8,835 Shares in Stifel Financial Corporation $SF Acquired by Jump Financial LLC

Key Points

• Jump Financial LLC acquired a new stake in Stifel Financial Corporation during the 1st quarter, purchasing 8,835 shares valued at approximately $833,000.
• Analysts have set a target price for Stifel Financial shares, with Stifel Nicolaus at $135.00 and Wells Fargo raising their price objective to $125.00, indicating positive market expectations.
• Stifel Financial recently announced a quarterly dividend of $0.46 per share, representing a 1.6% dividend yield and a payout ratio of 35.66%.

Jump Financial LLC bought a new stake in shares of Stifel Financial Corporation (NYSE:SF - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 8,835 shares of the financial services provider's stock, valued at approximately $833,000.

Other hedge funds have also recently added to or reduced their stakes in the company. NBC Securities Inc. bought a new stake in Stifel Financial during the 1st quarter valued at $26,000. Alpine Bank Wealth Management bought a new stake in Stifel Financial during the 1st quarter valued at $27,000. Allworth Financial LP raised its stake in 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 raised its stake in 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. raised its stake in Stifel Financial by 53.0% during the 1st 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 in the last quarter. Institutional investors own 82.01% of the company's stock.

Insider Activity

In other news, Director Michael J. Zimmerman sold 10,000 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $96.69, for a total value of $966,900.00. Following the completion of the transaction, the director directly owned 45,833 shares of the company's stock, valued at approximately $4,431,592.77. This represents a 17.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders purchased 7 shares of company stock valued at $781. Corporate insiders own 4.57% of the company's stock.

Stifel Financial Stock Performance

Stifel Financial stock traded down $0.98 during trading hours on Wednesday, hitting $113.32. The stock had a trading volume of 637,099 shares, compared to its average volume of 787,754. The company has a 50-day moving average of $110.95 and a two-hundred day moving average of $99.97. 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 company has a market cap of $11.58 billion, a PE ratio of 21.96 and a beta of 1.13. Stifel Financial Corporation has a fifty-two week low of $73.27 and a fifty-two week high of $120.64.

Stifel Financial (NYSE:SF - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $1.71 EPS for the quarter, beating the consensus estimate of $1.65 by $0.06. The firm had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.25 billion. Stifel Financial had a return on equity of 13.93% and a net margin of 11.90%.The company's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.60 EPS. On average, equities research 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 will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a $0.46 dividend. The ex-dividend date of this dividend is 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 is presently 35.66%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SF. Wall Street Zen raised Stifel Financial from a "sell" rating to a "hold" rating in a research note on Sunday, August 3rd. JMP Securities lifted their price target on Stifel Financial from $120.00 to $130.00 and gave the company a "market outperform" rating in a report on Monday, July 14th. Stifel Nicolaus set a $135.00 target price on Stifel Financial in a research note on Thursday, July 31st. Citigroup upgraded 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. Finally, Wells Fargo & Company boosted their target price on Stifel Financial from $102.00 to $125.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $115.78.

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.