LSV Asset Management Has $30.42 Million Stock Holdings in Stifel Financial Corporation $SF

LSV Asset Management decreased its holdings in shares of Stifel Financial Corporation (NYSE:SF) by 47.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 293,102 shares of the financial services provider’s stock after selling 261,430 shares during the quarter. LSV Asset Management’s holdings in Stifel Financial were worth $30,418,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Intrust Bank NA boosted its position in Stifel Financial by 10.4% during the 2nd quarter. Intrust Bank NA now owns 3,369 shares of the financial services provider’s stock worth $350,000 after acquiring an additional 318 shares during the period. Persistent Asset Partners Ltd acquired a new position in shares of Stifel Financial in the 2nd quarter valued at about $487,000. Cetera Investment Advisers lifted its position in shares of Stifel Financial by 2.4% in the second quarter. Cetera Investment Advisers now owns 12,394 shares of the financial services provider’s stock worth $1,286,000 after purchasing an additional 289 shares in the last quarter. Creative Planning lifted its position in shares of Stifel Financial by 36.3% in the second quarter. Creative Planning now owns 28,116 shares of the financial services provider’s stock worth $2,918,000 after purchasing an additional 7,493 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Stifel Financial by 8.1% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,394 shares of the financial services provider’s stock worth $2,739,000 after purchasing an additional 1,970 shares during the period. 82.01% of the stock is owned by hedge funds and other institutional investors.

Stifel Financial Trading Up 0.4%

Stifel Financial stock opened at $116.78 on Wednesday. Stifel Financial Corporation has a one year low of $73.27 and a one year high of $125.73. The company’s fifty day moving average price is $115.24 and its two-hundred day moving average price is $108.52. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.82 and a quick ratio of 0.77. The company has a market capitalization of $11.89 billion, a price-to-earnings ratio of 20.63 and a beta of 1.19.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.06. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Stifel Financial had a return on equity of 15.06% and a net margin of 12.44%.The business’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.50 earnings per share. On average, analysts forecast that Stifel Financial Corporation will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.6%. The ex-dividend date is Monday, December 1st. Stifel Financial’s dividend payout ratio (DPR) is 32.51%.

Analysts Set New Price Targets

Several research analysts have weighed in on SF shares. JPMorgan Chase & Co. upped their price objective on shares of Stifel Financial from $125.00 to $133.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. BMO Capital Markets started coverage on Stifel Financial in a report on Friday, October 3rd. They set a “market perform” rating and a $121.00 price objective for the company. Wall Street Zen upgraded Stifel Financial from a “sell” rating to a “hold” rating in a research note on Sunday, August 3rd. Stifel Nicolaus set a $131.00 target price on Stifel Financial in a research report on Wednesday, October 8th. Finally, TD Cowen upgraded Stifel Financial from a “hold” rating to a “buy” rating and lifted their price target for the company from $118.00 to $131.00 in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.90.

Stifel Financial Company Profile

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.