Bank of New York Mellon Corp Has $101.08 Million Stake in Stifel Financial Corporation $SF

Bank of New York Mellon Corp lifted its stake in Stifel Financial Corporation (NYSE:SF) by 40.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,367,474 shares of the financial services provider’s stock after purchasing an additional 394,863 shares during the quarter. Bank of New York Mellon Corp’s holdings in Stifel Financial were worth $101,084,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in SF. Horizon Investments LLC grew its position in shares of Stifel Financial by 146.7% in the 4th quarter. Horizon Investments LLC now owns 63,089 shares of the financial services provider’s stock valued at $7,900,000 after buying an additional 37,516 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of Stifel Financial by 430.4% in the first quarter. Fifth Third Bancorp now owns 73,993 shares of the financial services provider’s stock worth $5,470,000 after acquiring an additional 60,042 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Stifel Financial by 49.9% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 38,209 shares of the financial services provider’s stock valued at $2,824,000 after acquiring an additional 12,727 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in Stifel Financial in the first quarter valued at approximately $1,001,000. Finally, Polianta Ltd acquired a new stake in Stifel Financial during the 1st quarter valued at approximately $1,522,000. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Stock Up 0.3%

Stifel Financial stock opened at $77.40 on Tuesday. 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 12-month low of $67.81 and a 12-month high of $89.83. The firm’s fifty day moving average is $73.00 and its 200 day moving average is $76.92. The company has a market capitalization of $11.87 billion, a PE ratio of 15.06 and a beta of 1.01.

Stifel Financial (NYSE:SF) last issued its earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.06. The business had revenue of $1.44 billion for 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%. Stifel Financial’s revenue was up 17.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 earnings per share. As a group, sell-side analysts predict that Stifel Financial Corporation will post 6.22 EPS for the current fiscal year.

Stifel Financial Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis 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 26.46%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on SF shares. UBS Group restated a “buy” rating and issued a $86.00 price target (down from $89.00) on shares of Stifel Financial in a research report on Wednesday, July 8th. TD Cowen decreased their price target on Stifel Financial from $136.00 to $92.00 and set a “hold” rating for the company in a report on Monday, March 23rd. Zacks Research raised Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday, May 29th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Stifel Financial presently has an average rating of “Moderate Buy” and an average price target of $91.75.

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.