FJ Capital Management LLC Has $7.33 Million Stock Holdings in Stifel Financial Corporation $SF

FJ Capital Management LLC grew its holdings in Stifel Financial Corporation (NYSE:SF) by 125.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 58,497 shares of the financial services provider’s stock after buying an additional 32,519 shares during the quarter. Stifel Financial makes up 0.8% of FJ Capital Management LLC’s portfolio, making the stock its 28th largest position. FJ Capital Management LLC owned 0.06% of Stifel Financial worth $7,325,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Essex Financial Services Inc. increased its stake in shares of Stifel Financial by 4.2% in the third quarter. Essex Financial Services Inc. now owns 2,533 shares of the financial services provider’s stock valued at $287,000 after buying an additional 102 shares in the last quarter. Brown Brothers Harriman & Co. increased its position in Stifel Financial by 15.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 811 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 106 shares during the period. Steward Partners Investment Advisory LLC increased its position in Stifel Financial by 0.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 23,449 shares of the financial services provider’s stock worth $2,936,000 after purchasing an additional 114 shares during the period. Bessemer Group Inc. increased its position in Stifel Financial by 20.4% in the third quarter. Bessemer Group Inc. now owns 697 shares of the financial services provider’s stock worth $79,000 after purchasing an additional 118 shares during the period. Finally, Principal Securities Inc. increased its position in Stifel Financial by 6.9% in the fourth quarter. Principal Securities Inc. now owns 1,926 shares of the financial services provider’s stock worth $241,000 after purchasing an additional 124 shares during the period. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Stifel Financial Price Performance

Shares of SF opened at $72.60 on Friday. 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 Corporation has a 1 year low of $62.90 and a 1 year high of $89.83. The stock has a market cap of $11.14 billion, a P/E ratio of 14.13 and a beta of 1.00. The stock’s 50-day moving average price is $74.98 and its two-hundred day moving average price is $78.75.

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

Stifel Financial Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.34 per share. The ex-dividend date 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 (DPR) is 26.46%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Zacks Research upgraded Stifel Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday, May 29th. TD Cowen lowered their price objective 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. Finally, UBS Group lowered their price objective 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 equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock 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.