SG Americas Securities LLC Boosts Stock Position in Stifel Financial Corporation $SF

SG Americas Securities LLC raised its holdings in Stifel Financial Corporation (NYSE:SF) by 478.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,290 shares of the financial services provider’s stock after acquiring an additional 5,203 shares during the quarter. SG Americas Securities LLC’s holdings in Stifel Financial were worth $714,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. SJS Investment Consulting Inc. boosted its stake in shares of Stifel Financial by 2,383.3% during the third quarter. SJS Investment Consulting Inc. now owns 298 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 286 shares during the period. HM Payson & Co. bought a new stake in Stifel Financial during the 3rd quarter valued at about $37,000. Hantz Financial Services Inc. boosted its position in Stifel Financial by 5,528.6% in the 2nd quarter. Hantz Financial Services Inc. now owns 394 shares of the financial services provider’s stock valued at $41,000 after buying an additional 387 shares during the period. Caldwell Trust Co purchased a new stake in Stifel Financial in the 2nd quarter valued at about $47,000. Finally, Allworth Financial LP grew its stake in Stifel Financial by 43.6% in the 2nd quarter. Allworth Financial LP now owns 484 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 147 shares in the last quarter. 82.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on SF shares. Citigroup reiterated an “outperform” rating on shares of Stifel Financial in a report on Monday, January 12th. Wolfe Research reissued an “outperform” rating and set a $149.00 price target on shares of Stifel Financial in a research report on Wednesday, January 7th. Weiss Ratings restated a “hold (c+)” rating on shares of Stifel Financial in a report on Wednesday, October 8th. UBS Group set a $150.00 target price on shares of Stifel Financial and gave the stock a “buy” rating in a report on Thursday, December 11th. Finally, TD Cowen downgraded shares of Stifel Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, January 14th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Stifel Financial has a consensus rating of “Moderate Buy” and an average target price of $135.18.

Stifel Financial Trading Up 1.4%

Shares of NYSE SF opened at $128.68 on Thursday. Stifel Financial Corporation has a 1-year low of $73.27 and a 1-year high of $134.74. The business has a fifty day moving average price of $125.83 and a 200 day moving average price of $117.82. The stock has a market capitalization of $13.10 billion, a P/E ratio of 22.74 and a beta of 1.13. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.84 and a quick ratio of 0.79.

Stifel Financial (NYSE:SF) last posted its earnings results on Wednesday, October 22nd. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.06. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.33 billion. Stifel Financial had a return on equity of 14.95% and a net margin of 12.44%.The firm’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. Equities research analysts expect that Stifel Financial Corporation will post 8.26 EPS for the current fiscal year.

Stifel Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a $0.46 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.4%. Stifel Financial’s payout ratio is presently 32.51%.

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.