Stifel Financial Corporation $SF Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lifted its position in shares of Stifel Financial Corporation (NYSE:SF) by 61.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,034 shares of the financial services provider’s stock after buying an additional 9,123 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Stifel Financial were worth $1,777,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Advisory Services Network LLC purchased a new position in shares of Stifel Financial during the third quarter valued at approximately $29,000. Activest Wealth Management grew its stake in Stifel Financial by 12,000.0% in the 4th quarter. Activest Wealth Management now owns 242 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 240 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Stifel Financial in the 4th quarter worth approximately $34,000. Cullen Frost Bankers Inc. acquired a new position in Stifel Financial in the 4th quarter valued at $50,000. Finally, BOKF NA raised its holdings in Stifel Financial by 1,626.9% in the 3rd quarter. BOKF NA now owns 449 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 423 shares during the last quarter. Institutional investors and hedge funds own 82.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. TD Cowen decreased their price objective on Stifel Financial from $136.00 to $92.00 and set a “hold” rating on the stock in a report on Monday, March 23rd. Zacks Research upgraded Stifel Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. UBS Group reduced their target price on Stifel Financial from $100.00 to $89.00 and set a “buy” rating on the stock in a research report on Wednesday, April 8th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Stifel Financial in a research note on Friday, May 29th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $91.15.

Stifel Financial Stock Performance

NYSE:SF opened at $73.12 on Monday. 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 company has a market cap of $11.22 billion, a P/E ratio of 14.23 and a beta of 1.01. Stifel Financial Corporation has a fifty-two week low of $67.81 and a fifty-two week high of $89.83. The firm’s 50 day moving average is $73.23 and its two-hundred day moving average is $77.60.

Stifel Financial (NYSE:SF) last announced its quarterly 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 company had revenue of $1.44 billion for 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 for the quarter was up 17.7% on a year-over-year basis. During the same quarter last year, the business earned $0.49 EPS. Analysts expect that Stifel Financial Corporation will post 6.25 EPS for the current year.

Stifel Financial Cuts Dividend

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