28,576 Shares in Stifel Financial Corporation $SF Bought by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC bought a new position in shares of Stifel Financial Corporation (NYSE:SF) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 28,576 shares of the financial services provider’s stock, valued at approximately $3,578,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Wellington Management Group LLP increased its stake in Stifel Financial by 13.8% in the third quarter. Wellington Management Group LLP now owns 3,451,787 shares of the financial services provider’s stock valued at $391,674,000 after purchasing an additional 419,038 shares in the last quarter. Boston Partners grew its holdings in shares of Stifel Financial by 2.0% during the third 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 during the last quarter. Geode Capital Management LLC grew its holdings in shares of Stifel Financial by 0.9% during 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 buying an additional 17,008 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Stifel Financial by 26.8% during the third 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 during the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Stifel Financial by 3.0% during the third quarter. Bank of America Corp DE now owns 1,132,314 shares of the financial services provider’s stock valued at $128,484,000 after buying an additional 33,172 shares during the last quarter. 82.01% of the stock is owned by institutional investors.

Stifel Financial Stock Down 0.3%

SF opened at $70.16 on Friday. 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 has a market cap of $10.76 billion, a price-to-earnings ratio of 13.65 and a beta of 1.05. Stifel Financial Corporation has a twelve month low of $61.21 and a twelve month high of $89.83. The company’s 50-day moving average price is $75.26 and its two-hundred day moving average price is $79.39.

Stifel Financial (NYSE:SF) last released its earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Stifel Financial had a net margin of 15.34% and a return on equity of 18.76%. The company’s quarterly revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.49 earnings per share. As a group, equities analysts expect that Stifel Financial Corporation will post 6.25 earnings per share for the current year.

Stifel Financial Cuts Dividend

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

Wall Street Analysts Forecast Growth

SF has been the subject of a number of analyst reports. 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 report on Monday, March 23rd. Weiss Ratings upgraded shares of Stifel Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Zacks Research upgraded shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, 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 report on Wednesday, April 8th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Stifel Financial currently has an average rating of “Moderate Buy” and an average 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.