Foundations Investment Advisors LLC Invests $222,000 in Stifel Financial Corp. (NYSE:SF)

Foundations Investment Advisors LLC bought a new stake in Stifel Financial Corp. (NYSE:SF) during the third quarter, Holdings Channel.com reports. The fund bought 2,370 shares of the financial services provider’s stock, valued at approximately $222,000.

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

Stifel Financial Stock Down 0.7 %

SF opened at $103.49 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.80. Stifel Financial Corp. has a 12 month low of $55.01 and a 12 month high of $105.35. The stock has a market capitalization of $10.61 billion, a P/E ratio of 21.97 and a beta of 1.09. The business has a 50 day simple moving average of $91.97 and a 200-day simple moving average of $84.98.

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

Stifel Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.68 annualized dividend and a yield of 1.62%. Stifel Financial’s payout ratio is currently 35.67%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SF. Wells Fargo & Company upped their target price on shares of Stifel Financial from $108.00 to $113.00 and gave the company an “overweight” rating in a report on Thursday. TD Cowen upped their price objective on Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Thursday. Citigroup lifted their target price on Stifel Financial from $90.00 to $102.00 and gave the company a “neutral” rating in a research note on Friday, September 27th. JMP Securities boosted their target price on Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. Finally, StockNews.com downgraded Stifel Financial from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Stifel Financial presently has an average rating of “Hold” and a consensus price target of $100.33.

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.