Kingsview Wealth Management LLC bought a new stake in Stifel Financial Corporation (NYSE:SF – Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 28,576 shares of the financial services provider’s stock, valued at approximately $3,578,000.
A number of other institutional investors and hedge funds also recently modified their holdings of SF. Essex Financial Services Inc. raised its holdings in Stifel Financial by 4.2% in the 3rd quarter. Essex Financial Services Inc. now owns 2,533 shares of the financial services provider’s stock valued at $287,000 after acquiring an additional 102 shares during the period. State of Wyoming raised its holdings in Stifel Financial by 8.6% in the 3rd quarter. State of Wyoming now owns 1,418 shares of the financial services provider’s stock valued at $161,000 after acquiring an additional 112 shares during the period. Bessemer Group Inc. raised its holdings in Stifel Financial by 20.4% in the 3rd quarter. Bessemer Group Inc. now owns 697 shares of the financial services provider’s stock valued at $79,000 after acquiring an additional 118 shares during the period. Arizona State Retirement System raised its holdings in Stifel Financial by 0.4% in the 3rd quarter. Arizona State Retirement System now owns 30,398 shares of the financial services provider’s stock valued at $3,449,000 after acquiring an additional 118 shares during the period. Finally, Clark Capital Management Group Inc. raised its holdings in Stifel Financial by 3.8% in the 3rd quarter. Clark Capital Management Group Inc. now owns 3,642 shares of the financial services provider’s stock valued at $413,000 after acquiring an additional 134 shares during the period. 82.01% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
SF has been the topic of several research analyst reports. Zacks Research raised shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. TD Cowen lowered their price target 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. UBS Group lowered their price target 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. Finally, Weiss Ratings raised shares of Stifel Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Stifel Financial presently has an average rating of “Moderate Buy” and a consensus target price of $91.15.
Stifel Financial Stock Performance
NYSE SF opened at $70.16 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $10.76 billion, a price-to-earnings ratio of 13.65 and a beta of 1.05. The firm’s 50 day simple moving average is $75.26 and its 200 day simple moving average is $79.39. Stifel Financial Corporation has a 1 year low of $61.21 and a 1 year high of $89.83.
Stifel Financial (NYSE:SF – Get Free Report) last posted its quarterly 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. Stifel Financial had a net margin of 15.34% and a return on equity of 18.76%. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the business posted $0.49 EPS. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. As a group, research analysts expect 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 will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.36 annualized dividend and a dividend yield of 1.9%. Stifel Financial’s dividend payout ratio (DPR) is presently 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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