Voya Investment Management LLC Raises Position in Stifel Financial Corporation $SF

Key Points

• Voya Investment Management LLC has increased its stake in Stifel Financial Corporation by 39.7%, now owning 16,847 shares valued at approximately $1.59 million.
• The company's quarterly earnings surpassed expectations with an EPS of $1.71, and it reported a revenue of $1.28 billion, marking a 5.4% year-over-year increase.
• Stifel Financial declared a quarterly dividend of $0.46 per share, representing an annual yield of 1.6%, with a payout ratio of 35.66%.

Voya Investment Management LLC increased its stake in shares of Stifel Financial Corporation (NYSE:SF - Free Report) by 39.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,847 shares of the financial services provider's stock after purchasing an additional 4,785 shares during the period. Voya Investment Management LLC's holdings in Stifel Financial were worth $1,588,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of SF. Deutsche Bank AG boosted its position in shares of Stifel Financial by 5.7% during the fourth quarter. Deutsche Bank AG now owns 8,353 shares of the financial services provider's stock worth $886,000 after acquiring an additional 454 shares during the last quarter. ProShare Advisors LLC grew its holdings in Stifel Financial by 7.1% during the 4th quarter. ProShare Advisors LLC now owns 4,788 shares of the financial services provider's stock worth $508,000 after acquiring an additional 319 shares in the last quarter. Tidal Investments LLC grew its holdings in Stifel Financial by 20.8% during the 4th quarter. Tidal Investments LLC now owns 4,682 shares of the financial services provider's stock worth $497,000 after acquiring an additional 805 shares in the last quarter. Two Sigma Advisers LP bought a new stake in shares of Stifel Financial in the 4th quarter valued at about $2,136,000. Finally, Voloridge Investment Management LLC bought a new stake in shares of Stifel Financial in the 4th quarter valued at about $1,763,000. 82.01% of the stock is currently owned by institutional investors.

Stifel Financial Stock Down 0.4%

SF opened at $114.54 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.82 and a quick ratio of 0.77. The stock has a market capitalization of $11.70 billion, a price-to-earnings ratio of 22.20 and a beta of 1.13. The business has a 50-day moving average of $112.94 and a two-hundred day moving average of $100.88. Stifel Financial Corporation has a 12 month low of $73.27 and a 12 month high of $120.64.

Stifel Financial (NYSE:SF - Get Free Report) last issued its 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. Stifel Financial had a return on equity of 13.93% and a net margin of 11.90%.The business had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.25 billion. During the same quarter in the previous year, the business earned $1.60 EPS. The company's revenue for the quarter was up 5.4% on a year-over-year basis. On average, research analysts expect that Stifel Financial Corporation will post 8.26 earnings per share for the current year.

Stifel Financial Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Stifel Nicolaus set a $135.00 price target on shares of Stifel Financial in a research report on Thursday, July 31st. JMP Securities lifted their target price on shares of 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 raised shares of Stifel Financial from a "neutral" rating to a "buy" rating and upped their target price for the company from $115.00 to $135.00 in a research report on Thursday, July 31st. Zacks Research lowered shares of Stifel Financial from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 8th. Finally, Wells Fargo & Company upped their target price on shares of Stifel Financial from $102.00 to $125.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Stifel Financial presently has a consensus rating of "Hold" and an average price target of $115.78.

About Stifel Financial

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.

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