Cubist Systematic Strategies LLC acquired a new stake in shares of Stifel Financial Corp. (NYSE:SF - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 35,124 shares of the financial services provider's stock, valued at approximately $3,726,000.
A number of other large investors have also made changes to their positions in SF. Barclays PLC boosted its stake in Stifel Financial by 62.2% in the 3rd quarter. Barclays PLC now owns 107,397 shares of the financial services provider's stock worth $10,086,000 after buying an additional 41,171 shares during the last quarter. Tidal Investments LLC boosted its stake in Stifel Financial by 13.7% in the 3rd quarter. Tidal Investments LLC now owns 3,877 shares of the financial services provider's stock worth $364,000 after buying an additional 467 shares during the last quarter. Franklin Resources Inc. boosted its stake in Stifel Financial by 9.7% in the 3rd quarter. Franklin Resources Inc. now owns 44,113 shares of the financial services provider's stock worth $4,336,000 after buying an additional 3,887 shares during the last quarter. GAMMA Investing LLC boosted its stake in Stifel Financial by 78.9% in the 4th quarter. GAMMA Investing LLC now owns 900 shares of the financial services provider's stock worth $95,000 after buying an additional 397 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Stifel Financial by 16.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,448 shares of the financial services provider's stock worth $578,000 after buying an additional 779 shares during the last quarter. Institutional investors and hedge funds own 82.01% of the company's stock.
Stifel Financial Trading Up 7.6%
Shares of NYSE SF traded up $6.91 during midday trading on Monday, hitting $98.30. The stock had a trading volume of 1,392,754 shares, compared to its average volume of 681,621. The company has a market capitalization of $10.13 billion, a price-to-earnings ratio of 15.75 and a beta of 1.07. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. Stifel Financial Corp. has a 1-year low of $73.27 and a 1-year high of $120.64. The company has a fifty day moving average price of $89.83 and a 200 day moving average price of $103.07.
Stifel Financial (NYSE:SF - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 EPS for the quarter, missing the consensus estimate of $1.64 by ($1.15). The company had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.32 billion. Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. The business's quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.49 earnings per share. On average, analysts predict that Stifel Financial Corp. will post 8.26 earnings per share for the current year.
Stifel Financial Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a dividend of $0.46 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.84 annualized dividend and a dividend yield of 1.87%. Stifel Financial's payout ratio is currently 35.18%.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on SF. Wells Fargo & Company decreased their price target on Stifel Financial from $106.00 to $102.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. StockNews.com raised Stifel Financial from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. reduced their price objective on Stifel Financial from $123.00 to $100.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Wolfe Research raised Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 price objective on the stock in a research note on Thursday, April 24th. Finally, TD Cowen reduced their price objective on Stifel Financial from $124.00 to $84.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $105.50.
Check Out Our Latest Research Report on SF
About Stifel Financial
(
Free Report)
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.
Further Reading
Before you consider Stifel Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Stifel Financial wasn't on the list.
While Stifel Financial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
