Alberta Investment Management Corp Takes $18.28 Million Position in Stifel Financial Corporation $SF

Alberta Investment Management Corp acquired a new stake in shares of Stifel Financial Corporation (NYSE:SF) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 146,000 shares of the financial services provider’s stock, valued at approximately $18,282,000.

Other large investors have also added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new position in shares of Stifel Financial in the 3rd quarter worth $29,000. Activest Wealth Management increased its position in Stifel Financial by 12,000.0% during the fourth quarter. Activest Wealth Management now owns 242 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 240 shares during the last quarter. Pinnacle Holdings LLC bought a new position in Stifel Financial in the third quarter valued at about $32,000. IAG Wealth Partners LLC bought a new position in Stifel Financial in the third quarter valued at about $39,000. Finally, Cullen Frost Bankers Inc. purchased a new position in Stifel Financial in the fourth quarter worth about $50,000. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Stifel Financial Stock Performance

NYSE:SF opened at $73.65 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. Stifel Financial Corporation has a 12-month low of $64.36 and a 12-month high of $89.83. The stock has a 50-day moving average price of $74.97 and a 200 day moving average price of $78.54. The stock has a market capitalization of $11.30 billion, a P/E ratio of 14.33 and a beta of 1.00.

Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.51 billion. During the same period in the previous year, the firm earned $0.49 EPS. The firm’s revenue was up 17.7% compared to the same quarter last year. Equities 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 announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Monday, June 1st. Stifel Financial’s dividend payout ratio (DPR) is presently 26.46%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SF. Zacks Research upgraded Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of Stifel Financial in a report on Friday, May 29th. TD Cowen cut their target price on shares of Stifel Financial from $136.00 to $92.00 and set a “hold” rating for the company in a research report on Monday, March 23rd. Finally, UBS Group reduced their target price on shares of Stifel Financial from $100.00 to $89.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus 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.