Stifel Financial Corporation $SF Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC reduced its stake in Stifel Financial Corporation (NYSE:SF) by 3.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,198,035 shares of the financial services provider’s stock after selling 46,066 shares during the period. Fisher Asset Management LLC owned approximately 1.18% of Stifel Financial worth $150,018,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Wellington Management Group LLP raised its stake in shares of Stifel Financial by 13.8% in the third quarter. Wellington Management Group LLP now owns 3,451,787 shares of the financial services provider’s stock valued at $391,674,000 after acquiring an additional 419,038 shares in the last quarter. Boston Partners raised its stake in shares of Stifel Financial by 2.0% in the third quarter. Boston Partners now owns 2,371,880 shares of the financial services provider’s stock valued at $269,128,000 after acquiring an additional 45,631 shares in the last quarter. AQR Capital Management LLC raised its stake in Stifel Financial by 26.8% in the third quarter. AQR Capital Management LLC now owns 1,485,503 shares of the financial services provider’s stock valued at $168,560,000 after buying an additional 314,031 shares in the last quarter. Bank of America Corp DE raised its stake in Stifel Financial by 3.0% in the third quarter. Bank of America Corp DE now owns 1,132,314 shares of the financial services provider’s stock valued at $128,484,000 after buying an additional 33,172 shares in the last quarter. Finally, Alyeska Investment Group L.P. raised its stake in Stifel Financial by 7.1% in the third quarter. Alyeska Investment Group L.P. now owns 1,068,774 shares of the financial services provider’s stock valued at $121,274,000 after buying an additional 70,875 shares in the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Stifel Financial Stock Performance

Shares of SF stock opened at $72.69 on Tuesday. The stock’s 50-day moving average is $75.21 and its two-hundred day moving average is $79.64. The firm has a market cap of $11.15 billion, a price-to-earnings ratio of 14.14 and a beta of 1.05. Stifel Financial Corporation has a 1 year low of $60.62 and a 1 year high of $89.83. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 0.85.

Stifel Financial (NYSE:SF) last issued its quarterly earnings data 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. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.51 billion. Stifel Financial had a return on equity of 18.76% and a net margin of 15.34%.The business’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.49 earnings per share. Analysts predict that Stifel Financial Corporation will post 6.25 earnings per share for the current year.

Stifel Financial Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.9%. Stifel Financial’s dividend payout ratio (DPR) is currently 26.46%.

Analysts Set New Price Targets

A number of analysts have weighed in on SF shares. UBS Group cut their price target 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 upgraded Stifel Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. TD Cowen cut their price target 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. Finally, Zacks Research upgraded Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $91.15.

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.