Los Angeles Capital Management LLC Sells 108,548 Shares of Stifel Financial Corporation $SF

Los Angeles Capital Management LLC cut its stake in Stifel Financial Corporation (NYSE:SF) by 64.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,815 shares of the financial services provider’s stock after selling 108,548 shares during the period. Los Angeles Capital Management LLC owned about 0.06% of Stifel Financial worth $6,311,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Zurich Insurance Group Ltd FI purchased a new stake in Stifel Financial in the first quarter worth about $1,386,000. Stratos Wealth Partners LTD. raised its holdings in shares of Stifel Financial by 3.0% in the 1st quarter. Stratos Wealth Partners LTD. now owns 4,328 shares of the financial services provider’s stock valued at $408,000 after purchasing an additional 127 shares in the last quarter. Whitener Capital Management Inc. purchased a new stake in shares of Stifel Financial in the 1st quarter worth approximately $436,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Stifel Financial in the 2nd quarter worth approximately $606,000. Finally, GSA Capital Partners LLP boosted its stake in shares of Stifel Financial by 89.8% during the first quarter. GSA Capital Partners LLP now owns 12,084 shares of the financial services provider’s stock valued at $1,139,000 after purchasing an additional 5,718 shares in the last quarter. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Stifel Financial Stock Up 1.3%

Stifel Financial stock opened at $121.68 on Monday. The business has a fifty day moving average price of $114.27 and a 200-day moving average price of $106.83. Stifel Financial Corporation has a 1-year low of $73.27 and a 1-year high of $121.74. The stock has a market capitalization of $12.39 billion, a price-to-earnings ratio of 21.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.82 and a quick ratio of 0.77.

Stifel Financial (NYSE:SF) last released its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.06. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Stifel Financial had a return on equity of 15.06% and a net margin of 12.44%.The firm’s revenue was up 16.7% compared to the same quarter last year. During the same period last year, the business posted $1.50 earnings per share. Equities research analysts forecast that Stifel Financial Corporation will post 8.26 EPS for the current fiscal year.

Stifel Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a $0.46 dividend. The ex-dividend date is Monday, December 1st. This represents a $1.84 dividend on an annualized basis and a yield of 1.5%. Stifel Financial’s dividend payout ratio (DPR) is 32.51%.

Wall Street Analysts Forecast Growth

SF has been the subject of a number of recent research reports. Citigroup reissued an “outperform” rating on shares of Stifel Financial in a research note on Thursday, October 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Stifel Financial in a research report on Wednesday, October 8th. UBS Group set a $135.00 price objective on Stifel Financial in a research note on Thursday, October 9th. Wall Street Zen raised Stifel Financial from a “sell” rating to a “hold” rating in a research report on Sunday, August 3rd. Finally, TD Cowen upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating and boosted their target price for the stock from $118.00 to $131.00 in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $125.90.

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.