Stifel Financial Corporation $SF Shares Purchased by Algebris UK Ltd.

Algebris UK Ltd. lifted its holdings in shares of Stifel Financial Corporation (NYSE:SF) by 136.8% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 246,198 shares of the financial services provider’s stock after acquiring an additional 142,223 shares during the period. Stifel Financial makes up approximately 3.2% of Algebris UK Ltd.’s investment portfolio, making the stock its 12th largest holding. Algebris UK Ltd.’s holdings in Stifel Financial were worth $27,915,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Securian Asset Management Inc. raised its stake in shares of Stifel Financial by 1.3% in the second quarter. Securian Asset Management Inc. now owns 7,837 shares of the financial services provider’s stock worth $813,000 after purchasing an additional 100 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in Stifel Financial by 2.7% during the second quarter. Nisa Investment Advisors LLC now owns 4,085 shares of the financial services provider’s stock worth $424,000 after buying an additional 108 shares in the last quarter. Palisades Investment Partners LLC boosted its stake in shares of Stifel Financial by 0.5% during the 3rd quarter. Palisades Investment Partners LLC now owns 29,475 shares of the financial services provider’s stock worth $3,345,000 after acquiring an additional 134 shares in the last quarter. Sage Mountain Advisors LLC grew its holdings in Stifel Financial by 5.5% in the third quarter. Sage Mountain Advisors LLC now owns 2,694 shares of the financial services provider’s stock valued at $306,000 after purchasing an additional 141 shares during the period. Finally, Allworth Financial LP grew its stake in Stifel Financial by 43.6% in the 2nd quarter. Allworth Financial LP now owns 484 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 147 shares during the period. 82.01% of the stock is owned by institutional investors and hedge funds.

Stifel Financial Stock Performance

NYSE:SF opened at $128.36 on Monday. Stifel Financial Corporation has a 12 month low of $73.27 and a 12 month high of $134.74. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.84 and a quick ratio of 0.79. The firm has a market capitalization of $13.07 billion, a PE ratio of 22.68 and a beta of 1.13. The business’s fifty day moving average price is $126.16 and its 200 day moving average price is $118.19.

Stifel Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.4%. The ex-dividend date was Monday, December 1st. Stifel Financial’s dividend payout ratio is currently 32.51%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. BMO Capital Markets initiated coverage on Stifel Financial in a report on Friday, October 3rd. They set a “market perform” rating and a $121.00 target price for the company. TD Cowen lowered shares of Stifel Financial from a “buy” rating to a “hold” rating in a report on Wednesday, January 14th. Citigroup reiterated an “outperform” rating on shares of Stifel Financial in a report on Monday, January 12th. Weiss Ratings reissued a “hold (c+)” rating on shares of Stifel Financial in a research report on Wednesday. Finally, Wolfe Research reissued an “outperform” rating and set a $149.00 price target on shares of Stifel Financial in a research report on Wednesday, January 7th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $135.18.

About Stifel Financial

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.