Janus Henderson Group PLC Buys 22,800 Shares of Stifel Financial Corporation $SF

Janus Henderson Group PLC lifted its stake in shares of Stifel Financial Corporation (NYSE:SF) by 50.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 68,400 shares of the financial services provider’s stock after buying an additional 22,800 shares during the period. Janus Henderson Group PLC’s holdings in Stifel Financial were worth $5,059,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Wellington Management Group LLP boosted 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 worth $391,674,000 after acquiring an additional 419,038 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Stifel Financial by 94.8% in the fourth 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 last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Stifel Financial by 51.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,616,616 shares of the financial services provider’s stock valued at $193,403,000 after purchasing an additional 890,810 shares during the last quarter. Boston Partners lifted its position in shares of Stifel Financial by 2.0% during the third 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 in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Stifel Financial by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 1,844,635 shares of the financial services provider’s stock worth $231,034,000 after purchasing an additional 17,008 shares during the last quarter. 82.01% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Stifel Financial

In other Stifel Financial news, Director Maryam S. Brown sold 4,700 shares of the firm’s stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $79.20, for a total value of $372,240.00. Following the completion of the sale, the director directly owned 5,729 shares of the company’s stock, valued at $453,736.80. This trade represents a 45.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.36% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

SF has been the subject of a number of recent analyst reports. UBS Group set a $90.00 price objective on shares of Stifel Financial in a research report on Thursday, July 23rd. JPMorgan Chase & Co. boosted their target price on Stifel Financial from $80.00 to $86.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stifel Financial in a report on Friday, May 29th. Wall Street Zen raised Stifel Financial from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Finally, Zacks Research upgraded Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $91.90.

Stifel Financial Stock Performance

Shares of SF stock opened at $83.50 on Friday. 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 firm has a market cap of $12.81 billion, a price-to-earnings ratio of 14.95 and a beta of 0.99. Stifel Financial Corporation has a 52 week low of $67.81 and a 52 week high of $89.83. The firm’s 50-day simple moving average is $75.35 and its two-hundred day simple moving average is $76.52.

Stifel Financial (NYSE:SF) last released its earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.09. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. Stifel Financial had a net margin of 16.11% and a return on equity of 19.32%. The company’s revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.71 EPS. As a group, equities analysts forecast that Stifel Financial Corporation will post 6.36 earnings per share for the current year.

Stifel Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 1st. Stifel Financial’s dividend payout ratio is 24.33%.

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.