Alberta Investment Management Corp Takes Position in Stifel Financial Corporation $SF

Alberta Investment Management Corp acquired a new stake in Stifel Financial Corporation (NYSE:SF) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 146,000 shares of the financial services provider’s stock, valued at approximately $18,282,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in 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 valued at $391,674,000 after buying an additional 419,038 shares in the last quarter. Boston Partners increased its position 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 buying an additional 45,631 shares in the last quarter. Geode Capital Management LLC increased its position in Stifel Financial by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 1,844,635 shares of the financial services provider’s stock valued at $231,034,000 after buying an additional 17,008 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Stifel Financial by 6.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,725,806 shares of the financial services provider’s stock valued at $216,117,000 after buying an additional 99,485 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in Stifel Financial by 26.8% in the 3rd quarter. AQR Capital Management LLC now owns 1,485,503 shares of the financial services provider’s stock valued at $168,560,000 after buying an additional 314,031 shares in the last quarter. 82.01% of the stock is owned by institutional investors.

Stifel Financial Price Performance

Shares of NYSE SF opened at $73.25 on Tuesday. Stifel Financial Corporation has a twelve month low of $63.73 and a twelve month high of $89.83. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.29. The stock’s 50 day moving average price is $74.96 and its 200-day moving average price is $78.70. The company has a market capitalization of $11.24 billion, a PE ratio of 14.25 and a beta of 1.00.

Stifel Financial (NYSE:SF) last posted its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.39 by $0.06. Stifel Financial had a return on equity of 18.76% and a net margin of 15.34%.The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the business earned $0.49 earnings per share. Stifel Financial’s revenue for the quarter was up 17.7% on a year-over-year basis. On average, equities analysts anticipate that Stifel Financial Corporation will post 6.25 EPS for the current year.

Stifel Financial Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. TD Cowen decreased 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. UBS Group decreased their target price on Stifel Financial from $100.00 to $89.00 and set a “buy” rating for the company in a research report on Wednesday, April 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday, May 29th. Finally, Zacks Research raised Stifel Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Stifel Financial currently has an average rating of “Moderate Buy” and a consensus price target 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.