American Trust grew its holdings in shares of Stifel Financial Corp. (NYSE:SF – Get Rating) by 40.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,386 shares of the financial services provider's stock after purchasing an additional 1,270 shares during the period. American Trust's holdings in Stifel Financial were worth $298,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of SF. CENTRAL TRUST Co increased its holdings in shares of Stifel Financial by 49.8% in the 1st quarter. CENTRAL TRUST Co now owns 749 shares of the financial services provider's stock worth $51,000 after acquiring an additional 249 shares during the period. Maverick Capital Ltd. acquired a new stake in shares of Stifel Financial in the 4th quarter worth about $92,000. Rockefeller Capital Management L.P. increased its holdings in shares of Stifel Financial by 30.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,509 shares of the financial services provider's stock worth $106,000 after acquiring an additional 350 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Stifel Financial in the 4th quarter worth about $111,000. Finally, US Asset Management LLC acquired a new stake in shares of Stifel Financial in the 1st quarter worth about $181,000. 84.77% of the stock is owned by institutional investors and hedge funds.
Get Stifel Financial alerts:Stifel Financial Stock Performance
Shares of SF opened at $58.62 on Monday. The firm has a 50-day moving average price of $60.12 and a 200 day moving average price of $62.06. The firm has a market capitalization of $6.22 billion, a PE ratio of 9.25 and a beta of 1.25. The company has a quick ratio of 0.77, a current ratio of 0.81 and a debt-to-equity ratio of 0.34. Stifel Financial Corp. has a 52-week low of $52.55 and a 52-week high of $83.28.
Stifel Financial (NYSE:SF – Get Rating) last announced its earnings results on Wednesday, July 27th. The financial services provider reported $1.40 earnings per share (EPS) for the quarter. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.18 billion. Stifel Financial had a net margin of 16.86% and a return on equity of 19.42%. Stifel Financial's revenue was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.70 EPS.Stifel Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $1.20 annualized dividend and a dividend yield of 2.05%. Stifel Financial's dividend payout ratio (DPR) is 18.93%.
Analyst Ratings Changes
Separately, JMP Securities decreased their target price on shares of Stifel Financial from $103.00 to $100.00 and set an "outperform" rating for the company in a research report on Tuesday, July 12th.
Stifel Financial Company Profile
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Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States, the United Kingdom, the rest of Europe, and Canada.
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