Boothbay Fund Management LLC Raises Position in Stifel Financial Corporation $SF

Boothbay Fund Management LLC increased its holdings in Stifel Financial Corporation (NYSE:SF) by 17.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 80,611 shares of the financial services provider’s stock after buying an additional 11,722 shares during the period. Boothbay Fund Management LLC owned 0.08% of Stifel Financial worth $10,094,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Activest Wealth Management raised its position in shares of Stifel Financial by 12,000.0% in the fourth quarter. Activest Wealth Management now owns 242 shares of the financial services provider’s stock worth $30,000 after buying an additional 240 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Stifel Financial in the third quarter worth $29,000. Pinnacle Holdings LLC purchased a new stake in shares of Stifel Financial in the third quarter worth $32,000. IAG Wealth Partners LLC purchased a new stake in shares of Stifel Financial in the third quarter worth $39,000. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of Stifel Financial in the fourth quarter worth $50,000. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Analyst Ratings Changes

SF has been the topic of a number of recent analyst reports. UBS Group lowered their price objective on Stifel Financial from $100.00 to $89.00 and set a “buy” rating on the stock 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, May 29th. 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 target on Stifel Financial from $136.00 to $92.00 and set a “hold” rating on the stock in a research report on Monday, March 23rd. Six equities 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.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $91.15.

Stifel Financial Trading Down 1.1%

NYSE SF opened at $73.47 on Thursday. The company has a market capitalization of $11.27 billion, a price-to-earnings ratio of 14.29 and a beta of 1.00. The stock’s 50-day simple moving average is $74.97 and its two-hundred day simple moving average is $78.60. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.29. Stifel Financial Corporation has a twelve month low of $63.91 and a twelve month high of $89.83.

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, topping the consensus estimate of $1.39 by $0.06. The firm 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 company’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 earnings per share. Research analysts forecast that Stifel Financial Corporation will post 6.25 EPS for the current fiscal year.

Stifel Financial Cuts Dividend

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

Stifel Financial Company 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.