Thrivent Financial for Lutherans Increases Stock Position in Stifel Financial Corporation $SF

Thrivent Financial for Lutherans lifted its holdings in shares of Stifel Financial Corporation (NYSE:SF) by 97.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 77,593 shares of the financial services provider’s stock after purchasing an additional 38,342 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Stifel Financial were worth $9,716,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of SF. Ceredex Value Advisors LLC acquired a new position in Stifel Financial during the 3rd quarter worth approximately $56,126,000. Wellington Management Group LLP lifted its position in Stifel Financial by 13.8% during the 3rd quarter. Wellington Management Group LLP now owns 3,451,787 shares of the financial services provider’s stock worth $391,674,000 after acquiring an additional 419,038 shares in the last quarter. UBS Group AG lifted its position in Stifel Financial by 206.9% during the 3rd quarter. UBS Group AG now owns 563,419 shares of the financial services provider’s stock worth $63,931,000 after acquiring an additional 379,817 shares in the last quarter. AQR Capital Management LLC lifted its position in Stifel Financial by 26.8% during the 3rd quarter. AQR Capital Management LLC now owns 1,485,503 shares of the financial services provider’s stock worth $168,560,000 after acquiring an additional 314,031 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its position in Stifel Financial by 130.9% during the 3rd quarter. Qube Research & Technologies Ltd now owns 315,092 shares of the financial services provider’s stock worth $35,753,000 after acquiring an additional 178,656 shares in the last quarter. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Zacks Research lowered Stifel Financial from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 21st. UBS Group dropped their price target on Stifel Financial from $100.00 to $89.00 and set a “buy” rating on the stock in a research report on Wednesday, April 8th. Weiss Ratings raised Stifel Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Finally, TD Cowen dropped their price target on Stifel Financial from $136.00 to $92.00 and set a “hold” rating on the stock in a research report on Monday, March 23rd. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $91.15.

Stifel Financial Trading Down 2.0%

NYSE:SF opened at $72.56 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 0.85. The stock has a market cap of $11.13 billion, a price-to-earnings ratio of 14.12 and a beta of 1.05. The business has a fifty day moving average of $75.17 and a 200-day moving average of $79.82. Stifel Financial Corporation has a 1 year low of $60.62 and a 1 year 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 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.06. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.51 billion. Stifel Financial had a return on equity of 18.76% and a net margin of 15.34%.The company’s revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 earnings per share. Equities analysts predict that Stifel Financial Corporation will post 6.25 earnings per share for the current year.

Stifel Financial Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, June 1st. Stifel Financial’s dividend payout ratio is currently 26.46%.

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.