Cubist Systematic Strategies LLC Grows Stake in Stifel Financial Corporation $SF

Key Points

• Cubist Systematic Strategies LLC increased its holdings in Stifel Financial by 112.5% in Q1, owning 74,625 shares valued at approximately $7 million.
• Stifel Financial's recent earnings report showed a 5.4% increase in revenue year-over-year, with earnings per share beating estimates at $1.71.
• The company announced a quarterly dividend of $0.46 per share, representing a 1.6% yield, with the ex-dividend date set for September 2nd.

Cubist Systematic Strategies LLC raised its holdings in shares of Stifel Financial Corporation (NYSE:SF - Free Report) by 112.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,625 shares of the financial services provider's stock after buying an additional 39,501 shares during the period. Cubist Systematic Strategies LLC owned about 0.07% of Stifel Financial worth $7,034,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Stifel Financial during the first quarter valued at approximately $361,000. Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of Stifel Financial during the first quarter valued at approximately $1,648,000. GAMMA Investing LLC boosted its position in shares of Stifel Financial by 401.0% during the first quarter. GAMMA Investing LLC now owns 4,509 shares of the financial services provider's stock valued at $425,000 after buying an additional 3,609 shares during the period. Stratos Wealth Partners LTD. boosted its position in shares of Stifel Financial by 3.0% during the first quarter. Stratos Wealth Partners LTD. now owns 4,328 shares of the financial services provider's stock valued at $408,000 after buying an additional 127 shares during the period. Finally, Whitener Capital Management Inc. purchased a new position in shares of Stifel Financial during the first quarter valued at approximately $436,000. Hedge funds and other institutional investors own 82.01% of the company's stock.

Stifel Financial Stock Down 2.6%

NYSE:SF traded down $3.02 during trading hours on Friday, reaching $112.69. The company's stock had a trading volume of 736,177 shares, compared to its average volume of 615,191. The company has a market capitalization of $11.51 billion, a P/E ratio of 21.84 and a beta of 1.13. Stifel Financial Corporation has a 12 month low of $73.27 and a 12 month 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. The stock has a 50 day moving average price of $111.59 and a two-hundred day moving average price of $100.11.

Stifel Financial (NYSE:SF - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $1.71 EPS for the quarter, topping analysts' consensus estimates of $1.65 by $0.06. The company had revenue of $1.28 billion during 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%. Stifel Financial's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.60 earnings per share. Equities analysts predict that Stifel Financial Corporation will post 8.26 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on SF shares. 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 report on Friday, July 11th. JMP Securities lifted their price target on shares of Stifel Financial from $120.00 to $130.00 and gave the company a "market outperform" rating in a research note on Monday, July 14th. Citigroup raised shares of Stifel Financial from a "neutral" rating to a "buy" rating and lifted their price target for the company from $115.00 to $135.00 in a research note on Thursday, July 31st. Stifel Nicolaus set a $135.00 price target on shares of Stifel Financial in a research note on Thursday, July 31st. Finally, Wall Street Zen raised shares of Stifel Financial from a "sell" rating to a "hold" rating in a research note on Sunday, August 3rd. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Stifel Financial currently has a consensus 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.