Stifel Financial Corporation $SF Shares Acquired by Peregrine Capital Management LLC

Peregrine Capital Management LLC grew its stake in Stifel Financial Corporation (NYSE:SF) by 43.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 195,017 shares of the financial services provider’s stock after buying an additional 59,364 shares during the period. Peregrine Capital Management LLC owned 0.13% of Stifel Financial worth $14,416,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. AQR Capital Management LLC raised its stake in Stifel Financial by 94.8% in the 4th quarter. AQR Capital Management LLC now owns 2,893,850 shares of the financial services provider’s stock worth $362,368,000 after acquiring an additional 1,408,347 shares during the last quarter. Norges Bank acquired a new position in shares of Stifel Financial in the fourth quarter valued at about $172,446,000. Ceredex Value Advisors LLC acquired a new position in shares of Stifel Financial in the third quarter valued at about $56,126,000. Marshall Wace LLP raised its stake in shares of Stifel Financial by 50.9% in the fourth quarter. Marshall Wace LLP now owns 1,284,806 shares of the financial services provider’s stock worth $160,883,000 after purchasing an additional 433,341 shares during the last quarter. Finally, 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 worth $391,674,000 after purchasing an additional 419,038 shares during the last quarter. 82.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SF. TD Cowen dropped their target price on Stifel Financial from $136.00 to $92.00 and set a “hold” rating on the stock in a research report on Monday, March 23rd. UBS Group reduced their price target on shares of Stifel Financial from $100.00 to $89.00 and set a “buy” rating for the company in a research report on Wednesday, April 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stifel Financial in a report on Friday, May 29th. Finally, Zacks Research upgraded shares of 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 assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $91.15.

Stifel Financial Trading Up 2.7%

Shares of NYSE:SF opened at $69.81 on Wednesday. Stifel Financial Corporation has a 12-month low of $67.81 and a 12-month high of $89.83. The company has a market capitalization of $10.71 billion, a PE ratio of 13.58 and a beta of 1.00. The business has a 50 day moving average of $73.69 and a two-hundred day moving average of $77.89. 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 released its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $1.45 EPS for the quarter, topping the consensus estimate of $1.39 by $0.06. The business 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 in the prior year, the firm posted $0.49 EPS. As a group, analysts forecast that Stifel Financial Corporation will post 6.25 EPS for the current year.

Stifel Financial Cuts Dividend

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

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.