Evolve Private Wealth LLC Boosts Holdings in Stifel Financial Corporation $SF

Evolve Private Wealth LLC raised its position in shares of Stifel Financial Corporation (NYSE:SF) by 47.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,285 shares of the financial services provider’s stock after acquiring an additional 20,105 shares during the period. Evolve Private Wealth LLC’s holdings in Stifel Financial were worth $4,604,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Essex Financial Services Inc. lifted its holdings in shares of Stifel Financial by 4.2% in the 3rd quarter. Essex Financial Services Inc. now owns 2,533 shares of the financial services provider’s stock worth $287,000 after acquiring an additional 102 shares during the last quarter. Brown Brothers Harriman & Co. grew its holdings in Stifel Financial by 15.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 811 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 106 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in Stifel Financial by 0.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 23,449 shares of the financial services provider’s stock valued at $2,936,000 after purchasing an additional 114 shares during the last quarter. Principal Securities Inc. raised its position in Stifel Financial by 6.9% in the 4th quarter. Principal Securities Inc. now owns 1,926 shares of the financial services provider’s stock worth $241,000 after purchasing an additional 124 shares during the period. Finally, Clark Capital Management Group Inc. raised its position in Stifel Financial by 3.8% in the 3rd quarter. Clark Capital Management Group Inc. now owns 3,642 shares of the financial services provider’s stock worth $413,000 after purchasing an additional 134 shares during the period. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Stifel Financial Price Performance

NYSE SF opened at $73.65 on Monday. The company has a market cap of $11.30 billion, a PE ratio of 14.33 and a beta of 1.00. The firm’s 50 day moving average price is $74.90 and its 200-day moving average price is $78.49. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 0.85. Stifel Financial Corporation has a 52-week low of $64.36 and a 52-week high of $89.83.

Stifel Financial (NYSE:SF) last issued its quarterly earnings data 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. The company had revenue of $1.44 billion during 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%. Stifel Financial’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.49 earnings per share. Sell-side analysts forecast that Stifel Financial Corporation will post 6.25 EPS for the current fiscal year.

Stifel Financial Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a $0.34 dividend. The ex-dividend date was Monday, June 1st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.8%. Stifel Financial’s dividend payout ratio (DPR) is currently 26.46%.

Analyst Ratings Changes

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