Fiera Capital Corp Raises Holdings in Stifel Financial Corporation $SF

Fiera Capital Corp increased its position in Stifel Financial Corporation (NYSE:SF) by 33.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 804,609 shares of the financial services provider’s stock after buying an additional 199,983 shares during the quarter. Fiera Capital Corp owned about 0.79% of Stifel Financial worth $100,753,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also 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 4th quarter. Activest Wealth Management now owns 242 shares of the financial services provider’s stock worth $30,000 after buying an additional 240 shares during the period. Advisory Services Network LLC purchased a new position in shares of Stifel Financial in the 3rd quarter worth $29,000. Pinnacle Holdings LLC purchased a new position in shares of Stifel Financial in the 3rd quarter worth $32,000. IAG Wealth Partners LLC purchased a new position in shares of Stifel Financial in the 3rd quarter worth $39,000. Finally, Cullen Frost Bankers Inc. purchased a new position in Stifel Financial in the fourth quarter valued at about $50,000. 82.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SF has been the topic of several research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday, May 29th. UBS Group cut 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. TD Cowen cut their price objective 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. Finally, Zacks Research raised Stifel Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.15.

Stifel Financial Stock Up 0.1%

Shares of NYSE SF opened at $70.77 on Monday. Stifel Financial Corporation has a 1 year low of $62.90 and a 1 year high of $89.83. The firm has a market cap of $10.86 billion, a price-to-earnings ratio of 13.77 and a beta of 1.00. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 0.85. The stock’s 50-day simple moving average is $75.11 and its 200-day simple moving average is $78.99.

Stifel Financial (NYSE:SF) last announced its earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share (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 business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the company earned $0.49 earnings per share. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. As a group, equities analysts anticipate 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 will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, June 1st. Stifel Financial’s payout ratio is presently 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.