Versor Investments LP Acquires 6,548 Shares of Stifel Financial Corporation $SF

Key Points

• Versor Investments LP increased its holdings in Stifel Financial by 138.1% during the first quarter, now owning 11,288 shares valued at approximately $1.06 million.
• Stifel Financial's quarterly earnings report revealed an earnings per share (EPS) of $1.71, beating estimates and reflecting a revenue increase of 5.4% year-over-year.
• The company has announced a quarterly dividend of $0.46 per share, with a payout ratio of 35.66%, set to be paid on September 16th.

Versor Investments LP lifted its stake in shares of Stifel Financial Corporation (NYSE:SF - Free Report) by 138.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,288 shares of the financial services provider's stock after purchasing an additional 6,548 shares during the period. Versor Investments LP's holdings in Stifel Financial were worth $1,064,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NBC Securities Inc. acquired a new stake in Stifel Financial in the 1st quarter valued at about $26,000. Alpine Bank Wealth Management acquired a new stake in Stifel Financial during the 1st quarter valued at $27,000. MassMutual Private Wealth & Trust FSB boosted its position in Stifel Financial by 123.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the financial services provider's stock worth $31,000 after purchasing an additional 183 shares during the period. Allworth Financial LP increased its holdings in shares of Stifel Financial by 67.7% in the first quarter. Allworth Financial LP now owns 337 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 136 shares during the last quarter. Finally, Quarry LP bought a new stake in shares of Stifel Financial during the 4th quarter worth about $49,000. 82.01% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Stifel Financial news, Director Michael J. Zimmerman sold 10,000 shares of the company's stock in a transaction that occurred on Friday, June 6th. The shares were 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 in the company, valued at approximately $4,431,592.77. This represents a 17.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.28% of the stock is owned by insiders.

Analyst Ratings Changes

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

Stifel Financial Price Performance

SF stock traded down $1.8560 during trading on Wednesday, reaching $110.8840. 825,639 shares of the company were exchanged, compared to its average volume of 757,455. Stifel Financial Corporation has a twelve month low of $73.27 and a twelve month high of $120.64. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.82 and a quick ratio of 0.77. The company has a market capitalization of $11.33 billion, a price-to-earnings ratio of 21.49 and a beta of 1.11. The company has a 50-day moving average of $107.82 and a two-hundred day moving average of $99.81.

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

Stifel Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.46 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $1.84 annualized dividend and a yield of 1.7%. Stifel Financial's dividend payout ratio (DPR) is currently 35.66%.

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.