Kennedy Capital Management LLC Has $48.13 Million Stock Holdings in Stifel Financial Corporation $SF

Kennedy Capital Management LLC decreased its stake in shares of Stifel Financial Corporation (NYSE:SF) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 384,332 shares of the financial services provider’s stock after selling 11,000 shares during the quarter. Stifel Financial comprises 1.0% of Kennedy Capital Management LLC’s holdings, making the stock its 5th biggest position. Kennedy Capital Management LLC owned approximately 0.38% of Stifel Financial worth $48,126,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Horizon Investments LLC increased its stake in Stifel Financial by 146.7% during the 4th quarter. Horizon Investments LLC now owns 63,089 shares of the financial services provider’s stock valued at $7,900,000 after purchasing an additional 37,516 shares in the last quarter. Strs Ohio increased its stake in Stifel Financial by 25.8% during the 4th quarter. Strs Ohio now owns 72,168 shares of the financial services provider’s stock valued at $9,037,000 after purchasing an additional 14,779 shares in the last quarter. Fiera Capital Corp increased its stake in Stifel Financial by 33.1% during the 4th quarter. Fiera Capital Corp now owns 804,609 shares of the financial services provider’s stock valued at $100,753,000 after purchasing an additional 199,983 shares in the last quarter. New Age Alpha Advisors LLC increased its stake in Stifel Financial by 38.2% during the 4th quarter. New Age Alpha Advisors LLC now owns 55,946 shares of the financial services provider’s stock valued at $7,006,000 after purchasing an additional 15,470 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in Stifel Financial by 245.0% during the 4th quarter. BNP Paribas Financial Markets now owns 389,794 shares of the financial services provider’s stock valued at $48,810,000 after purchasing an additional 276,806 shares in the last quarter. Institutional investors and hedge funds own 82.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SF. UBS Group cut their price target on shares of Stifel Financial from $100.00 to $89.00 and set a “buy” rating on the stock in a research note on Wednesday, April 8th. Zacks Research upgraded shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. TD Cowen cut their price target on shares of 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, Weiss Ratings reiterated a “buy (b-)” rating on shares of Stifel Financial in a research note on Friday, May 29th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $91.15.

Stifel Financial Stock Performance

Shares of NYSE SF opened at $72.60 on Friday. The company’s fifty day moving average price is $74.98 and its 200 day moving average price is $78.75. Stifel Financial Corporation has a 1 year low of $62.90 and a 1 year high of $89.83. The company has a market capitalization of $11.14 billion, a PE ratio of 14.13 and a beta of 1.00. 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 announced its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. Stifel Financial had a net margin of 15.34% and a return on equity of 18.76%. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the firm posted $0.49 earnings per share. The firm’s quarterly revenue was up 17.7% compared to the same quarter last year. On average, research analysts predict that Stifel Financial Corporation will post 6.25 earnings per share for the current year.

Stifel Financial Cuts Dividend

The company 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 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.