Panagora Asset Management Inc. Raises Stock Holdings in Stifel Financial Corporation $SF

Panagora Asset Management Inc. raised its stake in shares of Stifel Financial Corporation (NYSE:SF) by 3,822.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 200,973 shares of the financial services provider’s stock after purchasing an additional 195,849 shares during the quarter. Panagora Asset Management Inc. owned approximately 0.20% of Stifel Financial worth $25,166,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. MML Investors Services LLC boosted its stake in Stifel Financial by 0.9% in the 4th quarter. MML Investors Services LLC now owns 31,637 shares of the financial services provider’s stock worth $3,962,000 after purchasing an additional 270 shares in the last quarter. Mariner LLC increased its position in shares of Stifel Financial by 138.7% during the 4th quarter. Mariner LLC now owns 89,219 shares of the financial services provider’s stock valued at $11,188,000 after purchasing an additional 51,837 shares during the last quarter. FJ Capital Management LLC increased its position in shares of Stifel Financial by 125.2% during the 4th quarter. FJ Capital Management LLC now owns 58,497 shares of the financial services provider’s stock valued at $7,325,000 after purchasing an additional 32,519 shares during the last quarter. Focus Partners Wealth increased its position in shares of Stifel Financial by 46.0% during the 4th quarter. Focus Partners Wealth now owns 38,158 shares of the financial services provider’s stock valued at $4,778,000 after purchasing an additional 12,015 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Stifel Financial during the 4th quarter valued at approximately $5,760,000. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Price Performance

SF opened at $73.25 on Tuesday. The business’s fifty day simple moving average is $74.96 and its 200-day simple moving average is $78.70. Stifel Financial Corporation has a 12-month low of $63.73 and a 12-month high of $89.83. The company has a market capitalization of $11.24 billion, a price-to-earnings ratio of 14.25 and a beta of 1.00. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29.

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, beating 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 net margin of 15.34% and a return on equity of 18.76%. Stifel Financial’s revenue was up 17.7% compared to the same quarter last year. During the same period last year, the company posted $0.49 earnings per share. On average, equities research analysts anticipate that Stifel Financial Corporation will post 6.25 earnings per share for the current fiscal year.

Stifel Financial Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.9%. The ex-dividend date was Monday, June 1st. Stifel Financial’s payout ratio is 26.46%.

Analyst Upgrades and Downgrades

SF has been the subject of a number of recent research reports. Zacks Research upgraded Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. UBS Group decreased their price target on Stifel Financial from $100.00 to $89.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. TD Cowen decreased their price target on Stifel Financial from $136.00 to $92.00 and set a “hold” rating on the stock in a report on Monday, March 23rd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Stifel Financial in a research note on Friday, May 29th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.