Heartland Advisors Inc. Has $9.92 Million Stake in Stifel Financial Corporation $SF

Heartland Advisors Inc. boosted its stake in Stifel Financial Corporation (NYSE:SF) by 56.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 134,153 shares of the financial services provider’s stock after acquiring an additional 48,346 shares during the quarter. Heartland Advisors Inc.’s holdings in Stifel Financial were worth $9,917,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. increased its holdings in Stifel Financial by 15.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 811 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 106 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Stifel Financial by 0.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 23,449 shares of the financial services provider’s stock valued at $2,936,000 after purchasing an additional 114 shares in the last quarter. Principal Securities Inc. lifted its holdings in shares of Stifel Financial by 6.9% in the fourth quarter. Principal Securities Inc. now owns 1,926 shares of the financial services provider’s stock valued at $241,000 after purchasing an additional 124 shares in the last quarter. Clark Capital Management Group Inc. boosted its position in shares of Stifel Financial by 3.8% during the third quarter. Clark Capital Management Group Inc. now owns 3,642 shares of the financial services provider’s stock worth $413,000 after buying an additional 134 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its position in shares of Stifel Financial by 1.8% during the fourth quarter. Crossmark Global Holdings Inc. now owns 7,811 shares of the financial services provider’s stock worth $978,000 after buying an additional 140 shares during the period. 82.01% of the stock is owned by institutional investors and hedge funds.

Stifel Financial Price Performance

Shares of SF opened at $77.29 on Friday. The company’s 50-day moving average is $72.94 and its 200-day moving average is $77.02. 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 firm has a market capitalization of $11.86 billion, a PE ratio of 15.04 and a beta of 1.01. Stifel Financial Corporation has a fifty-two week low of $67.81 and a fifty-two week high of $89.83.

Stifel Financial (NYSE:SF) last issued its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. The company had revenue of $1.44 billion during 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%.The business’s revenue was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.49 earnings per share. Equities analysts forecast that Stifel Financial Corporation will post 6.22 EPS for the current year.

Stifel Financial Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued 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 1.8%. Stifel Financial’s dividend payout ratio (DPR) is currently 26.46%.

Analyst Ratings Changes

A number of brokerages recently issued reports on SF. UBS Group reissued a “buy” rating and issued a $86.00 target price (down from $89.00) on shares of Stifel Financial in a research report on Wednesday, July 8th. TD Cowen reduced their target price 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. Zacks Research upgraded shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Stifel Financial in a report on Friday, May 29th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $91.75.

Stifel Financial Company 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.