New Age Alpha Advisors LLC Acquires 15,470 Shares of Stifel Financial Corporation $SF

New Age Alpha Advisors LLC lifted its position in Stifel Financial Corporation (NYSE:SF) by 38.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,946 shares of the financial services provider’s stock after buying an additional 15,470 shares during the quarter. New Age Alpha Advisors LLC owned approximately 0.05% of Stifel Financial worth $7,006,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AEGON ASSET MANAGEMENT UK Plc lifted its holdings in shares of Stifel Financial by 32.2% in the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 184,047 shares of the financial services provider’s stock worth $20,876,000 after buying an additional 44,844 shares in the last quarter. Algebris UK Ltd. lifted its holdings in shares of Stifel Financial by 136.8% in the third quarter. Algebris UK Ltd. now owns 246,198 shares of the financial services provider’s stock worth $27,915,000 after buying an additional 142,223 shares in the last quarter. Riverwater Partners LLC purchased a new stake in shares of Stifel Financial in the third quarter worth about $984,000. Horizon Investments LLC lifted its holdings in shares of Stifel Financial by 146.7% in the fourth quarter. Horizon Investments LLC now owns 63,089 shares of the financial services provider’s stock worth $7,900,000 after buying an additional 37,516 shares in the last quarter. Finally, Strs Ohio lifted its holdings in shares of Stifel Financial by 25.8% in the fourth quarter. Strs Ohio now owns 72,168 shares of the financial services provider’s stock worth $9,037,000 after buying an additional 14,779 shares in the last quarter. 82.01% of the stock is owned by hedge funds and other institutional investors.

Stifel Financial Trading Up 0.1%

Shares of SF opened at $72.69 on Monday. The firm’s 50 day simple moving average is $75.17 and its 200 day simple moving average is $79.69. The company has a market capitalization of $11.15 billion, a P/E ratio of 14.14 and a beta of 1.05. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.80. Stifel Financial Corporation has a 1-year low of $60.62 and a 1-year high of $89.83.

Stifel Financial (NYSE:SF) last announced 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 business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.51 billion. Stifel Financial had a net margin of 15.34% and a return on equity of 18.76%. Stifel Financial’s quarterly revenue was up 17.7% on a year-over-year basis. During the same period last year, the firm posted $0.49 earnings per share. 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 firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be 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 is Monday, June 1st. Stifel Financial’s dividend payout ratio (DPR) is presently 26.46%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings raised shares of Stifel Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Zacks Research raised shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. TD Cowen lowered their target price on shares of Stifel Financial from $136.00 to $92.00 and set a “hold” rating on the stock in a research note on Monday, March 23rd. Finally, UBS Group lowered their target price on shares of Stifel Financial from $100.00 to $89.00 and set a “buy” rating on the stock in a research note on Wednesday, April 8th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.15.

Stifel Financial 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.