7,707 Shares in Stifel Financial Corporation $SF Bought by Virtu Financial LLC

Virtu Financial LLC bought a new position in Stifel Financial Corporation (NYSE:SF) during the fourth quarter, HoldingsChannel.com reports. The fund bought 7,707 shares of the financial services provider’s stock, valued at approximately $965,000.

Several other hedge funds have also recently made changes to their positions in the business. Horizon Investments LLC boosted its holdings in shares of Stifel Financial by 146.7% in the 4th quarter. Horizon Investments LLC now owns 63,089 shares of the financial services provider’s stock worth $7,900,000 after purchasing an additional 37,516 shares during the period. Strs Ohio increased its position in Stifel Financial by 25.8% during the fourth quarter. Strs Ohio now owns 72,168 shares of the financial services provider’s stock valued at $9,037,000 after acquiring an additional 14,779 shares during the last quarter. Fiera Capital Corp raised its stake in shares of Stifel Financial by 33.1% in the fourth quarter. Fiera Capital Corp now owns 804,609 shares of the financial services provider’s stock valued at $100,753,000 after acquiring an additional 199,983 shares during the period. New Age Alpha Advisors LLC lifted its holdings in shares of Stifel Financial by 38.2% in the 4th quarter. New Age Alpha Advisors LLC now owns 55,946 shares of the financial services provider’s stock worth $7,006,000 after acquiring an additional 15,470 shares during the last quarter. Finally, Panagora Asset Management Inc. lifted its holdings in shares of Stifel Financial by 3,822.2% in the 4th quarter. Panagora Asset Management Inc. now owns 200,973 shares of the financial services provider’s stock worth $25,166,000 after acquiring an additional 195,849 shares during the last quarter. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. 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 report on Wednesday, April 8th. TD Cowen decreased their price objective on shares of Stifel Financial from $136.00 to $92.00 and set a “hold” rating for the company in a research note on Monday, March 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday, May 29th. Finally, Zacks Research raised 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $91.15.

Stifel Financial Stock Up 0.1%

NYSE:SF opened at $73.65 on Monday. The company has a market cap of $11.30 billion, a price-to-earnings ratio of 14.33 and a beta of 1.00. Stifel Financial Corporation has a twelve month low of $64.36 and a twelve month high of $89.83. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The stock has a fifty day simple moving average of $74.90 and a 200-day simple moving average of $78.49.

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

Stifel Financial Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Monday, June 1st. Stifel Financial’s 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.