Bowling Portfolio Management LLC acquired a new stake in Stifel Financial Corp. (NYSE:SF – Get Rating) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 20,945 shares of the financial services provider’s stock, valued at approximately $1,422,000.
A number of other institutional investors and hedge funds have also modified their holdings of SF. Confluence Wealth Services Inc. acquired a new stake in shares of Stifel Financial in the 4th quarter valued at $25,000. Sageworth Trust Co of South Dakota acquired a new stake in shares of Stifel Financial in the 4th quarter valued at $32,000. Dark Forest Capital Management LP acquired a new stake in shares of Stifel Financial in the 3rd quarter valued at $33,000. Ellevest Inc. increased its stake in shares of Stifel Financial by 104.9% in the 4th quarter. Ellevest Inc. now owns 580 shares of the financial services provider’s stock valued at $41,000 after buying an additional 297 shares during the period. Finally, UMB Bank N A MO acquired a new stake in shares of Stifel Financial in the 4th quarter valued at $65,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.
In other news, CEO Ronald J. Kruszewski purchased 10,000 shares of the business’s stock in a transaction dated Friday, April 29th. The shares were bought at an average cost of $61.94 per share, for a total transaction of $619,400.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,311,325 shares in the company, valued at approximately $81,223,470.50. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 3.24% of the company’s stock.
Separately, StockNews.com initiated coverage on Stifel Financial in a research note on Thursday, March 31st. They set a “hold” rating for the company.
NYSE:SF opened at $56.37 on Thursday. Stifel Financial Corp. has a 1 year low of $55.17 and a 1 year high of $83.28. The company has a current ratio of 0.83, a quick ratio of 0.78 and a debt-to-equity ratio of 0.40. The stock has a market cap of $6.01 billion, a price-to-earnings ratio of 8.48 and a beta of 1.28. The stock has a 50-day moving average price of $62.41 and a two-hundred day moving average price of $67.94.
Stifel Financial (NYSE:SF – Get Rating) last issued its quarterly earnings results on Wednesday, April 27th. The financial services provider reported $1.49 EPS for the quarter. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.15 billion. Stifel Financial had a return on equity of 20.84% and a net margin of 17.49%. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.50 earnings per share.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 1st were issued a $0.30 dividend. The ex-dividend date was Tuesday, May 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.13%. Stifel Financial’s dividend payout ratio (DPR) is 18.05%.
Stifel Financial Company Profile (Get Rating)
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, the United Kingdom, the rest of Europe, and Canada.
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