Fiera Capital Corp lifted its holdings in shares of Stifel Financial Corporation (NYSE:SF – Free Report) by 33.1% during the fourth quarter, Holdings Channel reports. The fund owned 804,609 shares of the financial services provider’s stock after purchasing an additional 199,983 shares during the quarter. Fiera Capital Corp’s holdings in Stifel Financial were worth $100,753,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of SF. Advisory Services Network LLC acquired a new position in Stifel Financial in the third quarter worth about $29,000. Activest Wealth Management grew its stake in Stifel Financial by 12,000.0% in the fourth quarter. Activest Wealth Management now owns 242 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 240 shares in the last quarter. Pinnacle Holdings LLC acquired a new position in Stifel Financial in the third quarter worth about $32,000. IAG Wealth Partners LLC acquired a new position in Stifel Financial in the third quarter worth about $39,000. Finally, Cullen Frost Bankers Inc. acquired a new position in Stifel Financial in the fourth quarter worth about $50,000. 82.01% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
SF has been the subject of a number of research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stifel Financial in a research note on Friday, May 29th. UBS Group decreased their price target 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. TD Cowen decreased their price target on Stifel Financial from $136.00 to $92.00 and set a “hold” rating for the company in a research note on Monday, March 23rd. Finally, Zacks Research upgraded Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $91.15.
Stifel Financial Stock Performance
Shares of SF stock opened at $70.77 on Monday. 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 business has a 50 day moving average of $75.11 and a two-hundred day moving average of $78.99. Stifel Financial Corporation has a 52 week low of $62.90 and a 52 week high of $89.83. The company has a market cap of $10.86 billion, a P/E ratio of 13.77 and a beta of 1.00.
Stifel Financial (NYSE:SF – Get Free Report) last issued its earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. Stifel Financial had a return on equity of 18.76% and a net margin of 15.34%.The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the previous year, the firm posted $0.49 earnings per share. Stifel Financial’s quarterly revenue was up 17.7% compared to the same quarter last year. As a group, analysts anticipate that Stifel Financial Corporation will post 6.25 EPS for the current year.
Stifel Financial Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Monday, June 1st. Stifel Financial’s payout ratio is presently 26.46%.
Stifel Financial Company 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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