Chicago Partners Investment Group LLC Grows Position in Stifel Financial Corporation $SF

Chicago Partners Investment Group LLC raised its stake in shares of Stifel Financial Corporation (NYSE:SF) by 155.8% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 12,108 shares of the financial services provider’s stock after purchasing an additional 7,375 shares during the period. Chicago Partners Investment Group LLC’s holdings in Stifel Financial were worth $937,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. AQR Capital Management LLC grew its stake in shares of Stifel Financial by 94.8% during the 4th quarter. AQR Capital Management LLC now owns 2,893,850 shares of the financial services provider’s stock valued at $362,368,000 after acquiring an additional 1,408,347 shares during the period. Norges Bank purchased a new position in Stifel Financial during the fourth quarter valued at approximately $172,446,000. Marshall Wace LLP lifted its holdings in Stifel Financial by 50.9% during the fourth quarter. Marshall Wace LLP now owns 1,284,806 shares of the financial services provider’s stock valued at $160,883,000 after purchasing an additional 433,341 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Stifel Financial by 13.8% in the third quarter. Wellington Management Group LLP now owns 3,451,787 shares of the financial services provider’s stock worth $391,674,000 after purchasing an additional 419,038 shares during the period. Finally, Balyasny Asset Management L.P. boosted its position in shares of Stifel Financial by 137.3% in the fourth quarter. Balyasny Asset Management L.P. now owns 670,926 shares of the financial services provider’s stock worth $84,013,000 after purchasing an additional 388,190 shares during the period. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. TD Cowen reduced their price objective 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. Weiss Ratings restated a “buy (b-)” rating on shares of Stifel Financial in a research note on Friday, May 29th. Zacks Research raised shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, UBS Group reiterated a “buy” rating and issued a $86.00 price target (down from $89.00) on shares of Stifel Financial in a research note on Wednesday, July 8th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $91.75.

Stifel Financial Stock Up 0.0%

Shares of NYSE:SF opened at $78.77 on Friday. The company has a market cap of $12.08 billion, a price-to-earnings ratio of 15.32 and a beta of 1.01. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average price of $72.92 and a 200 day moving average price of $77.02. Stifel Financial Corporation has a 12 month low of $67.81 and a 12 month high of $89.83.

Stifel Financial (NYSE:SF) last announced its earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.06. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.51 billion. Stifel Financial had a net margin of 15.34% and a return on equity of 18.76%. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 earnings per share. As a group, equities research analysts predict that Stifel Financial Corporation will post 6.22 earnings per share for the current year.

Stifel Financial Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Monday, June 1st. Stifel Financial’s dividend payout ratio is 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.