Stifel Financial Corporation $SF Stock Position Lifted by 1492 Capital Management LLC

1492 Capital Management LLC grew its stake in shares of Stifel Financial Corporation (NYSE:SF) by 50.9% during the first quarter, HoldingsChannel reports. The firm owned 80,919 shares of the financial services provider’s stock after purchasing an additional 27,286 shares during the quarter. Stifel Financial accounts for approximately 2.3% of 1492 Capital Management LLC’s holdings, making the stock its 9th biggest position. 1492 Capital Management LLC’s holdings in Stifel Financial were worth $5,982,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of SF. Pictet Asset Management Holding SA raised its position in shares of Stifel Financial by 61.2% in the 1st quarter. Pictet Asset Management Holding SA now owns 24,034 shares of the financial services provider’s stock worth $1,777,000 after acquiring an additional 9,123 shares in the last quarter. Venturi Wealth Management LLC boosted its position in shares of Stifel Financial by 30.7% during the first quarter. Venturi Wealth Management LLC now owns 7,083 shares of the financial services provider’s stock valued at $524,000 after purchasing an additional 1,662 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its position in shares of Stifel Financial by 98.8% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,422 shares of the financial services provider’s stock valued at $327,000 after purchasing an additional 2,198 shares in the last quarter. OLD National Bancorp IN grew its stake in Stifel Financial by 70.0% in the first quarter. OLD National Bancorp IN now owns 6,255 shares of the financial services provider’s stock worth $462,000 after purchasing an additional 2,576 shares during the period. Finally, Louisiana State Employees Retirement System purchased a new stake in Stifel Financial in the first quarter worth $3,267,000. Institutional investors own 82.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SF. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stifel Financial in a research note on Friday, May 29th. Zacks Research upgraded shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. TD Cowen decreased 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 note on Monday, March 23rd. Finally, UBS Group lowered 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 analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $91.15.

Stifel Financial Trading Down 2.9%

NYSE:SF opened at $69.37 on Friday. The company’s 50 day moving average price is $74.20 and its 200-day moving average price is $78.17. Stifel Financial Corporation has a 52 week low of $67.96 and a 52 week high of $89.83. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.29. The stock has a market cap of $10.64 billion, a price-to-earnings ratio of 13.50 and a beta of 1.00.

Stifel Financial (NYSE:SF) last announced its quarterly earnings data 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 company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.51 billion. Stifel Financial had a net margin of 15.34% and a return on equity of 18.76%. 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 business earned $0.49 EPS. On average, equities research analysts forecast 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 was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.34 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.0%. Stifel Financial’s dividend payout ratio (DPR) 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.