform" rating and set a $105.00 price target on shares of Stifel Financial in a research report on Monday, September 9th. Wolfe Research cut shares of Stifel Financial from an "outperform" rating to a "peer perform" rating in a report on Monday, July 22nd. Wells Fargo & Company initiated coverage on shares of Stifel Financial in a research report on Thursday, September 12th. They issued an "overweight" rating and a $101.00 price target on the stock. 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. Finally, StockNews.com cut Stifel Financial from a "buy" rating to a "hold" rating in a report on Thursday. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $94.67.

Stifel Financial 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.