Wedge Capital Management L L P NC Has $2.27 Million Position in Stifel Financial Corporation $SF

by · The Markets Daily

Wedge Capital Management L L P NC reduced its stake in shares of Stifel Financial Corporation (NYSE:SF – Free Report) by 17.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 19,993 shares of the financial services provider’s stock after selling 4,241 shares during the period. Wedge Capital Management L L P NC’s holdings in Stifel Financial were worth $2,269,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Zurich Insurance Group Ltd FI bought a new position in Stifel Financial during the first quarter valued at approximately $1,386,000. OLD National Bancorp IN acquired a new position in shares of Stifel Financial during the 2nd quarter worth $243,000. Sequoia Financial Advisors LLC bought a new position in shares of Stifel Financial during the 2nd quarter valued at $606,000. Invesco Ltd. raised its holdings in shares of Stifel Financial by 12.9% during the 2nd quarter. Invesco Ltd. now owns 1,368,457 shares of the financial services provider’s stock valued at $142,018,000 after purchasing an additional 156,877 shares in the last quarter. Finally, United Services Automobile Association bought a new stake in Stifel Financial in the first quarter worth $628,000. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Stifel Financial Price Performance

SF opened at $128.29 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.84 and a quick ratio of 0.79. The stock has a market capitalization of $13.06 billion, a P/E ratio of 22.67 and a beta of 1.14. The company’s 50 day simple moving average is $120.91 and its 200-day simple moving average is $113.72. Stifel Financial Corporation has a one year low of $73.27 and a one year high of $133.08.

Stifel Financial (NYSE:SF – Get Free Report) last posted its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.06. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.33 billion. Stifel Financial had a return on equity of 14.95% and a net margin of 12.44%.The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.50 EPS. Sell-side analysts anticipate that Stifel Financial Corporation will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a dividend of $0.46 per share. The ex-dividend date was Monday, December 1st. This represents a $1.84 dividend on an annualized basis and a yield of 1.4%. Stifel Financial’s dividend payout ratio is presently 32.51%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SF. Citigroup reaffirmed an “outperform” rating on shares of Stifel Financial in a research report on Thursday, October 9th. BMO Capital Markets began coverage on shares of Stifel Financial in a research note on Friday, October 3rd. They issued a “market perform” rating and a $121.00 price objective for the company. Cowen upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, October 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Stifel Financial in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Stifel Financial from $125.00 to $133.00 and gave the company a “neutral” rating in a report on Thursday, October 23rd. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $127.40.

Read Our Latest Stock Analysis on SF

Stifel Financial Company Profile

(Free Report)

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.

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