Systematic Financial Management LP Reduces Holdings in Stifel Financial Corp. (NYSE:SF)

Systematic Financial Management LP cut its holdings in Stifel Financial Corp. (NYSE:SF - Free Report) by 6.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 374,835 shares of the financial services provider's stock after selling 25,651 shares during the quarter. Stifel Financial accounts for 1.0% of Systematic Financial Management LP's portfolio, making the stock its 22nd biggest holding. Systematic Financial Management LP owned 0.37% of Stifel Financial worth $31,542,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Stifel Financial by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 10,461,734 shares of the financial services provider's stock valued at $817,794,000 after acquiring an additional 391,384 shares during the period. Los Angeles Capital Management LLC raised its holdings in Stifel Financial by 929.9% during the second quarter. Los Angeles Capital Management LLC now owns 296,574 shares of the financial services provider's stock worth $24,957,000 after purchasing an additional 267,777 shares during the last quarter. Earnest Partners LLC boosted its position in Stifel Financial by 7.0% during the first quarter. Earnest Partners LLC now owns 2,932,059 shares of the financial services provider's stock worth $229,199,000 after purchasing an additional 191,896 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Stifel Financial by 12.8% in the first quarter. Principal Financial Group Inc. now owns 1,332,258 shares of the financial services provider's stock valued at $104,143,000 after purchasing an additional 151,046 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of Stifel Financial in the second quarter valued at $7,415,000. Institutional investors and hedge funds own 82.01% of the company's stock.

Stifel Financial Trading Up 0.8 %

Shares of NYSE SF traded up $0.75 on Friday, reaching $93.66. 367,198 shares of the company traded hands, compared to its average volume of 567,385. The stock has a market capitalization of $9.60 billion, a PE ratio of 21.29 and a beta of 1.09. Stifel Financial Corp. has a fifty-two week low of $54.81 and a fifty-two week high of $94.18. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 0.38. The company has a 50 day moving average of $86.04 and a 200 day moving average of $81.87.

Stifel Financial (NYSE:SF - Get Free Report) last posted its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $1.60 earnings per share for the quarter, topping analysts' consensus estimates of $1.54 by $0.06. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.18 billion. Stifel Financial had a net margin of 11.59% and a return on equity of 13.24%. Stifel Financial's revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.20 earnings per share. On average, equities research analysts forecast that Stifel Financial Corp. will post 6.55 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend was Tuesday, September 3rd. Stifel Financial's payout ratio is currently 38.18%.

Analysts Set New Price Targets

Several equities analysts have weighed in on SF shares. Wells Fargo & Company initiated coverage on shares of Stifel Financial in a report on Thursday, September 12th. They set an "overweight" rating and a $101.00 target price for the company. StockNews.com cut shares of Stifel Financial from a "buy" rating to a "hold" rating in a research note on Friday, September 20th. Wolfe Research lowered Stifel Financial from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 22nd. Citigroup raised their price target on Stifel Financial from $90.00 to $102.00 and gave the stock a "neutral" rating in a research report on Friday. Finally, TD Cowen boosted their price target on Stifel Financial from $85.00 to $88.00 and gave the stock a "hold" rating in a report on Thursday, July 25th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $94.67.

About Stifel Financial

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 and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.