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 shares of Stifel Financial Corporation (NYSE:SF - Free Report) during the first quarter, according to its most recent Form 13F 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.

Other institutional investors have also modified their holdings of the company. Cambridge Investment Research Advisors Inc. bought a new position in Stifel Financial in the 1st quarter valued at about $361,000. Sumitomo Mitsui Trust Group Inc. purchased a new stake in Stifel Financial during the first quarter valued at about $1,648,000. GAMMA Investing LLC lifted its stake in Stifel Financial by 401.0% during the first quarter. GAMMA Investing LLC now owns 4,509 shares of the financial services provider's stock valued at $425,000 after buying an additional 3,609 shares in the last quarter. Stratos Wealth Partners LTD. lifted its stake in Stifel Financial by 3.0% during the first quarter. Stratos Wealth Partners LTD. now owns 4,328 shares of the financial services provider's stock valued at $408,000 after buying an additional 127 shares in the last quarter. Finally, Whitener Capital Management Inc. purchased a new stake in shares of Stifel Financial in the first quarter worth approximately $436,000. Institutional investors own 82.01% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. JMP Securities increased 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. Stifel Nicolaus set a $135.00 price target on Stifel Financial in a report on Thursday, July 31st. Zacks Research downgraded shares of Stifel Financial from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 8th. Wells Fargo & Company raised their target price on Stifel Financial from $102.00 to $125.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Finally, Wall Street Zen raised Stifel Financial from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd. Four 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, the company presently has a consensus rating of "Hold" and a consensus price target of $115.78.

Stifel Financial Stock Down 0.0%

Shares of NYSE:SF traded down $0.03 during trading on Friday, hitting $115.29. 858,559 shares of the company's stock traded hands, compared to its average volume of 626,703. Stifel Financial Corporation has a 52 week low of $73.27 and a 52 week high of $120.64. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28. The company has a market cap of $11.78 billion, a price-to-earnings ratio of 22.34 and a beta of 1.13. The company has a 50-day moving average price of $112.27 and a 200-day moving average price of $100.31.

Stifel Financial (NYSE:SF - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $1.71 earnings per share 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 during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the firm posted $1.60 EPS. The business's revenue was up 5.4% on a year-over-year basis. As a group, research analysts forecast that Stifel Financial Corporation will post 8.26 EPS for the current fiscal year.

Stifel Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.46 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $1.84 annualized dividend and a yield of 1.6%. Stifel Financial's dividend payout ratio (DPR) is presently 35.66%.

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.