Peregrine Capital Management LLC Raises Stock Holdings in Stifel Financial Corporation $SF

Peregrine Capital Management LLC grew its holdings in Stifel Financial Corporation (NYSE:SF) by 43.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 195,017 shares of the financial services provider’s stock after buying an additional 59,364 shares during the quarter. Peregrine Capital Management LLC’s holdings in Stifel Financial were worth $14,416,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. NewEdge Advisors LLC increased its holdings in Stifel Financial by 5.8% in the 1st quarter. NewEdge Advisors LLC now owns 2,673 shares of the financial services provider’s stock worth $252,000 after acquiring an additional 147 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in Stifel Financial by 1,162.6% during the first quarter. Jones Financial Companies Lllp now owns 2,702 shares of the financial services provider’s stock valued at $255,000 after purchasing an additional 2,488 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Stifel Financial by 106.8% during the second quarter. EverSource Wealth Advisors LLC now owns 974 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 503 shares in the last quarter. First Trust Advisors LP grew its position in shares of Stifel Financial by 86.5% in the second quarter. First Trust Advisors LP now owns 128,630 shares of the financial services provider’s stock valued at $13,349,000 after purchasing an additional 59,662 shares during the period. Finally, Amundi grew its position in shares of Stifel Financial by 51.0% in the second quarter. Amundi now owns 31,906 shares of the financial services provider’s stock valued at $3,425,000 after purchasing an additional 10,771 shares during the period. 82.01% of the stock is owned by institutional investors and hedge funds.

Stifel Financial Trading Up 2.7%

Shares of SF opened at $69.81 on Wednesday. Stifel Financial Corporation has a 52-week low of $67.81 and a 52-week high of $89.83. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.29. The firm’s fifty day moving average is $73.69 and its two-hundred day moving average is $77.89. The stock has a market cap of $10.71 billion, a PE ratio of 13.58 and a beta of 1.00.

Stifel Financial (NYSE:SF) last released 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. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.51 billion. Stifel Financial had a net margin of 15.34% and a return on equity of 18.76%. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.49 earnings per share. Research analysts forecast that Stifel Financial Corporation will post 6.25 earnings per share for the current fiscal year.

Stifel Financial Cuts Dividend

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Weiss Ratings restated 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 on the stock in a report on Monday, March 23rd. Zacks Research upgraded Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, UBS Group reduced their target price on Stifel Financial from $100.00 to $89.00 and set a “buy” rating for the company in a 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $91.15.

About Stifel Financial

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.