Trexquant Investment LP Purchases 58,412 Shares of Stifel Financial Corporation $SF

Key Points

• Trexquant Investment LP significantly increased its stake in Stifel Financial Corporation by 591.5%, owning 68,288 shares valued at approximately $6.44 million after acquiring an additional 58,412 shares in the first quarter.
• Stifel Financial reported a net margin of 11.90% and achieved earnings per share of $1.71 for the most recent quarter, exceeding analyst expectations.
• The company declared a quarterly dividend of $0.46 per share, payable on September 16, reflecting an annual yield of 1.6% and a payout ratio of 35.66%.

Trexquant Investment LP increased its position in shares of Stifel Financial Corporation (NYSE:SF - Free Report) by 591.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 68,288 shares of the financial services provider's stock after buying an additional 58,412 shares during the period. Trexquant Investment LP owned 0.07% of Stifel Financial worth $6,437,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of SF. NBC Securities Inc. acquired a new stake in Stifel Financial during the 1st quarter worth about $26,000. Alpine Bank Wealth Management bought a new stake in shares of Stifel Financial during the 1st quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB lifted its stake in Stifel Financial by 123.6% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the financial services provider's stock valued at $31,000 after buying an additional 183 shares during the period. Allworth Financial LP boosted its holdings 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 worth $29,000 after buying an additional 136 shares in the last quarter. Finally, Quarry LP bought a new position in shares of Stifel Financial during the 4th quarter worth approximately $49,000. Institutional investors and hedge funds own 82.01% of the company's stock.

Stifel Financial Stock Down 0.9%

Shares of Stifel Financial stock traded down $0.98 during trading hours on Wednesday, reaching $113.32. The company's stock had a trading volume of 637,099 shares, compared to its average volume of 787,754. The company has a market capitalization of $11.58 billion, a P/E ratio of 21.96 and a beta of 1.13. The stock's fifty day simple moving average is $110.95 and its two-hundred day simple moving average is $99.97. Stifel Financial Corporation has a one year low of $73.27 and a one year high of $120.64. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.82.

Stifel Financial (NYSE:SF - Get Free Report) last issued its quarterly earnings data 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. Stifel Financial had a net margin of 11.90% and a return on equity of 13.93%. The firm had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.25 billion. During the same period last year, the company earned $1.60 earnings per share. The business's revenue was up 5.4% on a year-over-year basis. On average, research analysts forecast that Stifel Financial Corporation will post 8.26 earnings per share for the current year.

Stifel Financial Announces Dividend

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. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. Stifel Financial's dividend payout ratio (DPR) is currently 35.66%.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, Director Michael J. Zimmerman sold 10,000 shares of Stifel Financial stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $96.69, for a total transaction of $966,900.00. Following the transaction, the director owned 45,833 shares of the company's stock, valued at $4,431,592.77. The trade was a 17.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders purchased a total of 7 shares of company stock worth $781 over the last 90 days. 4.57% of the stock is owned by insiders.

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.