Truist Financial Corp Grows Stock Holdings in Stifel Financial Corp. (NYSE:SF)

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Truist Financial Corp grew its holdings in shares of Stifel Financial Corp. (NYSE:SFGet Rating) by 15.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,021 shares of the financial services provider’s stock after buying an additional 2,007 shares during the quarter. Truist Financial Corp’s holdings in Stifel Financial were worth $1,020,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SF. Confluence Wealth Services Inc. purchased a new stake in Stifel Financial during the fourth quarter worth approximately $25,000. Sageworth Trust Co of South Dakota purchased a new position in shares of Stifel Financial in the fourth quarter valued at $32,000. Ellevest Inc. boosted its stake in shares of Stifel Financial by 104.9% in the fourth quarter. Ellevest Inc. now owns 580 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 297 shares during the period. UMB Bank N A MO purchased a new position in shares of Stifel Financial in the fourth quarter valued at $65,000. Finally, Maverick Capital Ltd. purchased a new position in shares of Stifel Financial in the fourth quarter valued at $92,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on SF shares. StockNews.com started coverage on shares of Stifel Financial in a research note on Thursday, March 31st. They issued a “hold” rating for the company. JMP Securities decreased their target price on shares of Stifel Financial from $103.00 to $100.00 and set an “outperform” rating for the company in a research note on Tuesday, July 12th.

Insider Buying and Selling at Stifel Financial

In other Stifel Financial news, CEO Ronald J. Kruszewski bought 10,000 shares of the company’s stock in a transaction on Friday, April 29th. The shares were bought at an average cost of $61.94 per share, with a total value of $619,400.00. Following the completion of the acquisition, the chief executive officer now owns 1,311,325 shares of the company’s stock, valued at $81,223,470.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.24% of the stock is currently owned by insiders.

Stifel Financial Stock Performance

NYSE SF opened at $60.52 on Friday. Stifel Financial Corp. has a 12 month low of $52.55 and a 12 month high of $83.28. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.83 and a quick ratio of 0.78. The company has a market capitalization of $6.45 billion, a price-to-earnings ratio of 9.10 and a beta of 1.30. The company’s fifty day moving average price is $59.06 and its two-hundred day moving average price is $65.88.

Stifel Financial (NYSE:SFGet Rating) last posted its quarterly earnings data on Wednesday, April 27th. The financial services provider reported $1.49 EPS for the quarter. Stifel Financial had a net margin of 17.49% and a return on equity of 20.84%. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the firm posted $1.50 EPS. The firm’s revenue was down 1.6% compared to the same quarter last year.

Stifel Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 1st were paid a dividend of $0.30 per share. The ex-dividend date was Tuesday, May 31st. This represents a $1.20 dividend on an annualized basis and a yield of 1.98%. Stifel Financial’s dividend payout ratio (DPR) is 18.05%.

Stifel Financial Profile

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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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