Acadian Asset Management LLC Sells 26,776 Shares of Stifel Financial Corporation $SF

Acadian Asset Management LLC lessened its stake in shares of Stifel Financial Corporation (NYSE:SF) by 40.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,952 shares of the financial services provider’s stock after selling 26,776 shares during the period. Acadian Asset Management LLC’s holdings in Stifel Financial were worth $4,040,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Allworth Financial LP grew its stake in 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 buying an additional 136 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in Stifel Financial by 5,528.6% during the second quarter. Hantz Financial Services Inc. now owns 394 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 387 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in Stifel Financial by 40.8% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 466 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 135 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Stifel Financial in the first quarter valued at about $68,000. Finally, Quarry LP increased its stake in shares of Stifel Financial by 151.9% in the first quarter. Quarry LP now owns 1,156 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 697 shares during the period. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on SF shares. Stifel Nicolaus set a $131.00 price objective on Stifel Financial in a research report on Wednesday, October 8th. JMP Securities increased their price objective on Stifel Financial from $130.00 to $135.00 and gave the company a “market outperform” rating in a research report on Thursday, October 9th. Wall Street Zen upgraded shares of Stifel Financial from a “sell” rating to a “hold” rating in a research note on Sunday, August 3rd. TD Cowen raised shares of Stifel Financial from a “hold” rating to a “buy” rating and boosted their target price for the stock from $118.00 to $131.00 in a research report on Wednesday, October 8th. Finally, Citigroup reiterated an “outperform” rating on shares of Stifel Financial in a research note on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Stifel Financial presently has an average rating of “Moderate Buy” and an average price target of $125.90.

Stifel Financial Stock Performance

Shares of NYSE SF opened at $121.98 on Friday. The firm has a market capitalization of $12.42 billion, a price-to-earnings ratio of 21.55 and a beta of 1.19. Stifel Financial Corporation has a one year low of $73.27 and a one year high of $125.73. The business has a fifty day simple moving average of $114.93 and a 200 day simple moving average of $107.57. 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 (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 firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the previous year, the firm posted $1.50 EPS. The business’s revenue for the quarter was up 16.7% on a year-over-year basis. Sell-side analysts expect that Stifel Financial Corporation will post 8.26 EPS for the current year.

Stifel Financial Dividend Announcement

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

About Stifel Financial

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.