QRG Capital Management Inc. raised its stake in Stifel Financial Corporation (NYSE:SF – Free Report) by 57.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,012 shares of the financial services provider’s stock after purchasing an additional 7,654 shares during the quarter. QRG Capital Management Inc.’s holdings in Stifel Financial were worth $1,553,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in the stock. HB Wealth Management LLC grew its stake in shares of Stifel Financial by 93.2% in the first quarter. HB Wealth Management LLC now owns 9,415 shares of the financial services provider’s stock valued at $696,000 after buying an additional 4,542 shares in the last quarter. Moran Wealth Management LLC boosted its holdings in Stifel Financial by 49.3% in the 1st quarter. Moran Wealth Management LLC now owns 204,372 shares of the financial services provider’s stock worth $15,107,000 after acquiring an additional 67,478 shares during the period. New York State Teachers Retirement System grew its position in Stifel Financial by 46.5% in the first quarter. New York State Teachers Retirement System now owns 209,930 shares of the financial services provider’s stock valued at $15,518,000 after acquiring an additional 66,657 shares in the last quarter. Y Intercept Hong Kong Ltd grew its position in Stifel Financial by 71.9% in the first quarter. Y Intercept Hong Kong Ltd now owns 75,681 shares of the financial services provider’s stock valued at $5,594,000 after acquiring an additional 31,646 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new stake in shares of Stifel Financial during the first quarter valued at approximately $278,000. 82.01% of the stock is owned by hedge funds and other institutional investors.
Stifel Financial Trading Down 0.1%
SF opened at $74.99 on Wednesday. Stifel Financial Corporation has a 12-month low of $67.81 and a 12-month high of $89.83. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.80. The stock has a market capitalization of $11.50 billion, a PE ratio of 14.59 and a beta of 1.01. The firm’s fifty day moving average price is $73.15 and its 200 day moving average price is $77.47.
Stifel Financial Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Monday, June 1st. Stifel Financial’s payout ratio is currently 26.46%.
Analyst Ratings Changes
Several equities research analysts recently issued reports on SF shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stifel Financial in a research note on Friday, May 29th. UBS Group decreased their price objective on shares of Stifel Financial from $100.00 to $89.00 and set a “buy” rating for the company in a research report on Wednesday, April 8th. Zacks Research upgraded Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, TD Cowen dropped their target price on Stifel Financial from $136.00 to $92.00 and set a “hold” rating on the stock in a research report on Monday, March 23rd. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Stifel Financial currently has a consensus rating of “Moderate Buy” and an average target price of $91.15.
Read Our Latest Stock Report on Stifel Financial
Stifel Financial Profile
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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