Geode Capital Management LLC Buys 17,008 Shares of Stifel Financial Corporation $SF

Geode Capital Management LLC lifted its stake in shares of Stifel Financial Corporation (NYSE:SF) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,844,635 shares of the financial services provider’s stock after acquiring an additional 17,008 shares during the quarter. Geode Capital Management LLC owned approximately 1.81% of Stifel Financial worth $231,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Ratings Changes

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

Stifel Financial Trading Up 0.1%

Shares of SF stock opened at $69.39 on Wednesday. The company has a market cap of $10.64 billion, a P/E ratio of 13.50 and a beta of 1.00. The stock has a 50 day simple moving average of $75.24 and a two-hundred day simple moving average of $79.29. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 0.85. Stifel Financial Corporation has a fifty-two week low of $61.57 and a fifty-two week high of $89.83.

Stifel Financial (NYSE:SF) last issued its earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.51 billion. Stifel Financial had a return on equity of 18.76% and a net margin of 15.34%.The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 earnings per share. Research analysts forecast that Stifel Financial Corporation will post 6.25 earnings per share for the current year.

Stifel Financial Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued 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 payout ratio is presently 26.46%.

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.