Evolve Private Wealth LLC Acquires New Holdings in Stifel Financial Corporation $SF

Evolve Private Wealth LLC bought a new stake in Stifel Financial Corporation (NYSE:SF) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 42,180 shares of the financial services provider’s stock, valued at approximately $5,282,000.

Several other hedge funds also recently bought and sold shares of the stock. Wellington Management Group LLP lifted its holdings in shares of Stifel Financial by 13.8% in 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 increased its holdings in Stifel Financial by 94.8% in the 4th 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. Boston Partners increased 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 last quarter. Geode Capital Management LLC raised its position in 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 purchasing an additional 17,008 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Stifel Financial by 6.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,725,806 shares of the financial services provider’s stock worth $216,117,000 after purchasing an additional 99,485 shares in the last quarter. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Stifel Financial Stock Down 1.1%

Shares of NYSE SF opened at $73.47 on Thursday. The stock has a market cap of $11.27 billion, a P/E ratio of 14.29 and a beta of 1.00. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. Stifel Financial Corporation has a 12-month low of $63.91 and a 12-month high of $89.83. The business’s fifty day simple moving average is $74.97 and its 200-day simple moving average is $78.60.

Stifel Financial (NYSE:SF) last issued 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 company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.51 billion. Stifel Financial had a return on equity of 18.76% and a net margin of 15.34%.Stifel Financial’s revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.49 EPS. As a group, equities analysts predict that Stifel Financial Corporation will post 6.25 EPS for the current fiscal year.

Stifel Financial Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Monday, June 1st. Stifel Financial’s dividend payout ratio is presently 26.46%.

Wall Street Analyst Weigh In

SF has been the subject of a number of research reports. UBS Group dropped their price objective on Stifel Financial from $100.00 to $89.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. Zacks Research upgraded Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. TD Cowen dropped their target price on Stifel Financial from $136.00 to $92.00 and set a “hold” rating for the company in a research report on Monday, March 23rd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Stifel Financial in a research note on Friday, May 29th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.15.

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.