Alberta Investment Management Corp Acquires New Shares in Stifel Financial Corporation $SF

Alberta Investment Management Corp acquired a new stake in shares of Stifel Financial Corporation (NYSE:SF) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 146,000 shares of the financial services provider’s stock, valued at approximately $18,282,000. Alberta Investment Management Corp owned approximately 0.14% of Stifel Financial as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SF. Advisory Services Network LLC acquired a new position in Stifel Financial during the 3rd quarter worth about $29,000. Activest Wealth Management lifted its holdings in Stifel Financial by 12,000.0% during the 4th quarter. Activest Wealth Management now owns 242 shares of the financial services provider’s stock worth $30,000 after buying an additional 240 shares during the period. Pinnacle Holdings LLC acquired a new position in Stifel Financial during the 3rd quarter worth about $32,000. IAG Wealth Partners LLC acquired a new position in Stifel Financial during the 3rd quarter worth about $39,000. Finally, Cullen Frost Bankers Inc. acquired a new position in Stifel Financial during the 4th quarter worth about $50,000. 82.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on SF. TD Cowen cut 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 cut 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 raised Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stifel Financial in a report on Friday, May 29th. Six research 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, Stifel Financial currently has an average rating of “Moderate Buy” and a consensus target price of $91.15.

Stifel Financial Stock Up 0.8%

Shares of NYSE:SF opened at $73.25 on Tuesday. The company has a market capitalization of $11.24 billion, a price-to-earnings ratio of 14.25 and a beta of 1.00. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.80. The business’s 50-day moving average is $74.96 and its 200-day moving average is $78.70. Stifel Financial Corporation has a 1 year low of $63.73 and a 1 year high of $89.83.

Stifel Financial (NYSE:SF) last announced its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. The company had revenue of $1.44 billion for 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 was up 17.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 EPS. Equities research analysts predict that Stifel Financial Corporation will post 6.25 earnings per share for the current year.

Stifel Financial Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, June 1st. Stifel Financial’s payout ratio is currently 26.46%.

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.