Interval Partners LP Makes New Investment in Stifel Financial Corporation $SF

Key Points

• Interval Partners LP has acquired a new stake in Stifel Financial Corporation, purchasing 10,642 shares valued at approximately $1,003,000.
• Stifel Financial recently reported $1.71 EPS for the quarter, exceeding analysts' estimates, with revenue of $1.28 billion during the period.
• The company declared a quarterly dividend of $0.46 per share, resulting in an annualized dividend yield of 1.6%.

Interval Partners LP bought a new position in shares of Stifel Financial Corporation (NYSE:SF - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 10,642 shares of the financial services provider's stock, valued at approximately $1,003,000.

A number of other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its holdings in shares of Stifel Financial by 285.7% in the 4th quarter. BNP Paribas Financial Markets now owns 38,448 shares of the financial services provider's stock worth $4,079,000 after acquiring an additional 28,480 shares during the last quarter. Bank of America Corp DE increased its holdings in Stifel Financial by 2.9% in the 4th quarter. Bank of America Corp DE now owns 1,030,348 shares of the financial services provider's stock valued at $109,299,000 after purchasing an additional 29,344 shares during the last quarter. Centiva Capital LP acquired a new stake in Stifel Financial in the 4th quarter valued at approximately $609,000. Cetera Investment Advisers increased its holdings in Stifel Financial by 13.3% in the 4th quarter. Cetera Investment Advisers now owns 11,161 shares of the financial services provider's stock valued at $1,184,000 after purchasing an additional 1,309 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in Stifel Financial in the 4th quarter valued at approximately $3,726,000. 82.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on SF. JMP Securities lifted their target price on shares of Stifel Financial from $120.00 to $130.00 and gave the company a "market outperform" rating in a report on Monday, July 14th. Wells Fargo & Company raised their price objective on shares of Stifel Financial from $102.00 to $125.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Stifel Nicolaus set a $135.00 price objective on shares of Stifel Financial in a research note on Thursday, July 31st. Citigroup raised shares of Stifel Financial from a "neutral" rating to a "buy" rating and raised their price objective for the company from $115.00 to $135.00 in a research note on Thursday, July 31st. Finally, Wall Street Zen raised shares of Stifel Financial from a "sell" rating to a "hold" rating in a research note on Sunday, August 3rd. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Stifel Financial has a consensus rating of "Hold" and a consensus target price of $115.78.

Stifel Financial Stock Performance

Shares of SF stock traded up $0.43 during trading hours on Wednesday, hitting $113.03. The stock had a trading volume of 590,122 shares, compared to its average volume of 783,408. The firm has a market capitalization of $11.55 billion, a PE ratio of 21.90 and a beta of 1.13. Stifel Financial Corporation has a twelve month low of $73.27 and a twelve month high of $120.64. The stock's 50 day moving average is $111.92 and its 200 day moving average is $100.13. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.82 and a quick ratio of 0.77.

Stifel Financial (NYSE:SF - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.06. Stifel Financial had a return on equity of 13.93% and a net margin of 11.90%.The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the prior year, the company earned $1.60 earnings per share. The company's revenue was up 5.4% compared to the same quarter last year. As a group, research analysts forecast that Stifel Financial Corporation will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 2nd. Stifel Financial's dividend payout ratio is currently 35.66%.

About Stifel Financial

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.