Axiom Investors LLC DE trimmed its stake in Stifel Financial Corp. (NYSE:SF – Free Report) by 23.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 19,455 shares of the financial services provider’s stock after selling 5,920 shares during the period. Axiom Investors LLC DE’s holdings in Stifel Financial were worth $1,161,000 as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in the stock. Belpointe Asset Management LLC boosted its holdings in Stifel Financial by 111.4% during the 1st quarter. Belpointe Asset Management LLC now owns 687 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 362 shares during the period. Quilter Plc purchased a new position in shares of Stifel Financial in the first quarter valued at approximately $682,191,000. Signaturefd LLC grew its holdings in shares of Stifel Financial by 35.9% in the first quarter. Signaturefd LLC now owns 784 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 207 shares in the last quarter. Industrial Alliance Investment Management Inc. increased its stake in Stifel Financial by 321.8% during the 4th quarter. Industrial Alliance Investment Management Inc. now owns 831 shares of the financial services provider’s stock worth $49,000 after buying an additional 634 shares during the period. Finally, Headlands Technologies LLC lifted its holdings in Stifel Financial by 3,397.6% during the 2nd quarter. Headlands Technologies LLC now owns 1,469 shares of the financial services provider’s stock worth $88,000 after buying an additional 1,427 shares in the last quarter. 81.60% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
SF has been the topic of a number of recent research reports. JMP Securities cut their price objective on Stifel Financial from $86.00 to $82.00 and set a “market outperform” rating on the stock in a research report on Tuesday, October 10th. StockNews.com started coverage on Stifel Financial in a research report on Friday, October 6th. They issued a “hold” rating on the stock.
Stifel Financial Price Performance
Stifel Financial stock opened at $61.54 on Tuesday. The company has a current ratio of 0.83, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. The company has a fifty day simple moving average of $60.41 and a 200-day simple moving average of $60.74. The stock has a market cap of $6.28 billion, a P/E ratio of 14.21 and a beta of 1.24. Stifel Financial Corp. has a 12-month low of $53.47 and a 12-month high of $68.77.
Stifel Financial (NYSE:SF – Get Free Report) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.69). Stifel Financial had a return on equity of 12.69% and a net margin of 11.98%. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the firm earned $1.29 earnings per share. The firm’s quarterly revenue was up .0% on a year-over-year basis.
Stifel Financial Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $0.36 dividend. The ex-dividend date is Thursday, November 30th. This represents a $1.44 annualized dividend and a yield of 2.34%. Stifel Financial’s dividend payout ratio is currently 33.26%.
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, the United Kingdom, the rest of Europe, and Canada.
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