Bank of New York Mellon Corp Grows Stake in Stifel Financial Corporation $SF

Bank of New York Mellon Corp boosted its position in Stifel Financial Corporation (NYSE:SF) by 4.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 972,611 shares of the financial services provider’s stock after buying an additional 39,382 shares during the period. Bank of New York Mellon Corp’s holdings in Stifel Financial were worth $121,790,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Activest Wealth Management increased its stake in Stifel Financial by 12,000.0% in the 4th quarter. Activest Wealth Management now owns 242 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 240 shares in the last quarter. Advisory Services Network LLC purchased a new position in Stifel Financial in the 3rd quarter valued at approximately $29,000. Pinnacle Holdings LLC purchased a new position in Stifel Financial in the 3rd quarter valued at approximately $32,000. IAG Wealth Partners LLC purchased a new position in Stifel Financial in the 3rd quarter valued at approximately $39,000. Finally, Cullen Frost Bankers Inc. purchased a new position in Stifel Financial in the 4th quarter valued at approximately $50,000. 82.01% of the stock is owned by hedge funds and other institutional investors.

Stifel Financial Trading Down 0.9%

NYSE:SF opened at $70.77 on Friday. The business’s 50-day moving average is $75.11 and its two-hundred day moving average is $78.98. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.80. Stifel Financial Corporation has a 12 month low of $62.90 and a 12 month high of $89.83. The firm has a market capitalization of $10.86 billion, a PE ratio of 13.77 and a beta of 1.00.

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

Stifel Financial Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.34 per share. The ex-dividend date is Monday, June 1st. This represents a $1.36 annualized dividend and a dividend yield of 1.9%. Stifel Financial’s dividend payout ratio (DPR) is currently 26.46%.

Wall Street Analysts Forecast Growth

SF has been the topic of a number of analyst reports. TD Cowen lowered their target price on Stifel Financial from $136.00 to $92.00 and set a “hold” rating on the stock in a report on Monday, March 23rd. UBS Group lowered their target price on Stifel Financial from $100.00 to $89.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. Zacks Research upgraded Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Stifel Financial in a report on Friday, May 29th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently 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.