Natixis Advisors LLC Sells 26,635 Shares of Stifel Financial Corporation $SF

Natixis Advisors LLC cut its position in shares of Stifel Financial Corporation (NYSE:SF) by 36.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 46,272 shares of the financial services provider’s stock after selling 26,635 shares during the quarter. Natixis Advisors LLC’s holdings in Stifel Financial were worth $5,795,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of SF. Norges Bank bought a new position in shares of Stifel Financial during the fourth quarter worth about $172,446,000. Ceredex Value Advisors LLC bought a new position in shares of Stifel Financial during the third quarter worth about $56,126,000. Wellington Management Group LLP grew its holdings in shares of Stifel Financial by 13.8% during the third quarter. Wellington Management Group LLP now owns 3,451,787 shares of the financial services provider’s stock worth $391,674,000 after buying an additional 419,038 shares in the last quarter. UBS Group AG grew its holdings in shares of Stifel Financial by 206.9% during the third quarter. UBS Group AG now owns 563,419 shares of the financial services provider’s stock worth $63,931,000 after buying an additional 379,817 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Stifel Financial by 26.8% during the third quarter. AQR Capital Management LLC now owns 1,485,503 shares of the financial services provider’s stock worth $168,560,000 after buying an additional 314,031 shares in the last quarter. 82.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SF has been the subject of several recent research reports. TD Cowen reduced their price target on Stifel Financial from $136.00 to $92.00 and set a “hold” rating for the company in a research report on Monday, March 23rd. Zacks Research raised Stifel Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. UBS Group reduced their price target on Stifel Financial from $100.00 to $89.00 and set a “buy” rating for the company in a research report on Wednesday, April 8th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday, May 29th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Stifel Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.15.

Stifel Financial Stock Performance

Shares of NYSE SF opened at $70.32 on Tuesday. The stock has a 50 day moving average price of $75.07 and a 200 day moving average price of $78.94. Stifel Financial Corporation has a 52 week low of $62.90 and a 52 week high of $89.83. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 0.85. The stock has a market capitalization of $10.79 billion, a PE ratio of 13.68 and a beta of 1.00.

Stifel Financial (NYSE:SF) last issued its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.39 by $0.06. Stifel Financial had a return on equity of 18.76% and a net margin of 15.34%.The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the prior year, the firm posted $0.49 earnings per share. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. Analysts predict that Stifel Financial Corporation will post 6.25 earnings per share for the current fiscal year.

Stifel Financial Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, June 1st. Stifel Financial’s dividend payout ratio (DPR) is presently 26.46%.

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.