Boothbay Fund Management LLC Grows Stock Position in Stifel Financial Corporation $SF

Boothbay Fund Management LLC lifted its stake in Stifel Financial Corporation (NYSE:SF) by 17.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 80,611 shares of the financial services provider’s stock after buying an additional 11,722 shares during the period. Boothbay Fund Management LLC’s holdings in Stifel Financial were worth $10,094,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Wellington Management Group LLP increased its holdings 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 valued at $391,674,000 after purchasing an additional 419,038 shares during the period. AQR Capital Management LLC increased its holdings in Stifel Financial by 94.8% during the 4th quarter. AQR Capital Management LLC now owns 2,893,850 shares of the financial services provider’s stock valued at $362,368,000 after purchasing an additional 1,408,347 shares during the period. Boston Partners increased its holdings in Stifel Financial by 2.0% during the 3rd quarter. Boston Partners now owns 2,371,880 shares of the financial services provider’s stock valued at $269,128,000 after purchasing an additional 45,631 shares during the period. Geode Capital Management LLC increased its holdings in Stifel Financial by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 1,844,635 shares of the financial services provider’s stock valued at $231,034,000 after purchasing an additional 17,008 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Stifel Financial by 6.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,725,806 shares of the financial services provider’s stock valued at $216,117,000 after purchasing an additional 99,485 shares during the period. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Stifel Financial Stock Performance

Stifel Financial stock opened at $73.47 on Thursday. The stock’s 50 day simple moving average is $74.97 and its two-hundred day simple moving average is $78.60. 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 $11.27 billion, a price-to-earnings ratio of 14.29 and a beta of 1.00. Stifel Financial Corporation has a fifty-two week low of $63.91 and a fifty-two week high of $89.83.

Stifel Financial (NYSE:SF) last posted 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 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 revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 EPS. As a group, analysts expect that Stifel Financial Corporation will post 6.25 earnings per share for the current fiscal year.

Stifel Financial Cuts Dividend

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

Analyst Ratings Changes

SF has been the topic of a number of research analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Stifel Financial in a report on Friday, May 29th. Zacks Research upgraded Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. UBS Group reduced their price target on Stifel Financial from $100.00 to $89.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. Finally, TD Cowen reduced their price target 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.15.

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.