Louisiana State Employees Retirement System bought a new position in Stifel Financial Corporation (NYSE:SF – Free Report) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 44,200 shares of the financial services provider’s stock, valued at approximately $3,267,000.
Other hedge funds have also added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new position in shares of Stifel Financial in the third quarter worth about $29,000. Activest Wealth Management boosted its holdings in Stifel Financial by 12,000.0% during the 4th quarter. Activest Wealth Management now owns 242 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 240 shares during the period. Pinnacle Holdings LLC purchased a new stake in Stifel Financial during the 3rd quarter valued at about $32,000. Caitong International Asset Management Co. Ltd bought a new position in Stifel Financial during the 4th quarter worth approximately $34,000. Finally, IAG Wealth Partners LLC bought a new position in Stifel Financial during the 3rd quarter worth approximately $39,000. 82.01% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday, May 29th. UBS Group cut their target price on shares of Stifel Financial from $100.00 to $89.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. TD Cowen decreased their target price on shares of Stifel Financial from $136.00 to $92.00 and set a “hold” rating on the stock in a research note on Monday, March 23rd. Finally, Zacks Research upgraded shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Stifel Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.15.
Stifel Financial Stock Down 2.9%
SF stock opened at $69.37 on Friday. Stifel Financial Corporation has a fifty-two week low of $67.96 and a fifty-two week high of $89.83. The business’s 50 day moving average price is $74.20 and its two-hundred day moving average price is $78.17. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 0.85. The company has a market capitalization of $10.64 billion, a price-to-earnings ratio of 13.50 and a beta of 1.00.
Stifel Financial (NYSE:SF – Get Free Report) last announced its earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.06. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.51 billion. Stifel Financial had a return on equity of 18.76% and a net margin of 15.34%.The business’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.49 EPS. As a group, analysts forecast that Stifel Financial Corporation will post 6.25 earnings per share for the current fiscal year.
Stifel Financial Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.34 dividend. The ex-dividend date was Monday, June 1st. This represents a $1.36 dividend on an annualized basis and a yield of 2.0%. Stifel Financial’s dividend payout ratio is 26.46%.
About Stifel Financial
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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