International Assets Investment Management LLC Takes Position in Stifel Financial Corp. (NYSE:SF)

International Assets Investment Management LLC acquired a new stake in Stifel Financial Corp. (NYSE:SF) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,005 shares of the financial services provider’s stock, valued at approximately $139,000.

A number of other hedge funds have also made changes to their positions in the business. Earnest Partners LLC grew its stake in Stifel Financial by 0.3% during the 3rd quarter. Earnest Partners LLC now owns 2,802,275 shares of the financial services provider’s stock worth $172,172,000 after buying an additional 8,198 shares during the last quarter. FMR LLC grew its stake in Stifel Financial by 187.4% during the 3rd quarter. FMR LLC now owns 2,220,791 shares of the financial services provider’s stock worth $136,445,000 after buying an additional 1,448,068 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Stifel Financial by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,201,432 shares of the financial services provider’s stock worth $73,816,000 after buying an additional 38,575 shares during the last quarter. Principal Financial Group Inc. grew its stake in Stifel Financial by 77.9% during the 3rd quarter. Principal Financial Group Inc. now owns 1,183,721 shares of the financial services provider’s stock worth $72,728,000 after buying an additional 518,163 shares during the last quarter. Finally, Channing Capital Management LLC grew its stake in Stifel Financial by 5.0% during the 3rd quarter. Channing Capital Management LLC now owns 992,163 shares of the financial services provider’s stock worth $60,958,000 after buying an additional 46,902 shares during the last quarter. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SF. Citigroup raised their price target on Stifel Financial from $74.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. UBS Group lifted their target price on Stifel Financial from $74.00 to $78.00 and gave the company a “neutral” rating in a research note on Monday, January 29th. JMP Securities reiterated a “market outperform” rating and issued a $88.00 target price on shares of Stifel Financial in a research note on Tuesday, April 9th. StockNews.com upgraded Stifel Financial from a “buy” rating to a “strong-buy” rating in a research note on Friday. Finally, TD Cowen lifted their target price on Stifel Financial from $86.50 to $92.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $84.50.

Stifel Financial Stock Up 2.2 %

SF opened at $80.80 on Tuesday. The business’s fifty day moving average is $76.07 and its two-hundred day moving average is $69.65. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.79 and a current ratio of 0.82. The company has a market cap of $8.31 billion, a price-to-earnings ratio of 18.36 and a beta of 1.18. Stifel Financial Corp. has a one year low of $54.81 and a one year high of $80.86.

Stifel Financial (NYSE:SF) last issued its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.13). Stifel Financial had a net margin of 11.34% and a return on equity of 12.39%. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the company earned $1.40 earnings per share. The firm’s revenue was up 5.1% compared to the same quarter last year. Analysts anticipate that Stifel Financial Corp. will post 7.04 EPS for the current fiscal year.

Stifel Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $0.42 dividend. This is an increase from Stifel Financial’s previous quarterly dividend of $0.36. This represents a $1.68 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend was Thursday, February 29th. Stifel Financial’s dividend payout ratio is currently 38.18%.

Insider Activity

In related news, SVP Thomas B. Michaud sold 25,421 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $74.26, for a total value of $1,887,763.46. Following the completion of the transaction, the senior vice president now directly owns 90,055 shares in the company, valued at $6,687,484.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Victor Nesi sold 36,000 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $75.37, for a total value of $2,713,320.00. Following the completion of the transaction, the insider now directly owns 54,732 shares in the company, valued at $4,125,150.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Thomas B. Michaud sold 25,421 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $74.26, for a total value of $1,887,763.46. Following the completion of the transaction, the senior vice president now owns 90,055 shares of the company’s stock, valued at $6,687,484.30. The disclosure for this sale can be found here. Company insiders own 3.52% of the company’s stock.

Stifel Financial Company Profile

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.