AGF Management Ltd. Has $11.23 Million Stock Position in Stifel Financial Corporation $SF

AGF Management Ltd. decreased its stake in Stifel Financial Corporation (NYSE:SF) by 4.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,179 shares of the financial services provider’s stock after selling 4,650 shares during the quarter. AGF Management Ltd. owned approximately 0.11% of Stifel Financial worth $11,227,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SF. Allworth Financial LP boosted its stake in shares of Stifel Financial by 67.7% in the 1st quarter. Allworth Financial LP now owns 337 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 136 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in Stifel Financial by 5,528.6% during the 2nd quarter. Hantz Financial Services Inc. now owns 394 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 387 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Stifel Financial by 40.8% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 466 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 135 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Stifel Financial in the first quarter valued at about $68,000. Finally, Quarry LP grew its stake in Stifel Financial by 151.9% during the first quarter. Quarry LP now owns 1,156 shares of the financial services provider’s stock worth $109,000 after buying an additional 697 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on SF shares. Zacks Research upgraded Stifel Financial from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. UBS Group set a $135.00 price target on Stifel Financial in a report on Thursday, October 9th. Wall Street Zen upgraded shares of Stifel Financial from a “sell” rating to a “hold” rating in a research report on Sunday, August 3rd. BMO Capital Markets initiated coverage on shares of Stifel Financial in a research report on Friday, October 3rd. They issued a “market perform” rating and a $121.00 price objective for the company. Finally, Stifel Nicolaus set a $131.00 target price on shares of Stifel Financial in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Stifel Financial presently has an average rating of “Moderate Buy” and an average target price of $125.90.

Stifel Financial Trading Up 1.3%

NYSE SF opened at $121.68 on Friday. The stock has a 50-day simple moving average of $114.27 and a 200 day simple moving average of $106.66. The company has a market capitalization of $12.39 billion, a PE ratio of 21.50 and a beta of 1.19. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28. Stifel Financial Corporation has a 12 month low of $73.27 and a 12 month high of $121.74.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.06. Stifel Financial had a net margin of 12.44% and a return on equity of 15.06%. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the previous year, the business earned $1.50 EPS. The firm’s revenue was up 16.7% on a year-over-year basis. Research analysts forecast that Stifel Financial Corporation will post 8.26 EPS for the current year.

Stifel Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, December 1st. Stifel Financial’s payout ratio is currently 32.51%.

Stifel Financial 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.