Assenagon Asset Management S.A. Purchases Shares of 313,527 Stifel Financial Corporation $SF

Assenagon Asset Management S.A. acquired a new position in Stifel Financial Corporation (NYSE:SF) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 313,527 shares of the financial services provider’s stock, valued at approximately $35,576,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in SF. Boston Partners boosted its holdings in Stifel Financial by 2,727.0% during the second quarter. Boston Partners now owns 2,326,249 shares of the financial services provider’s stock worth $241,468,000 after buying an additional 2,243,961 shares in the last quarter. Norges Bank acquired a new stake in shares of Stifel Financial during the 2nd quarter valued at $143,377,000. AQR Capital Management LLC boosted its stake in shares of Stifel Financial by 314.1% during 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 in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of 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 last quarter. Finally, Walleye Capital LLC grew its holdings in shares of Stifel Financial by 59.0% in the 2nd quarter. Walleye Capital LLC now owns 436,350 shares of the financial services provider’s stock worth $45,284,000 after acquiring an additional 161,984 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors.

Stifel Financial Trading Down 0.4%

Shares of NYSE SF opened at $124.98 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.79 and a debt-to-equity ratio of 0.28. Stifel Financial Corporation has a one year low of $73.27 and a one year high of $133.08. The business has a 50-day moving average price of $119.78 and a two-hundred day moving average price of $112.75. The firm has a market capitalization of $12.73 billion, a PE ratio of 22.08 and a beta of 1.14.

Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.06. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.33 billion. Stifel Financial had a net margin of 12.44% and a return on equity of 14.95%. The firm’s revenue was up 16.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.50 earnings per share. As a group, analysts predict that Stifel Financial Corporation will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.5%. Stifel Financial’s dividend payout ratio (DPR) is 32.51%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Stifel Nicolaus set a $131.00 price target on Stifel Financial in a research report on Wednesday, October 8th. JMP Securities upped their price objective on shares of Stifel Financial from $130.00 to $135.00 and gave the company a “market outperform” rating in a research note on Thursday, October 9th. Cowen upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating in a report on Wednesday, October 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Stifel Financial in a research report on Wednesday, October 8th. Finally, Zacks Research lowered shares of Stifel Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $127.40.

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.