Caxton Associates LP Invests $334,000 in Stifel Financial Corp. (NYSE:SF)

Caxton Associates LP purchased a new position in shares of Stifel Financial Corp. (NYSE:SF - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,144 shares of the financial services provider's stock, valued at approximately $334,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SF. FMR LLC grew its position in Stifel Financial by 8.5% during the 4th quarter. FMR LLC now owns 8,628,832 shares of the financial services provider's stock worth $915,346,000 after acquiring an additional 672,420 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Stifel Financial by 32.2% in the fourth quarter. Wellington Management Group LLP now owns 2,588,964 shares of the financial services provider's stock worth $274,637,000 after buying an additional 630,255 shares during the period. Fisher Asset Management LLC raised its holdings in Stifel Financial by 5.2% during the 4th quarter. Fisher Asset Management LLC now owns 1,540,584 shares of the financial services provider's stock valued at $163,425,000 after buying an additional 76,163 shares during the last quarter. Norges Bank purchased a new stake in Stifel Financial during the 4th quarter valued at $137,448,000. Finally, Invesco Ltd. grew its holdings in Stifel Financial by 18.2% in the 4th quarter. Invesco Ltd. now owns 1,207,465 shares of the financial services provider's stock worth $128,088,000 after acquiring an additional 186,352 shares during the last quarter. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Stifel Financial Stock Down 0.2 %

Shares of Stifel Financial stock traded down $0.17 during midday trading on Friday, hitting $91.39. The company had a trading volume of 414,796 shares, compared to its average volume of 678,765. Stifel Financial Corp. has a 52-week low of $73.27 and a 52-week high of $120.64. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. The stock has a market capitalization of $9.42 billion, a P/E ratio of 14.65 and a beta of 1.07. The company has a 50 day moving average of $89.88 and a 200 day moving average of $103.11.

Stifel Financial (NYSE:SF - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.64 by ($1.15). Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the firm earned $1.49 EPS. The business's revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities analysts predict that Stifel Financial Corp. will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Monday, June 2nd. Stifel Financial's payout ratio is 35.18%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SF. Citigroup dropped their target price on shares of Stifel Financial from $125.00 to $105.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. JPMorgan Chase & Co. reduced their target price 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. Wells Fargo & Company cut their price target on shares of Stifel Financial from $106.00 to $102.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. JMP Securities decreased their price objective on shares of Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. Finally, TD Cowen cut their target price on shares of 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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Stifel Financial has a consensus rating of "Hold" and an average price target of $105.50.

Stifel Financial Company 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.