Caxton Associates LLP Purchases New Stake in Stifel Financial Corporation $SF

Key Points

• Caxton Associates LLP purchased 4,800 shares of Stifel Financial Corporation, valued at approximately $452,000, during the first quarter of the year.
• Stifel Financial reported earnings of $1.71 per share, exceeding analysts' expectations of $1.65, with revenues of $1.28 billion in the last quarter.
• The company declared a quarterly dividend of $0.46 per share, with a dividend yield of 1.6% and a payout ratio of 35.66%.

Caxton Associates LLP acquired a new position in shares of Stifel Financial Corporation (NYSE:SF - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,800 shares of the financial services provider's stock, valued at approximately $452,000.

Other large investors have also modified their holdings of the company. NBC Securities Inc. acquired a new stake in Stifel Financial during the first quarter worth $26,000. Alpine Bank Wealth Management bought a new position in shares of Stifel Financial during the 1st quarter worth about $27,000. Allworth Financial LP boosted its position in shares of Stifel Financial by 67.7% during the 1st 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 in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Stifel Financial by 123.6% during the 1st 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 in the last quarter. Finally, Bessemer Group Inc. increased its stake in Stifel Financial by 53.0% in the first quarter. Bessemer Group Inc. now owns 491 shares of the financial services provider's stock valued at $46,000 after acquiring an additional 170 shares during the period. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on SF. Wall Street Zen raised Stifel Financial from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd. Wells Fargo & Company boosted their price target on Stifel Financial from $102.00 to $125.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. JMP Securities upped their price target on Stifel Financial from $120.00 to $130.00 and gave the company a "market outperform" rating in a research report on Monday, July 14th. Zacks Research cut Stifel Financial from a "strong-buy" rating to a "hold" rating in a report on Monday, September 8th. Finally, Citigroup upgraded shares of Stifel Financial from a "neutral" rating to a "buy" rating and boosted their target price for the company from $115.00 to $135.00 in a research note on Thursday, July 31st. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, Stifel Financial presently has an average rating of "Hold" and an average target price of $115.78.

Stifel Financial Price Performance

Shares of SF stock traded down $1.65 during trading hours on Monday, hitting $113.64. 476,192 shares of the company's stock were exchanged, 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 stock has a market cap of $11.61 billion, a price-to-earnings ratio of 22.02 and a beta of 1.13. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.82 and a quick ratio of 0.77. The stock's 50-day moving average is $112.40 and its 200-day moving average is $100.36.

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

Stifel Financial Announces Dividend

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

Stifel Financial 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.