Assenagon Asset Management S.A. Has $9.37 Million Holdings in Stifel Financial Corporation $SF

Assenagon Asset Management S.A. increased its holdings in Stifel Financial Corporation (NYSE:SF) by 27.8% in the first quarter, HoldingsChannel reports. The firm owned 126,749 shares of the financial services provider’s stock after purchasing an additional 27,591 shares during the period. Assenagon Asset Management S.A.’s holdings in Stifel Financial were worth $9,369,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Brown Brothers Harriman & Co. lifted its position in shares of Stifel Financial by 15.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 811 shares of the financial services provider’s stock worth $102,000 after buying an additional 106 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Stifel Financial by 0.5% in 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 acquiring an additional 114 shares in the last quarter. Principal Securities Inc. raised its stake in shares of Stifel Financial by 6.9% in the 4th quarter. Principal Securities Inc. now owns 1,926 shares of the financial services provider’s stock valued at $241,000 after acquiring an additional 124 shares in the last quarter. Clark Capital Management Group Inc. boosted its holdings in shares of Stifel Financial by 3.8% during the 3rd quarter. Clark Capital Management Group Inc. now owns 3,642 shares of the financial services provider’s stock worth $413,000 after buying an additional 134 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Stifel Financial by 14.3% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,113 shares of the financial services provider’s stock worth $126,000 after buying an additional 139 shares during the period. 82.01% of the stock is owned by institutional investors and hedge funds.

Stifel Financial Stock Performance

Shares of NYSE SF opened at $69.37 on Monday. The business has a fifty day simple moving average of $74.20 and a 200 day simple moving average of $78.13. 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 firm has a market capitalization of $10.64 billion, a price-to-earnings ratio of 13.50 and a beta of 1.00. Stifel Financial Corporation has a one year low of $67.96 and a one year high of $89.83.

Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. The firm 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 was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.49 earnings per share. Sell-side analysts expect that Stifel Financial Corporation will post 6.25 EPS for the current year.

Stifel Financial Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Monday, June 1st. Stifel Financial’s payout ratio is 26.46%.

Wall Street Analyst Weigh In

Several research analysts recently commented on SF shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stifel Financial in a report on Friday, May 29th. UBS Group dropped their price objective on Stifel Financial from $100.00 to $89.00 and set a “buy” rating on the stock in a research note on Wednesday, April 8th. Zacks Research raised Stifel Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Finally, TD Cowen decreased their target price on Stifel Financial from $136.00 to $92.00 and set a “hold” rating for the company in a research note on Monday, March 23rd. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.