Geode Capital Management LLC Has $231.03 Million Holdings in Stifel Financial Corporation $SF

Geode Capital Management LLC raised its position in Stifel Financial Corporation (NYSE:SF) by 0.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,844,635 shares of the financial services provider’s stock after acquiring an additional 17,008 shares during the period. Geode Capital Management LLC’s holdings in Stifel Financial were worth $231,034,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in SF. Advisory Services Network LLC acquired a new stake in Stifel Financial in the third quarter valued at approximately $29,000. Activest Wealth Management grew its stake in Stifel Financial by 12,000.0% in the fourth quarter. Activest Wealth Management now owns 242 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 240 shares during the period. Pinnacle Holdings LLC acquired a new stake in Stifel Financial in the third quarter valued at approximately $32,000. IAG Wealth Partners LLC acquired a new stake in Stifel Financial in the third quarter valued at approximately $39,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in Stifel Financial in the fourth quarter valued at approximately $50,000. Institutional investors and hedge funds own 82.01% of the company’s stock.

Analyst Ratings Changes

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

Stifel Financial Stock Up 0.1%

Shares of NYSE:SF opened at $69.39 on Wednesday. The stock has a market cap of $10.64 billion, a price-to-earnings ratio of 13.50 and a beta of 1.00. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.29. Stifel Financial Corporation has a 12-month low of $61.57 and a 12-month high of $89.83. The business’s 50 day moving average is $75.24 and its 200 day moving average is $79.29.

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

Stifel Financial Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.36 annualized dividend and a dividend yield of 2.0%. Stifel Financial’s payout ratio is presently 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.