BNP Paribas Financial Markets Has $48.81 Million Stake in Stifel Financial Corporation $SF

BNP Paribas Financial Markets boosted its position in shares of Stifel Financial Corporation (NYSE:SF) by 245.0% in the fourth quarter, Holdings Channel reports. The firm owned 389,794 shares of the financial services provider’s stock after purchasing an additional 276,806 shares during the period. BNP Paribas Financial Markets’ holdings in Stifel Financial were worth $48,810,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SF. Norges Bank acquired a new position in Stifel Financial during the fourth quarter valued at approximately $172,446,000. Ceredex Value Advisors LLC acquired a new position in Stifel Financial during the third quarter valued at approximately $56,126,000. Wellington Management Group LLP grew 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 valued at $391,674,000 after purchasing an additional 419,038 shares during the period. UBS Group AG grew its holdings in Stifel Financial by 206.9% during the third quarter. UBS Group AG now owns 563,419 shares of the financial services provider’s stock valued at $63,931,000 after purchasing an additional 379,817 shares during the period. Finally, AQR Capital Management LLC grew its holdings in Stifel Financial by 26.8% during the third quarter. AQR Capital Management LLC now owns 1,485,503 shares of the financial services provider’s stock valued at $168,560,000 after purchasing an additional 314,031 shares during the period. Institutional investors and hedge funds own 82.01% of the company’s stock.

Stifel Financial Stock Up 0.1%

Stifel Financial stock opened at $69.39 on Wednesday. The company has a 50 day moving average of $75.24 and a 200-day moving average of $79.29. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $10.64 billion, a PE ratio of 13.50 and a beta of 1.00. Stifel Financial Corporation has a twelve month low of $61.57 and a twelve month high of $89.83.

Stifel Financial (NYSE:SF) last announced its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.51 billion. Stifel Financial had a net margin of 15.34% and a return on equity of 18.76%. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 earnings per share. On average, equities research analysts anticipate that Stifel Financial Corporation will post 6.25 EPS for the current fiscal year.

Stifel Financial Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, June 1st. Stifel Financial’s payout ratio is currently 26.46%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Zacks Research upgraded shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Weiss Ratings restated a “buy (b-)” rating on shares of Stifel Financial in a report on Friday. UBS Group decreased their price objective on shares of Stifel Financial from $100.00 to $89.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. Finally, TD Cowen decreased their price objective on shares of Stifel Financial from $136.00 to $92.00 and set a “hold” rating for the company in a report on Monday, March 23rd. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $91.15.

About Stifel Financial

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.