SG Americas Securities LLC Grows Stock Position in Stifel Financial Corporation $SF

SG Americas Securities LLC increased its stake in Stifel Financial Corporation (NYSE:SF) by 136.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 296,572 shares of the financial services provider’s stock after acquiring an additional 171,308 shares during the period. SG Americas Securities LLC owned about 0.19% of Stifel Financial worth $21,923,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Evolve Private Wealth LLC lifted its position in Stifel Financial by 47.7% in the first quarter. Evolve Private Wealth LLC now owns 62,285 shares of the financial services provider’s stock valued at $4,604,000 after purchasing an additional 20,105 shares during the last quarter. Polianta Ltd purchased a new stake in shares of Stifel Financial during the first quarter valued at approximately $1,522,000. Rockefeller Capital Management L.P. grew its holdings in shares of Stifel Financial by 22.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 9,996 shares of the financial services provider’s stock worth $1,252,000 after purchasing an additional 1,836 shares during the last quarter. Bank of New Hampshire increased its stake in shares of Stifel Financial by 1.6% in the fourth quarter. Bank of New Hampshire now owns 10,010 shares of the financial services provider’s stock worth $1,253,000 after buying an additional 157 shares during the period. Finally, Corient Private Wealth LLC increased its stake in shares of Stifel Financial by 35.4% in the fourth quarter. Corient Private Wealth LLC now owns 15,116 shares of the financial services provider’s stock worth $1,893,000 after buying an additional 3,953 shares during the period. 82.01% of the stock is currently owned by institutional investors.

Stifel Financial Stock Performance

Shares of SF stock opened at $72.86 on Thursday. The stock has a fifty day moving average of $74.63 and a 200 day moving average of $78.32. Stifel Financial Corporation has a 52 week low of $67.02 and a 52 week high of $89.83. The firm has a market capitalization of $11.18 billion, a price-to-earnings ratio of 14.17 and a beta of 1.00. 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 (NYSE:SF) last released its quarterly 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 analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.49 earnings per share. As a group, research analysts expect that Stifel Financial Corporation will post 6.25 earnings per share for the current year.

Stifel Financial Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a dividend of $0.34 per share. 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 1.9%. Stifel Financial’s payout ratio is presently 26.46%.

Wall Street Analysts Forecast Growth

SF has been the subject of several analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday, May 29th. Zacks Research upgraded shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. TD Cowen lowered 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. Finally, UBS Group dropped 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 research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Stifel Financial has an average rating of “Moderate Buy” and an average target price of $91.15.

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.