Axa Reduces Holdings in Stifel (SF)

Axa decreased its holdings in Stifel (NYSE:SF) by 94.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,800 shares of the financial services provider’s stock after selling 144,400 shares during the period. Axa’s holdings in Stifel were worth $524,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Stifel in the fourth quarter worth $125,000. Cubist Systematic Strategies LLC acquired a new position in shares of Stifel in the third quarter worth $137,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Stifel by 47.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,796 shares of the financial services provider’s stock worth $226,000 after acquiring an additional 1,226 shares in the last quarter. Intrust Bank NA acquired a new position in shares of Stifel in the fourth quarter worth $231,000. Finally, Cornerstone Wealth Management LLC acquired a new position in shares of Stifel during the fourth quarter worth $236,000. Institutional investors and hedge funds own 86.00% of the company’s stock.

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In related news, Vice Chairman Ben A. Plotkin sold 9,012 shares of the business’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $63.30, for a total value of $570,459.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.60% of the stock is owned by insiders.

A number of equities analysts recently commented on the stock. Instinet upgraded shares of Stifel from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 3rd. Wells Fargo upgraded shares of Stifel from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $56.00 to $64.00 in a research note on Friday, December 1st. ValuEngine downgraded shares of Stifel from a “buy” rating to a “hold” rating in a research note on Friday. Nomura boosted their target price on shares of Stifel from $77.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Finally, Zacks Investment Research downgraded shares of Stifel from a “buy” rating to a “hold” rating in a research note on Friday, March 9th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $71.20.

Stifel stock opened at $56.74 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.62 and a current ratio of 0.69. The company has a market cap of $4,306.02, a price-to-earnings ratio of 26.51, a P/E/G ratio of 0.98 and a beta of 1.67. Stifel has a 12 month low of $41.93 and a 12 month high of $68.76.

Stifel (NYSE:SF) last issued its earnings results on Tuesday, January 30th. The financial services provider reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.55. Stifel had a net margin of 6.25% and a return on equity of 12.04%. The firm had revenue of $804.10 million during the quarter, compared to the consensus estimate of $745.44 million. During the same quarter in the previous year, the firm posted $0.68 earnings per share. The company’s revenue was up 21.6% compared to the same quarter last year. analysts expect that Stifel will post 5.1 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were given a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This is a boost from Stifel’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a yield of 0.85%. Stifel’s payout ratio is 22.43%.

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Stifel Company Profile

Stifel Financial Corp. is a financial holding company. Its principal subsidiary is Stifel, Nicolaus & Company, Incorporated, a retail and institutional wealth management and investment banking firm. It operates through three segments: Global Wealth Management, Institutional Group and Other. The Global Wealth Management segment consists of the Private Client Group and Stifel Bank businesses.

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Institutional Ownership by Quarter for Stifel (NYSE:SF)

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