Pictet Asset Management Holding SA Grows Stock Holdings in Stifel Financial Corporation $SF

Pictet Asset Management Holding SA boosted its stake in shares of Stifel Financial Corporation (NYSE:SF) by 61.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,034 shares of the financial services provider’s stock after buying an additional 9,123 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Stifel Financial were worth $1,777,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its position in shares of Stifel Financial by 94.8% during the 4th quarter. AQR Capital Management LLC now owns 2,893,850 shares of the financial services provider’s stock valued at $362,368,000 after acquiring an additional 1,408,347 shares during the period. Norges Bank acquired a new stake in shares of Stifel Financial in the 4th quarter worth approximately $172,446,000. Ceredex Value Advisors LLC purchased a new position in Stifel Financial in the 3rd quarter valued at approximately $56,126,000. Marshall Wace LLP increased its stake in Stifel Financial by 50.9% in the 4th quarter. Marshall Wace LLP now owns 1,284,806 shares of the financial services provider’s stock valued at $160,883,000 after purchasing an additional 433,341 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in Stifel Financial by 13.8% during the third quarter. Wellington Management Group LLP now owns 3,451,787 shares of the financial services provider’s stock worth $391,674,000 after purchasing an additional 419,038 shares during the last quarter. 82.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SF. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday, May 29th. TD Cowen cut their price target 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. UBS Group decreased their price objective on shares of Stifel Financial from $100.00 to $89.00 and set a “buy” rating on the stock in a research report on Wednesday, April 8th. Finally, Zacks Research raised shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $91.15.

Stifel Financial Trading Down 0.1%

Shares of Stifel Financial stock opened at $73.12 on Monday. Stifel Financial Corporation has a 1 year low of $67.81 and a 1 year high of $89.83. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.80. The business has a 50 day moving average price of $73.23 and a 200 day moving average price of $77.60. The company has a market capitalization of $11.22 billion, a P/E ratio of 14.23 and a beta of 1.01.

Stifel Financial (NYSE:SF) last announced its earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Stifel Financial had a return on equity of 18.76% and a net margin of 15.34%.Stifel Financial’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.49 EPS. Sell-side analysts anticipate that Stifel Financial Corporation will post 6.25 EPS for the current fiscal year.

Stifel Financial Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors 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 dividend payout ratio (DPR) is presently 26.46%.

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.