Janus Henderson Group PLC Boosts Stock Holdings in Stifel Financial Corporation $SF

Janus Henderson Group PLC grew its holdings in Stifel Financial Corporation (NYSE:SF) by 50.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,400 shares of the financial services provider’s stock after purchasing an additional 22,800 shares during the period. Janus Henderson Group PLC’s holdings in Stifel Financial were worth $5,059,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Bull Harbor Capital LLC purchased a new position in Stifel Financial in the 1st quarter valued at approximately $1,031,000. Amundi lifted its position in shares of Stifel Financial by 102.7% during the first quarter. Amundi now owns 491,417 shares of the financial services provider’s stock worth $36,326,000 after acquiring an additional 248,935 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Stifel Financial by 138.6% in the first quarter. EverSource Wealth Advisors LLC now owns 5,609 shares of the financial services provider’s stock worth $415,000 after acquiring an additional 3,258 shares during the period. California State Teachers Retirement System boosted its holdings in shares of Stifel Financial by 84.1% in the first quarter. California State Teachers Retirement System now owns 177,538 shares of the financial services provider’s stock worth $13,124,000 after acquiring an additional 81,099 shares during the period. Finally, Royal Bank of Canada grew its position in shares of Stifel Financial by 43.0% in the first quarter. Royal Bank of Canada now owns 143,081 shares of the financial services provider’s stock valued at $10,578,000 after purchasing an additional 43,036 shares in the last quarter. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Stifel Financial news, Director Maryam S. Brown sold 4,700 shares of the business’s stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $79.20, for a total value of $372,240.00. Following the completion of the transaction, the director owned 5,729 shares of the company’s stock, valued at $453,736.80. The trade was a 45.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.36% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Zacks Research upgraded Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stifel Financial in a report on Friday, May 29th. Wall Street Zen raised shares of Stifel Financial from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. UBS Group set a $90.00 price objective on shares of Stifel Financial in a research report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. upped their target price on shares of Stifel Financial from $80.00 to $86.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.90.

Stifel Financial Price Performance

Shares of NYSE SF opened at $83.50 on Friday. The stock’s 50-day simple moving average is $75.35 and its two-hundred day simple moving average is $76.52. Stifel Financial Corporation has a twelve month low of $67.81 and a twelve month high of $89.83. The firm has a market capitalization of $12.81 billion, a P/E ratio of 14.95 and a beta of 0.99. 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 (NYSE:SF) last issued its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.09. Stifel Financial had a return on equity of 19.32% and a net margin of 16.11%.The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the company posted $1.71 EPS. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. As a group, equities analysts anticipate that Stifel Financial Corporation will post 6.36 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.34 per share. The ex-dividend date is Tuesday, September 1st. This represents a $1.36 annualized dividend and a yield of 1.6%. Stifel Financial’s payout ratio is presently 24.33%.

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.