Stifel Financial Corporation $SF Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its holdings in shares of Stifel Financial Corporation (NYSE:SF) by 97.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 77,593 shares of the financial services provider’s stock after acquiring an additional 38,342 shares during the period. Thrivent Financial for Lutherans owned approximately 0.08% of Stifel Financial worth $9,716,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SF. Activest Wealth Management lifted its stake in shares of Stifel Financial by 12,000.0% in the 4th 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 during the period. Advisory Services Network LLC acquired a new position in shares of Stifel Financial in the 3rd quarter valued at $29,000. Pinnacle Holdings LLC acquired a new position in shares of Stifel Financial in the 3rd quarter valued at $32,000. Root Financial Partners LLC acquired a new position in shares of Stifel Financial in the 3rd quarter valued at $37,000. Finally, IAG Wealth Partners LLC acquired a new position in shares of Stifel Financial in the 3rd quarter valued at $39,000. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SF has been the subject of a number of research analyst reports. Weiss Ratings upgraded shares of Stifel Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Zacks Research cut shares of Stifel Financial from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 21st. UBS Group reduced their price objective on shares of Stifel Financial from $100.00 to $89.00 and set a “buy” rating for the company in a research report on Wednesday, April 8th. Finally, TD Cowen reduced their price objective on shares of Stifel Financial from $136.00 to $92.00 and set a “hold” rating for the company in a research report on Monday, March 23rd. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Stifel Financial has an average rating of “Moderate Buy” and a consensus target price of $91.15.

Stifel Financial Trading Down 2.0%

Shares of SF stock opened at $72.56 on Wednesday. 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 has a market cap of $11.13 billion, a PE ratio of 14.12 and a beta of 1.05. The company has a 50-day moving average of $75.17 and a two-hundred day moving average of $79.82. Stifel Financial Corporation has a 1-year low of $60.62 and a 1-year high of $89.83.

Stifel Financial (NYSE:SF) last announced its 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 during the quarter, compared to analyst estimates of $1.51 billion. Stifel Financial had a net margin of 15.34% and a return on equity of 18.76%. Stifel Financial’s revenue was up 17.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.49 earnings per share. On average, analysts predict that Stifel Financial Corporation will post 6.25 EPS for the current year.

Stifel Financial Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a $0.34 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.36 annualized dividend and a yield of 1.9%. Stifel Financial’s dividend payout ratio (DPR) is 26.46%.

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.