O Shaughnessy Asset Management LLC Has $365,000 Stock Holdings in Stifel Financial Corp. (NYSE:SF)

Posted by Defense World Staff on Jun 1st, 2023

O Shaughnessy Asset Management LLC trimmed its holdings in Stifel Financial Corp. (NYSE:SF – Get Rating) by 10.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,252 shares of the financial services provider’s stock after selling 697 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Stifel Financial were worth $365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Quantinno Capital Management LP increased its position in Stifel Financial by 50.9% in the 3rd quarter. Quantinno Capital Management LP now owns 10,725 shares of the financial services provider’s stock valued at $557,000 after buying an additional 3,617 shares in the last quarter. Xponance Inc. increased its position in Stifel Financial by 11.3% in the 4th quarter. Xponance Inc. now owns 13,915 shares of the financial services provider’s stock valued at $812,000 after buying an additional 1,414 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in Stifel Financial by 72.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 2,230 shares of the financial services provider’s stock valued at $115,000 after buying an additional 937 shares in the last quarter. Oak Thistle LLC bought a new stake in Stifel Financial in the 4th quarter valued at about $245,000. Finally, Assenagon Asset Management S.A. increased its position in Stifel Financial by 328.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 751,997 shares of the financial services provider’s stock valued at $43,894,000 after buying an additional 576,573 shares in the last quarter. 83.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SF. Citigroup decreased their price objective on Stifel Financial from $72.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, April 11th. StockNews.com raised Stifel Financial from a “hold” rating to a “buy” rating in a report on Friday, May 26th. Finally, JMP Securities decreased their price objective on Stifel Financial from $95.00 to $91.00 and set a “market outperform” rating for the company in a report on Monday, April 10th.

Insider Transactions at Stifel Financial

In other news, CEO Ronald J. Kruszewski acquired 2,500 shares of the company’s stock in a transaction that occurred on Monday, March 13th. The shares were acquired at an average price of $55.00 per share, for a total transaction of $137,500.00. Following the completion of the purchase, the chief executive officer now owns 1,377,326 shares in the company, valued at $75,752,930. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Ronald J. Kruszewski acquired 2,500 shares of the company’s stock in a transaction that occurred on Monday, March 13th. The shares were acquired at an average price of $55.00 per share, for a total transaction of $137,500.00. Following the completion of the purchase, the chief executive officer now owns 1,377,326 shares in the company, valued at $75,752,930. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Thomas B. Michaud sold 24,036 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $58.85, for a total value of $1,414,518.60. Following the completion of the transaction, the senior vice president now owns 100,240 shares in the company, valued at approximately $5,899,124. The disclosure for this sale can be found here. Insiders have acquired 32,500 shares of company stock worth $1,848,500 in the last 90 days. Insiders own 3.30% of the company’s stock.

Stifel Financial Price Performance

Shares of NYSE SF opened at $55.57 on Thursday. Stifel Financial Corp. has a twelve month low of $49.31 and a twelve month high of $68.77. The stock’s 50 day moving average price is $58.35 and its 200-day moving average price is $61.16. The company has a market capitalization of $5.90 billion, a PE ratio of 10.67 and a beta of 1.25. The company has a quick ratio of 0.80, a current ratio of 0.83 and a debt-to-equity ratio of 0.35.

Stifel Financial (NYSE:SF – Get Rating) last announced its earnings results on Wednesday, April 26th. The financial services provider reported $1.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.05). Stifel Financial had a return on equity of 15.28% and a net margin of 14.24%. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the previous year, the firm earned $1.49 EPS. Stifel Financial’s quarterly revenue was down .9% on a year-over-year basis.

Stifel Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be paid a $0.36 dividend. The ex-dividend date is Wednesday, May 31st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.59%. Stifel Financial’s payout ratio is presently 27.64%.

Stifel Financial Company Profile

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Stifel Financial Corp. provides securities brokerage, investment banking, trading, investment advisory, and related financial services. It operates through the following segments: Global Wealth Management, Institutional Group, and Other. The Global Wealth Management segment provides securities transaction, brokerage, and investment services to clients.