3,573 Shares in Stifel Financial Corporation $SF Acquired by Teza Capital Management LLC

Key Points

• Teza Capital Management LLC purchased 3,573 shares of Stifel Financial Corporation, valued at approximately $337,000, during the first quarter of the year.
• Stifel Financial has seen significant interest from institutional investors, with 82.01% of its stock currently owned by them.
• The company reported $1.71 earnings per share for the last quarter, exceeding analysts' consensus estimates, and declared a quarterly dividend of $0.46 to be paid in September.

Teza Capital Management LLC bought a new position in Stifel Financial Corporation (NYSE:SF - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,573 shares of the financial services provider's stock, valued at approximately $337,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. NBC Securities Inc. purchased a new position in shares of Stifel Financial in the 1st quarter worth approximately $26,000. Alpine Bank Wealth Management purchased a new stake in shares of Stifel Financial during the first quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Stifel Financial by 123.6% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 183 shares during the period. Allworth Financial LP boosted its holdings in shares of Stifel Financial by 67.7% in the first quarter. Allworth Financial LP now owns 337 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 136 shares during the period. Finally, Bessemer Group Inc. grew its position in Stifel Financial by 53.0% in the 1st quarter. Bessemer Group Inc. now owns 491 shares of the financial services provider's stock valued at $46,000 after buying an additional 170 shares during the last quarter. 82.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SF has been the subject of several research reports. Wall Street Zen raised Stifel Financial from a "sell" rating to a "hold" rating in a research note on Sunday, August 3rd. Zacks Research cut Stifel Financial from a "strong-buy" rating to a "hold" rating in a research note on Monday. Wells Fargo & Company upped their price objective on shares of Stifel Financial from $102.00 to $125.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. JMP Securities boosted their price objective on Stifel Financial from $120.00 to $130.00 and gave the stock a "market outperform" rating in a report on Monday, July 14th. Finally, Stifel Nicolaus set a $135.00 target price on shares of Stifel Financial in a research note on Thursday, July 31st. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, Stifel Financial has a consensus rating of "Hold" and an average target price of $115.78.

Stifel Financial Trading Up 1.8%

SF stock traded up $2.06 during midday trading on Thursday, reaching $115.20. The stock had a trading volume of 826,928 shares, compared to its average volume of 623,573. The business has a fifty day simple moving average of $112.15 and a two-hundred day simple moving average of $100.29. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 0.28. The firm has a market cap of $11.77 billion, a price-to-earnings ratio of 22.33 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.

Stifel Financial (NYSE:SF - Get Free Report) last issued its earnings results on Wednesday, July 30th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.65 by $0.06. Stifel Financial had a return on equity of 13.93% and a net margin of 11.90%.The firm had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.25 billion. During the same quarter last year, the business 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 expect that Stifel Financial Corporation will post 8.26 EPS for the current fiscal year.

Stifel Financial Announces Dividend

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