Hillsdale Investment Management Inc. Acquires New Shares in Stifel Financial Corporation $SF

Hillsdale Investment Management Inc. acquired a new position in shares of Stifel Financial Corporation (NYSE:SF) during the first quarter, Holdings Channel.com reports. The fund acquired 13,540 shares of the financial services provider’s stock, valued at approximately $1,001,000.

Other large investors have also added to or reduced their stakes in the company. AQR Capital Management LLC grew its holdings in Stifel Financial by 94.8% during the 4th quarter. AQR Capital Management LLC now owns 2,893,850 shares of the financial services provider’s stock valued at $362,368,000 after buying an additional 1,408,347 shares in the last quarter. Norges Bank purchased a new stake in shares of Stifel Financial in the fourth quarter worth about $172,446,000. Marshall Wace LLP lifted its holdings in shares of Stifel Financial by 50.9% in the fourth quarter. Marshall Wace LLP now owns 1,284,806 shares of the financial services provider’s stock worth $160,883,000 after buying an additional 433,341 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Stifel Financial by 13.8% in the third quarter. Wellington Management Group LLP now owns 3,451,787 shares of the financial services provider’s stock valued at $391,674,000 after acquiring an additional 419,038 shares during the period. Finally, Balyasny Asset Management L.P. grew its stake in Stifel Financial by 137.3% during the fourth quarter. Balyasny Asset Management L.P. now owns 670,926 shares of the financial services provider’s stock valued at $84,013,000 after acquiring an additional 388,190 shares in the last quarter. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Price Performance

Shares of NYSE:SF opened at $78.77 on Friday. The stock has a market cap of $12.08 billion, a PE ratio of 15.32 and a beta of 1.01. The company’s fifty day moving average is $72.92 and its 200 day moving average is $77.02. Stifel Financial Corporation has a 52 week low of $67.81 and a 52 week high of $89.83. 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 posted its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.06. Stifel Financial had a net margin of 15.34% and a return on equity of 18.76%. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the previous year, the firm posted $0.49 earnings per share. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. Research analysts anticipate that Stifel Financial Corporation will post 6.22 earnings per share for the current year.

Stifel Financial Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a dividend of $0.34 per share. 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 payout ratio is currently 26.46%.

Analyst Ratings Changes

A number of research firms recently weighed in on SF. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stifel Financial in a report on Friday, May 29th. UBS Group reissued a “buy” rating and issued a $86.00 price target (down from $89.00) on shares of Stifel Financial in a report on Wednesday, July 8th. TD Cowen reduced their price target on shares of Stifel Financial from $136.00 to $92.00 and set a “hold” rating for the company in a research report on Monday, March 23rd. Finally, Zacks Research raised shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Five equities 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $91.75.

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.