SG Americas Securities LLC Grows Position in Stifel Financial Corporation $SF

SG Americas Securities LLC lifted its position in shares of Stifel Financial Corporation (NYSE:SF – Free Report) by 136.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 296,572 shares of the financial services provider’s stock after purchasing an additional 171,308 shares during the quarter. SG Americas Securities LLC’s holdings in Stifel Financial were worth $21,923,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Horizon Investments LLC increased its stake in shares of Stifel Financial by 146.7% in the 4th quarter. Horizon Investments LLC now owns 63,089 shares of the financial services provider’s stock worth $7,900,000 after acquiring an additional 37,516 shares in the last quarter. Strs Ohio boosted its stake in Stifel Financial by 25.8% during the fourth quarter. Strs Ohio now owns 72,168 shares of the financial services provider’s stock worth $9,037,000 after acquiring an additional 14,779 shares in the last quarter. New Age Alpha Advisors LLC boosted its stake in Stifel Financial by 38.2% during the fourth quarter. New Age Alpha Advisors LLC now owns 55,946 shares of the financial services provider’s stock worth $7,006,000 after acquiring an additional 15,470 shares in the last quarter. Fiera Capital Corp grew its holdings in Stifel Financial by 33.1% in the fourth quarter. Fiera Capital Corp now owns 804,609 shares of the financial services provider’s stock worth $100,753,000 after purchasing an additional 199,983 shares during the period. Finally, Panagora Asset Management Inc. grew its holdings in Stifel Financial by 3,822.2% in the fourth quarter. Panagora Asset Management Inc. now owns 200,973 shares of the financial services provider’s stock worth $25,166,000 after purchasing an additional 195,849 shares during the period. 82.01% of the stock is owned by hedge funds and other institutional investors.

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Stifel Financial Trading Down 1.0%

NYSE:SF opened at $72.86 on Thursday. The company’s 50 day moving average price is $74.63 and its 200-day moving average price is $78.32. Stifel Financial Corporation has a 52 week low of $67.02 and a 52 week high of $89.83. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.29. The stock has a market cap of $11.18 billion, a price-to-earnings ratio of 14.17 and a beta of 1.00.

Stifel Financial (NYSE:SF – Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.51 billion. Stifel Financial had a net margin of 15.34% and a return on equity of 18.76%. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.49 EPS. On average, equities research analysts forecast that Stifel Financial Corporation will post 6.25 earnings per share for the current fiscal year.

Stifel Financial Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a $0.34 dividend. The ex-dividend date was Monday, June 1st. This represents a $1.36 annualized dividend and a dividend yield of 1.9%. Stifel Financial’s payout ratio is currently 26.46%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SF shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stifel Financial in a report on Friday, May 29th. Zacks Research upgraded Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. TD Cowen reduced their price objective on Stifel Financial from $136.00 to $92.00 and set a “hold” rating for the company in a research report on Monday, March 23rd. Finally, UBS Group lowered their price objective on Stifel Financial from $100.00 to $89.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $91.15.

View Our Latest Stock Report on SF

Stifel Financial Company Profile

(Free Report)

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.

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