Stifel Financial Corporation $SF Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC trimmed its position in shares of Stifel Financial Corporation (NYSE:SF) by 8.0% during the fourth quarter, HoldingsChannel reports. The fund owned 89,084 shares of the financial services provider’s stock after selling 7,778 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Stifel Financial were worth $10,491,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Parallel Advisors LLC increased its stake in shares of Stifel Financial by 7.3% during the fourth quarter. Parallel Advisors LLC now owns 3,209 shares of the financial services provider’s stock worth $402,000 after acquiring an additional 219 shares during the period. Avise Financial Cooperative Inc. acquired a new position in Stifel Financial during the fourth quarter worth about $372,000. Vise Technologies Inc. acquired a new position in Stifel Financial during the fourth quarter worth about $219,000. TD Asset Management Inc acquired a new position in Stifel Financial during the fourth quarter worth about $465,000. Finally, Lido Advisors LLC acquired a new position in Stifel Financial during the fourth quarter worth about $205,000. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on SF. Weiss Ratings restated a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday, May 29th. Zacks Research upgraded shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. UBS Group lowered their target price on shares of Stifel Financial from $100.00 to $89.00 and set a “buy” rating on the stock in a research report on Wednesday, April 8th. Finally, TD Cowen lowered their target price on shares of 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 investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.15.

Stifel Financial Stock Down 0.6%

Shares of NYSE SF opened at $70.32 on Tuesday. Stifel Financial Corporation has a 12-month low of $62.90 and a 12-month high of $89.83. The company has a market capitalization of $10.79 billion, a PE ratio of 13.68 and a beta of 1.00. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.80. The firm’s 50-day moving average is $75.07 and its two-hundred day moving average is $78.94.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.06. Stifel Financial had a net margin of 15.34% and a return on equity of 18.76%. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the firm earned $0.49 earnings per share. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. Equities analysts anticipate that Stifel Financial Corporation will post 6.25 EPS for the current fiscal year.

Stifel Financial Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a $0.34 dividend. 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 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.