Natixis Advisors LLC trimmed its holdings in Stifel Financial Corporation (NYSE:SF – Free Report) by 36.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,272 shares of the financial services provider’s stock after selling 26,635 shares during the period. Natixis Advisors LLC’s holdings in Stifel Financial were worth $5,795,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Advisory Services Network LLC acquired a new stake in shares of Stifel Financial in the third quarter valued at approximately $29,000. Activest Wealth Management lifted its position in shares of Stifel Financial by 12,000.0% in the fourth quarter. Activest Wealth Management now owns 242 shares of the financial services provider’s stock valued at $30,000 after buying an additional 240 shares during the last quarter. Pinnacle Holdings LLC acquired a new stake in shares of Stifel Financial in the third quarter valued at approximately $32,000. IAG Wealth Partners LLC bought a new position in shares of Stifel Financial during the third quarter worth approximately $39,000. Finally, Cullen Frost Bankers Inc. bought a new position in shares of Stifel Financial during the fourth quarter worth approximately $50,000. 82.01% of the stock is owned by institutional investors and hedge funds.
Stifel Financial Price Performance
Shares of NYSE SF opened at $70.32 on Tuesday. The business’s 50 day moving average is $75.07 and its 200-day moving average is $78.94. Stifel Financial Corporation has a 1-year low of $62.90 and a 1-year high of $89.83. 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 cap of $10.79 billion, a P/E ratio of 13.68 and a beta of 1.00.
Stifel Financial Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.34 per share. 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 dividend payout ratio (DPR) is 26.46%.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on SF. Zacks Research upgraded Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. UBS Group lowered their target price on Stifel Financial from $100.00 to $89.00 and set a “buy” rating on the stock in a research note on Wednesday, April 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stifel Financial in a research note on Friday, May 29th. Finally, TD Cowen lowered their target price on Stifel Financial from $136.00 to $92.00 and set a “hold” rating on the stock in a research note on Monday, March 23rd. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $91.15.
Check Out Our Latest Analysis on SF
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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