BW Gestao de Investimentos Ltda. Purchases Shares of 48,000 Stifel Financial Corporation $SF

BW Gestao de Investimentos Ltda. purchased a new stake in Stifel Financial Corporation (NYSE:SF) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 48,000 shares of the financial services provider’s stock, valued at approximately $6,011,000.

Several other hedge funds also recently added to or reduced their stakes in SF. NewEdge Advisors LLC increased its stake in Stifel Financial by 5.8% in the first quarter. NewEdge Advisors LLC now owns 2,673 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 147 shares during the last quarter. Jones Financial Companies Lllp increased its stake in Stifel Financial by 1,162.6% in the first quarter. Jones Financial Companies Lllp now owns 2,702 shares of the financial services provider’s stock valued at $255,000 after purchasing an additional 2,488 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Stifel Financial by 106.8% in the second quarter. EverSource Wealth Advisors LLC now owns 974 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 503 shares during the last quarter. First Trust Advisors LP increased its stake in Stifel Financial by 86.5% in the second quarter. First Trust Advisors LP now owns 128,630 shares of the financial services provider’s stock valued at $13,349,000 after purchasing an additional 59,662 shares during the last quarter. Finally, Amundi increased its stake in Stifel Financial by 51.0% in the second quarter. Amundi now owns 31,906 shares of the financial services provider’s stock valued at $3,425,000 after purchasing an additional 10,771 shares during the last quarter. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Stifel Financial Stock Performance

Shares of SF opened at $69.39 on Wednesday. The company’s 50 day simple moving average is $75.24 and its 200-day simple moving average is $79.29. Stifel Financial Corporation has a 12-month low of $61.57 and a 12-month high of $89.83. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The firm has a market cap of $10.64 billion, a PE ratio of 13.50 and a beta of 1.00.

Stifel Financial (NYSE:SF) last posted its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. Stifel Financial had a net margin of 15.34% and a return on equity of 18.76%. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period last year, the firm posted $0.49 EPS. Stifel Financial’s quarterly revenue was up 17.7% on a year-over-year basis. As a group, equities analysts predict that Stifel Financial Corporation will post 6.25 EPS for the current year.

Stifel Financial Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Monday, June 1st. Stifel Financial’s dividend payout ratio (DPR) is 26.46%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SF. Weiss Ratings restated a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday. Zacks Research upgraded shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. TD Cowen lowered their target price on shares of Stifel Financial from $136.00 to $92.00 and set a “hold” rating on the stock in a research report on Monday, March 23rd. Finally, UBS Group lowered their target price on shares of Stifel Financial from $100.00 to $89.00 and set a “buy” rating on the stock in a research report on Wednesday, April 8th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $91.15.

Stifel Financial Profile

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.