Stifel Financial Corporation $SF Holdings Cut by Kennedy Capital Management LLC

Kennedy Capital Management LLC trimmed its stake in shares of Stifel Financial Corporation (NYSE:SF) by 2.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 384,332 shares of the financial services provider’s stock after selling 11,000 shares during the quarter. Stifel Financial makes up 1.0% of Kennedy Capital Management LLC’s investment portfolio, making the stock its 5th largest position. Kennedy Capital Management LLC’s holdings in Stifel Financial were worth $48,126,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SF. Advisory Services Network LLC purchased a new position in Stifel Financial during the third quarter valued at $29,000. Activest Wealth Management lifted its holdings in Stifel Financial by 12,000.0% during the fourth 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 purchased a new position in Stifel Financial during the third quarter valued at $32,000. IAG Wealth Partners LLC purchased a new position in Stifel Financial during the third quarter valued at $39,000. Finally, Cullen Frost Bankers Inc. purchased a new position in Stifel Financial during the fourth quarter valued at $50,000. 82.01% of the stock is owned by hedge funds and other institutional investors.

Stifel Financial Stock Performance

NYSE:SF opened at $72.60 on Friday. The company’s 50-day moving average price is $74.98 and its 200-day moving average price is $78.75. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The company has a market cap of $11.14 billion, a P/E ratio of 14.13 and a beta of 1.00. Stifel Financial Corporation has a twelve month low of $62.90 and a twelve month high of $89.83.

Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.06. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.51 billion. Stifel Financial had a net margin of 15.34% and a return on equity of 18.76%. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period last year, the firm posted $0.49 earnings per share. On average, sell-side analysts forecast that Stifel Financial Corporation will post 6.25 earnings per share 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. Stockholders of record on Monday, June 1st will be paid 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 (DPR) is currently 26.46%.

Analyst Upgrades and Downgrades

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

Stifel Financial 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.