New Age Alpha Advisors LLC Acquires 15,470 Shares of Stifel Financial Corporation $SF

New Age Alpha Advisors LLC raised its holdings in shares of Stifel Financial Corporation (NYSE:SFFree Report) by 38.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,946 shares of the financial services provider’s stock after acquiring an additional 15,470 shares during the period. New Age Alpha Advisors LLC’s holdings in Stifel Financial were worth $7,006,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Activest Wealth Management grew its position in Stifel Financial by 12,000.0% during the fourth 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 last quarter. Advisory Services Network LLC bought a new position in Stifel Financial during the third quarter valued at approximately $29,000. Pinnacle Holdings LLC bought a new position in Stifel Financial during the third quarter valued at approximately $32,000. Root Financial Partners LLC bought a new position in Stifel Financial during the third quarter valued at approximately $37,000. Finally, IAG Wealth Partners LLC bought a new position in shares of Stifel Financial in the third quarter worth approximately $39,000. 82.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on SF. Weiss Ratings upgraded shares of Stifel Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. TD Cowen cut their target price on shares of Stifel Financial from $136.00 to $92.00 and set a “hold” rating on the stock in a report on Monday, March 23rd. Zacks Research upgraded shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, 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. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $91.15.

Get Our Latest Report on SF

Stifel Financial Stock Up 0.1%

Shares of Stifel Financial stock opened at $72.69 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 0.85. Stifel Financial Corporation has a 52-week low of $60.62 and a 52-week high of $89.83. The stock has a market capitalization of $11.15 billion, a price-to-earnings ratio of 14.14 and a beta of 1.05. The company’s 50 day moving average price is $75.17 and its 200-day moving average price is $79.69.

Stifel Financial (NYSE:SFGet Free Report) last issued 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 for the quarter, compared to analysts’ expectations of $1.51 billion. Stifel Financial had a net margin of 15.34% and a return on equity of 18.76%. The business’s revenue was up 17.7% on a year-over-year basis. During the same quarter last year, the business earned $0.49 earnings per share. Equities research analysts forecast that Stifel Financial Corporation will post 6.25 EPS for the current year.

Stifel Financial Cuts Dividend

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

Stifel Financial 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.

Further Reading

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Institutional Ownership by Quarter for Stifel Financial (NYSE:SF)

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