Sei Investments Co. Has $30.49 Million Stock Holdings in Stifel Financial Corporation $SF

Sei Investments Co. boosted its holdings in shares of Stifel Financial Corporation (NYSE:SF) by 61.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 412,508 shares of the financial services provider’s stock after purchasing an additional 157,609 shares during the quarter. Sei Investments Co.’s holdings in Stifel Financial were worth $30,492,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Activest Wealth Management boosted its position in shares of 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. Advisory Services Network LLC bought a new position in Stifel Financial during the third quarter worth $29,000. Caitong International Asset Management Co. Ltd acquired a new position in Stifel Financial during the 4th quarter valued at $34,000. Cullen Frost Bankers Inc. bought a new stake in Stifel Financial in the 4th quarter valued at $50,000. Finally, BOKF NA boosted its holdings in Stifel Financial by 1,626.9% in the 3rd quarter. BOKF NA now owns 449 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 423 shares during the period. Institutional investors and hedge funds own 82.01% of the company’s stock.

Stifel Financial Price Performance

Shares of Stifel Financial stock opened at $82.38 on Tuesday. Stifel Financial Corporation has a twelve month low of $67.81 and a twelve month 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 firm has a market cap of $12.64 billion, a P/E ratio of 14.75 and a beta of 1.01. The firm’s 50-day simple moving average is $73.53 and its 200-day simple moving average is $76.70.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.09. Stifel Financial had a net margin of 16.11% and a return on equity of 19.32%. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter last year, the company earned $1.71 earnings per share. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, research analysts expect that Stifel Financial Corporation will post 6.29 EPS for the current fiscal year.

Stifel Financial Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Monday, June 1st. Stifel Financial’s dividend payout ratio is 24.33%.

Wall Street Analysts Forecast Growth

SF has been the topic of several research analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday, May 29th. Zacks Research upgraded shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. JPMorgan Chase & Co. lifted their target price on Stifel Financial from $80.00 to $86.00 and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. Finally, UBS Group set a $90.00 price target on Stifel Financial in a research note on Thursday. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.67.

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.