Los Angeles Capital Management LLC Invests $2.25 Million in Stifel Financial Corp. (NYSE:SF)

Los Angeles Capital Management LLC purchased a new position in shares of Stifel Financial Corp. (NYSE:SF) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 28,797 shares of the financial services provider’s stock, valued at approximately $2,251,000.

A number of other large investors also recently modified their holdings of SF. Montag A & Associates Inc. raised its stake in shares of Stifel Financial by 336.2% in the fourth quarter. Montag A & Associates Inc. now owns 759 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 585 shares in the last quarter. Bruce G. Allen Investments LLC acquired a new position in shares of Stifel Financial in the fourth quarter valued at $53,000. Signaturefd LLC raised its stake in shares of Stifel Financial by 29.4% in the fourth quarter. Signaturefd LLC now owns 1,030 shares of the financial services provider’s stock valued at $71,000 after purchasing an additional 234 shares in the last quarter. Principal Securities Inc. bought a new stake in Stifel Financial in the fourth quarter valued at $99,000. Finally, International Assets Investment Management LLC bought a new stake in Stifel Financial in the fourth quarter valued at $139,000. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on SF shares. Citigroup upped their price target on Stifel Financial from $74.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. StockNews.com cut Stifel Financial from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 9th. JMP Securities reiterated a “market outperform” rating and issued a $88.00 price target on shares of Stifel Financial in a research report on Tuesday, April 9th. Finally, TD Cowen upped their price target on Stifel Financial from $86.50 to $92.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Stifel Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.50.

Insider Activity at Stifel Financial

In related news, Director David A. Peacock sold 13,000 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $79.90, for a total value of $1,038,700.00. Following the transaction, the director now owns 18,646 shares in the company, valued at $1,489,815.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.57% of the stock is owned by company insiders.

Stifel Financial Price Performance

Shares of SF stock opened at $80.26 on Friday. The stock’s fifty day moving average is $79.96 and its 200-day moving average is $75.21. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 0.84. The stock has a market capitalization of $8.22 billion, a PE ratio of 18.24 and a beta of 1.12. Stifel Financial Corp. has a 52 week low of $54.81 and a 52 week high of $84.23.

Stifel Financial (NYSE:SF) last announced its earnings results on Wednesday, April 24th. The financial services provider reported $1.49 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.13). The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.14 billion. Stifel Financial had a return on equity of 12.40% and a net margin of 11.34%. Stifel Financial’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.40 EPS. Equities research analysts expect that Stifel Financial Corp. will post 7.04 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.09%. The ex-dividend date was Monday, June 3rd. Stifel Financial’s dividend payout ratio is 38.18%.

Stifel Financial Profile

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.