FJ Capital Management LLC Buys 32,519 Shares of Stifel Financial Corporation $SF

FJ Capital Management LLC grew its stake in shares of Stifel Financial Corporation (NYSE:SF) by 125.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 58,497 shares of the financial services provider’s stock after acquiring an additional 32,519 shares during the quarter. Stifel Financial comprises approximately 0.8% of FJ Capital Management LLC’s investment portfolio, making the stock its 28th largest position. FJ Capital Management LLC’s holdings in Stifel Financial were worth $7,325,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Advisory Services Network LLC bought a new position in shares of Stifel Financial during the 3rd quarter valued at about $29,000. Activest Wealth Management lifted its holdings in shares of Stifel Financial by 12,000.0% during the 4th quarter. Activest Wealth Management now owns 242 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 240 shares in the last quarter. Pinnacle Holdings LLC bought a new position in shares of Stifel Financial during the 3rd quarter valued at about $32,000. IAG Wealth Partners LLC bought a new position in shares of Stifel Financial during the 3rd quarter valued at about $39,000. Finally, Cullen Frost Bankers Inc. bought a new position in shares of Stifel Financial during the 4th quarter valued at about $50,000. Institutional investors own 82.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SF. UBS Group cut their price objective on Stifel Financial from $100.00 to $89.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. Zacks Research upgraded Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stifel Financial in a report on Friday, May 29th. Finally, TD Cowen cut their price objective on Stifel Financial from $136.00 to $92.00 and set a “hold” rating on the stock in a report on Monday, March 23rd. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $91.15.

Stifel Financial Trading Up 1.7%

NYSE SF opened at $72.60 on Friday. The stock has a market capitalization of $11.14 billion, a price-to-earnings ratio of 14.13 and a beta of 1.00. The stock’s 50 day moving average price is $74.98 and its two-hundred day moving average price is $78.75. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 0.85. Stifel Financial Corporation has a 52 week low of $62.90 and a 52 week high of $89.83.

Stifel Financial (NYSE:SF) last released its earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.39 by $0.06. The firm had revenue of $1.44 billion for 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 quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.49 EPS. As a group, analysts anticipate that Stifel Financial Corporation will post 6.25 earnings per share for the current fiscal year.

Stifel Financial Cuts Dividend

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

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.