Stifel Financial Corporation $SF Shares Acquired by Panagora Asset Management Inc.

Panagora Asset Management Inc. increased its position in shares of Stifel Financial Corporation (NYSE:SF) by 3,822.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & 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.’s holdings in Stifel Financial were worth $25,166,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of SF. Advisory Services Network LLC purchased a new position in Stifel Financial during the third quarter valued at approximately $29,000. Activest Wealth Management raised its position in Stifel Financial by 12,000.0% during the fourth quarter. Activest Wealth Management now owns 242 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 240 shares in the last quarter. Pinnacle Holdings LLC purchased a new position in Stifel Financial during the third quarter valued at approximately $32,000. IAG Wealth Partners LLC purchased a new position in Stifel Financial during the third quarter valued at approximately $39,000. Finally, Cullen Frost Bankers Inc. purchased a new position in Stifel Financial during the fourth quarter valued at approximately $50,000. Institutional investors and hedge funds own 82.01% of the company’s stock.

Stifel Financial Stock Up 0.8%

Stifel Financial stock opened at $73.25 on Tuesday. The stock has a market capitalization of $11.24 billion, a PE ratio of 14.25 and a beta of 1.00. Stifel Financial Corporation has a 12 month low of $63.73 and a 12 month high of $89.83. The business has a 50 day simple moving average of $74.96 and a 200-day simple moving average of $78.70. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.80.

Stifel Financial (NYSE:SF) last posted its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Stifel Financial had a return on equity of 18.76% and a net margin of 15.34%.The business’s revenue was up 17.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 earnings per share. On average, analysts anticipate that Stifel Financial Corporation will post 6.25 EPS for the current fiscal year.

Stifel Financial Cuts Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday, May 29th. TD Cowen reduced their price target on Stifel Financial from $136.00 to $92.00 and set a “hold” rating for the company in a research report on Monday, March 23rd. Zacks Research upgraded Stifel Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Finally, UBS Group reduced their price target on Stifel Financial from $100.00 to $89.00 and set a “buy” rating for the company in a research report on Wednesday, April 8th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $91.15.

Stifel Financial 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.