Acadian Asset Management LLC Grows Stock Position in Stifel Financial Corporation $SF

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

Several other hedge funds have also bought and sold shares of the company. Focus Partners Wealth increased its holdings in shares of Stifel Financial by 17.5% during the first quarter. Focus Partners Wealth now owns 26,144 shares of the financial services provider's stock worth $2,464,000 after purchasing an additional 3,887 shares during the period. Zurich Insurance Group Ltd FI acquired a new stake in shares of Stifel Financial during the 1st quarter worth approximately $1,386,000. United Services Automobile Association acquired a new stake in shares of Stifel Financial during the 1st quarter worth approximately $628,000. Caxton Associates LLP acquired a new stake in shares of Stifel Financial during the 1st quarter worth approximately $452,000. Finally, Voleon Capital Management LP acquired a new stake in shares of Stifel Financial during the 1st quarter worth approximately $1,132,000. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Stifel Financial Trading Down 1.4%

SF stock traded down $1.65 during mid-day trading on Monday, reaching $113.64. 476,192 shares of the stock traded hands, compared to its average volume of 626,703. The stock has a market capitalization of $11.61 billion, a PE ratio of 22.02 and a beta of 1.13. The business has a 50-day moving average price of $112.40 and a two-hundred day moving average price of $100.36. Stifel Financial Corporation has a one year low of $73.27 and a one year high of $120.64. 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 posted its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 11.90% and a return on equity of 13.93%. Stifel Financial's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the firm posted $1.60 EPS. Equities research analysts expect that Stifel Financial Corporation will post 8.26 EPS for the current year.

Stifel Financial Announces Dividend

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 issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. Stifel Financial's 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.