PDT Partners LLC Makes New Investment in Stifel Financial Corporation $SF

PDT Partners LLC purchased a new position in shares of Stifel Financial Corporation (NYSE:SF - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 229,968 shares of the financial services provider's stock, valued at approximately $16,045,000. Stifel Financial makes up approximately 0.8% of PDT Partners LLC's holdings, making the stock its 15th biggest holding. PDT Partners LLC owned approximately 0.15% of Stifel Financial at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Advisory Services Network LLC bought a new stake in shares of Stifel Financial in the third quarter valued at about $29,000. Activest Wealth Management grew its holdings in Stifel Financial by 12,000.0% during the 4th quarter. Activest Wealth Management now owns 242 shares of the financial services provider's stock worth $30,000 after acquiring an additional 240 shares in the last quarter. Danske Bank A S bought a new position in Stifel Financial during the 2nd quarter worth about $31,000. Caitong International Asset Management Co. Ltd purchased a new position in Stifel Financial during the 4th quarter valued at about $34,000. Finally, Keating Financial Advisory Services Inc. purchased a new position in Stifel Financial during the 2nd quarter valued at about $35,000. Hedge funds and other institutional investors own 82.01% of the company's stock.

Insider Transactions at Stifel Financial

In other news, Director Maryam S. Brown sold 4,700 shares of the company's stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $79.20, for a total transaction of $372,240.00. Following the transaction, the director directly owned 5,729 shares of the company's stock, valued at approximately $453,736.80. This represents a 45.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.36% of the company's stock.

Stifel Financial Stock Performance

SF stock opened at $79.72 on Wednesday. The firm has a market cap of $12.04 billion, a price-to-earnings ratio of 14.27 and a beta of 0.99. The firm has a 50-day simple moving average of $78.46 and a two-hundred day simple moving average of $76.37. Stifel Financial Corporation has a one year low of $67.81 and a one year high of $89.83. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.83 and a current ratio of 0.88.

Stifel Financial (NYSE:SF - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.33 by $0.09. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.42 billion. Stifel Financial had a net margin of 16.11% and a return on equity of 19.22%. The company's quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.71 EPS. On average, equities analysts forecast that Stifel Financial Corporation will post 6.36 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.7%. The ex-dividend date is Tuesday, September 1st. Stifel Financial's dividend payout ratio (DPR) is 24.33%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SF shares. UBS Group set a $90.00 price target on shares of Stifel Financial in a research report on Thursday, July 23rd. Wall Street Zen lowered shares of Stifel Financial from a "buy" rating to a "hold" rating in a report on Sunday, August 9th. JPMorgan Chase & Co. boosted their price objective on shares of Stifel Financial from $80.00 to $86.00 and gave the stock a "neutral" rating in a research note on Thursday, July 23rd. Zacks Research upgraded Stifel Financial from a "strong sell" rating to a "hold" rating in a report on Wednesday, May 20th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Stifel Financial in a research report on Friday, May 29th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, Stifel Financial presently has an average rating of "Moderate Buy" and a consensus price target of $91.90.

Stifel Financial Company Profile

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm's main business activities are organized into two core segments: Private Client Group and Institutional Group.

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