Riverwater Partners LLC Takes Position in Stifel Financial Corporation $SF

Riverwater Partners LLC bought a new stake in Stifel Financial Corporation (NYSE:SF) in the third quarter, Holdings Channel.com reports. The institutional investor bought 8,676 shares of the financial services provider’s stock, valued at approximately $984,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. OLD National Bancorp IN purchased a new stake in Stifel Financial in the 2nd quarter valued at about $243,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Stifel Financial during the 2nd quarter worth approximately $606,000. AEGON ASSET MANAGEMENT UK Plc raised its holdings in shares of Stifel Financial by 32.2% in the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 184,047 shares of the financial services provider’s stock worth $20,876,000 after purchasing an additional 44,844 shares during the period. Invesco Ltd. grew its holdings in Stifel Financial by 12.9% during the second quarter. Invesco Ltd. now owns 1,368,457 shares of the financial services provider’s stock valued at $142,018,000 after purchasing an additional 156,877 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new stake in Stifel Financial in the third quarter worth $35,576,000. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Stock Up 0.4%

SF stock opened at $128.76 on Tuesday. The company’s 50 day moving average is $126.41 and its 200 day moving average is $118.33. The stock has a market cap of $13.11 billion, a price-to-earnings ratio of 22.75 and a beta of 1.13. The company has a current ratio of 0.84, a quick ratio of 0.79 and a debt-to-equity ratio of 0.28. Stifel Financial Corporation has a 1-year low of $73.27 and a 1-year high of $134.74.

Stifel Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a $0.46 dividend. The ex-dividend date was Monday, December 1st. This represents a $1.84 annualized dividend and a yield of 1.4%. Stifel Financial’s payout ratio is 32.51%.

Analyst Ratings Changes

SF has been the subject of several recent research reports. Zacks Research lowered Stifel Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. BMO Capital Markets began coverage on shares of Stifel Financial in a report on Friday, October 3rd. They set a “market perform” rating and a $121.00 target price on the stock. JPMorgan Chase & Co. raised their price target on Stifel Financial from $133.00 to $136.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Citigroup reiterated an “outperform” rating on shares of Stifel Financial in a research report on Monday, January 12th. Finally, TD Cowen downgraded Stifel Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, January 14th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.18.

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.