Mosaic Family Wealth Partners LLC Reduces Holdings in Stifel Financial Corporation $SF

Mosaic Family Wealth Partners LLC lowered its position in Stifel Financial Corporation (NYSE:SF - Free Report) by 80.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,042 shares of the financial services provider's stock after selling 12,922 shares during the quarter. Mosaic Family Wealth Partners LLC's holdings in Stifel Financial were worth $316,000 at the end of the most recent quarter.

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Several other institutional investors have also modified their holdings of the business. Bank of New Hampshire grew its stake in Stifel Financial by 1.0% during the 2nd quarter. Bank of New Hampshire now owns 9,639 shares of the financial services provider's stock valued at $1,000,000 after purchasing an additional 100 shares in the last quarter. Securian Asset Management Inc. grew its position in shares of Stifel Financial by 1.3% during the second quarter. Securian Asset Management Inc. now owns 7,837 shares of the financial services provider's stock worth $813,000 after buying an additional 100 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Stifel Financial by 2.7% in the second quarter. Nisa Investment Advisors LLC now owns 4,085 shares of the financial services provider's stock worth $424,000 after buying an additional 108 shares during the last quarter. Journey Strategic Wealth LLC raised its holdings in Stifel Financial by 4.2% in the first quarter. Journey Strategic Wealth LLC now owns 2,907 shares of the financial services provider's stock valued at $274,000 after acquiring an additional 117 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in Stifel Financial by 40.8% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 466 shares of the financial services provider's stock worth $48,000 after acquiring an additional 135 shares in the last quarter. Institutional investors and hedge funds own 82.01% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SF. JMP Securities upped their target price on shares of Stifel Financial from $130.00 to $135.00 and gave the company a "market outperform" rating in a research note on Thursday, October 9th. Wall Street Zen raised Stifel Financial from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd. Citigroup reaffirmed an "outperform" rating on shares of Stifel Financial in a report on Thursday, October 9th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Stifel Financial in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded Stifel Financial from a "hold" rating to a "strong-buy" rating in a report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $125.90.

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Check Out Our Latest Analysis on Stifel Financial

Stifel Financial Stock Performance

Shares of NYSE SF opened at $116.35 on Tuesday. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 0.28. The firm's 50-day moving average price is $115.16 and its two-hundred day moving average price is $108.33. Stifel Financial Corporation has a 52-week low of $73.27 and a 52-week high of $125.73. The stock has a market capitalization of $11.85 billion, a P/E ratio of 20.56 and a beta of 1.19.

Stifel Financial (NYSE:SF - Get Free Report) last posted its earnings results on Wednesday, October 22nd. The financial services provider reported $1.95 EPS for the quarter, beating the consensus estimate of $1.89 by $0.06. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.33 billion. Stifel Financial had a return on equity of 15.06% and a net margin of 12.44%.The business's revenue was up 16.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.50 earnings per share. As a group, sell-side analysts forecast that Stifel Financial Corporation will post 8.26 earnings per share for the current year.

Stifel Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a $0.46 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.84 annualized dividend and a yield of 1.6%. Stifel Financial's dividend payout ratio (DPR) is currently 32.51%.

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.

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