Philadelphia Financial Management of San Francisco LLC Has $9.33 Million Holdings in Stifel Financial Corporation $SF

Key Points

• Philadelphia Financial Management of San Francisco LLC reduced its holdings in Stifel Financial Corporation by 34.1%, selling 51,155 shares and retaining approximately 98,988 shares.
• Stifel Financial's stock has received mixed ratings from analysts, with four analysts rating it as a Buy and four as a Hold, while the average target price has been established at $115.78.
• The company recently announced a quarterly dividend of $0.46, which translates to an annual yield of 1.6% based on its current financial performance.

Philadelphia Financial Management of San Francisco LLC reduced its stake in shares of Stifel Financial Corporation (NYSE:SF - Free Report) by 34.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,988 shares of the financial services provider's stock after selling 51,155 shares during the period. Stifel Financial accounts for about 1.8% of Philadelphia Financial Management of San Francisco LLC's holdings, making the stock its 26th biggest position. Philadelphia Financial Management of San Francisco LLC owned about 0.10% of Stifel Financial worth $9,331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of SF. AQR Capital Management LLC grew its stake in Stifel Financial by 314.1% in the 1st quarter. AQR Capital Management LLC now owns 1,383,836 shares of the financial services provider's stock worth $126,925,000 after acquiring an additional 1,049,665 shares during the period. GAMMA Investing LLC grew its stake in Stifel Financial by 47,124.2% in the 1st quarter. GAMMA Investing LLC now owns 425,018 shares of the financial services provider's stock worth $40,062,000 after acquiring an additional 424,118 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Stifel Financial by 529.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 398,633 shares of the financial services provider's stock worth $37,576,000 after acquiring an additional 335,257 shares during the period. Nuveen LLC purchased a new stake in Stifel Financial in the 1st quarter worth approximately $28,564,000. Finally, Vanguard Group Inc. grew its stake in Stifel Financial by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 10,620,407 shares of the financial services provider's stock worth $1,001,080,000 after acquiring an additional 217,415 shares during the period. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SF has been the subject of several research reports. Citigroup raised shares of Stifel Financial from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $115.00 to $135.00 in a research note on Thursday, July 31st. Wall Street Zen upgraded Stifel Financial from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd. JMP Securities upped their price objective on shares of Stifel Financial from $120.00 to $130.00 and gave the company a "market outperform" rating in a research report on Monday, July 14th. Stifel Nicolaus set a $135.00 price objective on shares of Stifel Financial in a research report on Thursday, July 31st. Finally, Wells Fargo & Company increased their price target on shares of Stifel Financial from $102.00 to $125.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $115.78.

Stifel Financial Stock Performance

Shares of NYSE:SF traded up $0.43 during trading hours on Wednesday, hitting $113.03. The stock had a trading volume of 590,157 shares, compared to its average volume of 783,408. The stock's fifty day simple moving average is $111.92 and its 200 day simple moving average is $100.13. Stifel Financial Corporation has a 1-year low of $73.27 and a 1-year high of $120.64. The firm has a market capitalization of $11.55 billion, a price-to-earnings ratio of 21.90 and a beta of 1.13. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.82.

Stifel Financial (NYSE:SF - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $1.71 EPS for the quarter, beating the consensus estimate of $1.65 by $0.06. Stifel Financial had a net margin of 11.90% and a return on equity of 13.93%. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the business earned $1.60 earnings per share. Stifel Financial's revenue was up 5.4% compared to the same quarter last year. Sell-side analysts anticipate that Stifel Financial Corporation will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. Stifel Financial's dividend payout ratio (DPR) is currently 35.66%.

Stifel Financial Profile

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.