Los Angeles Capital Management LLC Decreases Stock Holdings in Stifel Financial Corporation $SF

Los Angeles Capital Management LLC reduced its position in shares of Stifel Financial Corporation (NYSE:SF) by 8.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 89,084 shares of the financial services provider’s stock after selling 7,778 shares during the period. Los Angeles Capital Management LLC owned about 0.09% of Stifel Financial worth $10,491,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Horizon Investments LLC lifted its position in Stifel Financial by 146.7% in the fourth quarter. Horizon Investments LLC now owns 63,089 shares of the financial services provider’s stock valued at $7,900,000 after acquiring an additional 37,516 shares during the last quarter. Strs Ohio lifted its position in Stifel Financial by 25.8% in 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. New Age Alpha Advisors LLC lifted its position in Stifel Financial by 38.2% in the fourth quarter. New Age Alpha Advisors LLC now owns 55,946 shares of the financial services provider’s stock valued at $7,006,000 after acquiring an additional 15,470 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Stifel Financial by 245.0% in the fourth quarter. BNP Paribas Financial Markets now owns 389,794 shares of the financial services provider’s stock valued at $48,810,000 after acquiring an additional 276,806 shares during the last quarter. Finally, Algebris UK Ltd. lifted its position in Stifel Financial by 29.1% in the fourth quarter. Algebris UK Ltd. now owns 317,834 shares of the financial services provider’s stock valued at $39,818,000 after acquiring an additional 71,636 shares during the last quarter. 82.01% of the stock is owned by hedge funds and other institutional investors.

Stifel Financial Price Performance

Shares of NYSE:SF opened at $70.32 on Tuesday. The company has a 50-day simple moving average of $75.07 and a 200-day simple moving average of $78.94. Stifel Financial Corporation has a one year low of $62.90 and a one year high of $89.83. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 0.85. The stock has a market capitalization of $10.79 billion, a price-to-earnings ratio of 13.68 and a beta of 1.00.

Stifel Financial (NYSE:SF) last announced its earnings results 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. Stifel Financial had a net margin of 15.34% and a return on equity of 18.76%. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the prior year, the company earned $0.49 earnings per share. The business’s revenue was up 17.7% compared to the same quarter last year. On average, analysts predict that Stifel Financial Corporation will post 6.25 EPS for the current year.

Stifel Financial Cuts Dividend

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

Wall Street Analyst Weigh In

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

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.