Stifel Financial Corporation $SF Holdings Lifted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its stake in shares of Stifel Financial Corporation (NYSE:SF) by 51.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,616,616 shares of the financial services provider’s stock after acquiring an additional 890,810 shares during the period. Dimensional Fund Advisors LP’s holdings in Stifel Financial were worth $193,403,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in SF. Wellington Management Group LLP raised its position in shares of Stifel Financial by 13.8% in the third 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 lifted its holdings in shares of Stifel Financial by 94.8% during the fourth quarter. AQR Capital Management LLC now owns 2,893,850 shares of the financial services provider’s stock worth $362,368,000 after buying an additional 1,408,347 shares during the last quarter. Boston Partners boosted its holdings in Stifel Financial by 2.0% in 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 lifted its stake in shares of Stifel Financial by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,844,635 shares of the financial services provider’s stock valued at $231,034,000 after buying an additional 17,008 shares during the period. Finally, Invesco Ltd. raised its holdings in Stifel Financial by 4.8% in the 4th quarter. Invesco Ltd. now owns 1,428,245 shares of the financial services provider’s stock valued at $178,845,000 after acquiring an additional 64,963 shares in the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on Stifel Financial from $80.00 to $86.00 and gave the company a “neutral” rating in a research report on Thursday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday, May 29th. Zacks Research raised shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, UBS Group set a $90.00 target price on Stifel Financial in a research note on Thursday. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $91.67.

Stifel Financial Price Performance

NYSE SF opened at $80.70 on Friday. The firm’s 50 day moving average is $73.36 and its 200-day moving average is $76.83. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $12.38 billion, a PE ratio of 14.44 and a beta of 1.01. Stifel Financial Corporation has a 12-month low of $67.81 and a 12-month high of $89.83.

Stifel Financial (NYSE:SF) last issued its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.09. Stifel Financial had a net margin of 16.11% and a return on equity of 19.32%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the business earned $1.71 EPS. The company’s revenue was up 13.0% compared to the same quarter last year. Equities research analysts anticipate that Stifel Financial Corporation will post 6.2 earnings per share for the current fiscal year.

Stifel Financial Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.36 annualized dividend and a yield of 1.7%. Stifel Financial’s dividend payout ratio is 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.