Stifel Financial Corporation $SF Position Boosted by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC increased its stake in Stifel Financial Corporation by 365.6%, owning 65,728 shares valued at approximately $6.19 million.
• Stifel Financial's recent quarterly earnings exceeded expectations, reporting $1.71 EPS against a consensus estimate of $1.65, with a 5.4% revenue increase year-over-year.
• The company announced a quarterly dividend of $0.46 per share, reflecting an annualized yield of 1.6%, with a dividend payout ratio of 35.66%.

Acadian Asset Management LLC grew its stake in shares of Stifel Financial Corporation (NYSE:SF - Free Report) by 365.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,728 shares of the financial services provider's stock after purchasing an additional 51,610 shares during the quarter. Acadian Asset Management LLC owned 0.06% of Stifel Financial worth $6,193,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. NBC Securities Inc. acquired a new position in shares of Stifel Financial in the first quarter worth about $26,000. Alpine Bank Wealth Management acquired a new position in shares of Stifel Financial in the first quarter worth about $27,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Stifel Financial by 123.6% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the financial services provider's stock worth $31,000 after acquiring an additional 183 shares in the last quarter. Allworth Financial LP lifted its stake in shares of Stifel Financial by 67.7% in the first quarter. Allworth Financial LP now owns 337 shares of the financial services provider's stock worth $29,000 after acquiring an additional 136 shares in the last quarter. Finally, Bessemer Group Inc. lifted its stake in shares of Stifel Financial by 53.0% in the first quarter. Bessemer Group Inc. now owns 491 shares of the financial services provider's stock worth $46,000 after acquiring an additional 170 shares in the last quarter. Institutional investors and hedge funds own 82.01% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on SF shares. Zacks Research cut Stifel Financial from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 8th. Wall Street Zen upgraded Stifel Financial from a "sell" rating to a "hold" rating in a research note on Sunday, August 3rd. JMP Securities boosted their price target on Stifel Financial from $120.00 to $130.00 and gave the stock a "market outperform" rating in a research note on Monday, July 14th. Citigroup upgraded Stifel Financial from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $115.00 to $135.00 in a research note on Thursday, July 31st. Finally, Wells Fargo & Company boosted their price objective on Stifel Financial from $102.00 to $125.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $115.78.

Stifel Financial Stock Up 1.3%

Stifel Financial stock traded up $1.45 during midday trading on Thursday, hitting $115.47. The stock had a trading volume of 845,538 shares, compared to its average volume of 623,515. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28. The stock has a market cap of $11.80 billion, a P/E ratio of 22.38 and a beta of 1.13. Stifel Financial Corporation has a 12 month low of $73.27 and a 12 month high of $120.64. The business has a fifty day moving average price of $112.73 and a 200 day moving average price of $100.63.

Stifel Financial (NYSE:SF - Get Free Report) last posted its 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. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. Stifel Financial had a return on equity of 13.93% and a net margin of 11.90%.The business's revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.60 earnings per share. Research analysts predict that Stifel Financial Corporation will post 8.26 EPS for the current year.

Stifel Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $1.84 annualized dividend and a dividend yield of 1.6%. Stifel Financial's dividend payout ratio is 35.66%.

Stifel Financial Company 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.