Fisher Asset Management LLC Lowers Stock Holdings in Stifel Financial Corporation $SF

Fisher Asset Management LLC lowered its stake in shares of Stifel Financial Corporation (NYSE:SF) by 3.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,198,035 shares of the financial services provider’s stock after selling 46,066 shares during the quarter. Fisher Asset Management LLC’s holdings in Stifel Financial were worth $150,018,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Clearstead Advisors LLC grew its holdings in shares of Stifel Financial by 722.0% during the fourth quarter. Clearstead Advisors LLC now owns 2,203 shares of the financial services provider’s stock worth $276,000 after buying an additional 1,935 shares during the last quarter. New Age Alpha Advisors LLC grew its holdings in shares of Stifel Financial by 38.2% during the fourth quarter. New Age Alpha Advisors LLC now owns 55,946 shares of the financial services provider’s stock worth $7,006,000 after buying an additional 15,470 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Stifel Financial by 110.0% during the fourth quarter. Hantz Financial Services Inc. now owns 1,474 shares of the financial services provider’s stock worth $185,000 after buying an additional 772 shares during the last quarter. Coldstream Capital Management Inc. grew its holdings in shares of Stifel Financial by 1.7% during the fourth quarter. Coldstream Capital Management Inc. now owns 11,945 shares of the financial services provider’s stock worth $1,496,000 after buying an additional 194 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Stifel Financial by 111.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,351 shares of the financial services provider’s stock worth $294,000 after buying an additional 1,238 shares during the last quarter. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Stifel Financial Price Performance

Shares of SF opened at $72.69 on Tuesday. Stifel Financial Corporation has a twelve month low of $60.62 and a twelve month high of $89.83. The stock’s 50 day moving average is $75.21 and its two-hundred day moving average is $79.64. The firm has a market capitalization of $11.15 billion, a PE ratio of 14.14 and a beta of 1.05. 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 announced its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. Stifel Financial had a return on equity of 18.76% and a net margin of 15.34%.The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the company earned $0.49 EPS. The firm’s revenue for the quarter was up 17.7% compared to the same quarter last year. Research analysts anticipate that Stifel Financial Corporation will post 6.25 earnings per share for the current year.

Stifel Financial Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Monday, June 1st. Stifel Financial’s dividend payout ratio (DPR) is presently 26.46%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on SF shares. Weiss Ratings raised Stifel Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Zacks Research raised Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. TD Cowen lowered their price objective on Stifel Financial from $136.00 to $92.00 and set a “hold” rating on the stock in a report on Monday, March 23rd. Finally, UBS Group lowered their price objective on Stifel Financial from $100.00 to $89.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Stifel Financial currently has an average rating of “Moderate Buy” and an average 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.