4,800 Shares in Stifel Financial Corporation $SF Purchased by Caxton Associates LLP

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

Several other institutional investors and hedge funds have also made changes to their positions in SF. Cetera Investment Advisers lifted its position in shares of Stifel Financial by 13.3% during the fourth quarter. Cetera Investment Advisers now owns 11,161 shares of the financial services provider's stock worth $1,184,000 after purchasing an additional 1,309 shares during the last quarter. Deutsche Bank AG lifted its position in shares of Stifel Financial by 5.7% during the fourth quarter. Deutsche Bank AG now owns 8,353 shares of the financial services provider's stock worth $886,000 after purchasing an additional 454 shares during the last quarter. Focus Partners Wealth bought a new stake in shares of Stifel Financial during the fourth quarter worth $2,361,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Stifel Financial during the fourth quarter worth $891,000. Finally, NorthRock Partners LLC bought a new stake in shares of Stifel Financial in the fourth quarter valued at about $611,000. 82.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SF. Zacks Research downgraded Stifel Financial from a "strong-buy" rating to a "hold" rating in a report on Monday, September 8th. Citigroup upgraded Stifel Financial from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $115.00 to $135.00 in a report on Thursday, July 31st. JMP Securities lifted their price objective on 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 lifted their price objective on Stifel Financial from $102.00 to $125.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Finally, Stifel Nicolaus set a $135.00 price objective on Stifel Financial in a report on Thursday, July 31st. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $115.78.

Stifel Financial Stock Performance

Shares of NYSE SF traded up $1.45 during midday trading on Thursday, reaching $115.47. 845,538 shares of the stock were exchanged, compared to its average volume of 623,515. Stifel Financial Corporation has a twelve month low of $73.27 and a twelve month high of $120.64. The firm has a market cap of $11.80 billion, a price-to-earnings ratio of 22.38 and a beta of 1.13. 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 50-day simple moving average of $112.73 and a two-hundred day simple moving average of $100.63.

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

Stifel Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid a $0.46 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.6%. Stifel Financial's dividend payout ratio (DPR) 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.