12,009 Shares in Stifel Financial Corporation $SF Purchased by Voleon Capital Management LP

Key Points

• Voleon Capital Management LP acquired 12,009 shares of Stifel Financial Corporation valued at approximately $1,132,000 in the 1st quarter.
• Stifel Financial received upgraded ratings from several analysts, with a consensus price target of $115.78 and ratings of "Buy" and "Hold" from multiple research firms.
• The company announced a quarterly dividend of $0.46 per share, representing an annualized dividend yield of 1.6%, with a payout ratio of 35.66%.

Voleon Capital Management LP purchased a new stake in Stifel Financial Corporation (NYSE:SF - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 12,009 shares of the financial services provider's stock, valued at approximately $1,132,000.

Several other large investors have also recently made changes to their positions in the stock. Jones Financial Companies Lllp lifted its holdings in shares of Stifel Financial by 1,162.6% in the 1st quarter. Jones Financial Companies Lllp now owns 2,702 shares of the financial services provider's stock worth $255,000 after acquiring an additional 2,488 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Stifel Financial in the 1st quarter valued at $1,986,000. Teza Capital Management LLC acquired a new stake in shares of Stifel Financial in the 1st quarter valued at $337,000. Petrus Trust Company LTA acquired a new stake in shares of Stifel Financial in the 1st quarter valued at $948,000. Finally, Plancorp LLC acquired a new stake in shares of Stifel Financial in the 1st quarter valued at $867,000. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SF. Wall Street Zen upgraded shares of Stifel Financial from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd. Stifel Nicolaus set a $135.00 price objective on shares of Stifel Financial in a report on Thursday, July 31st. JMP Securities raised their price objective on shares of Stifel Financial from $120.00 to $130.00 and gave the company a "market outperform" rating in a report on Monday, July 14th. Zacks Research lowered shares of Stifel Financial from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 8th. Finally, Citigroup upgraded shares of Stifel Financial from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $115.00 to $135.00 in a research note on Thursday, July 31st. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, Stifel Financial currently has a consensus rating of "Hold" and an average target price of $115.78.

Stifel Financial Stock Performance

Stifel Financial stock traded down $0.03 during midday trading on Friday, hitting $115.29. 858,559 shares of the company's stock were exchanged, compared to its average volume of 626,703. 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 market cap of $11.78 billion, a price-to-earnings ratio of 22.34 and a beta of 1.13. The firm's 50 day simple moving average is $112.27 and its 200 day simple moving average is $100.31.

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, topping the consensus estimate of $1.65 by $0.06. Stifel Financial had a net margin of 11.90% and a return on equity of 13.93%. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period last year, the firm posted $1.60 EPS. Stifel Financial's revenue for the quarter was up 5.4% on a year-over-year basis. Equities research analysts predict that Stifel Financial Corporation will post 8.26 EPS for the current year.

Stifel Financial Dividend Announcement

The company 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 annualized dividend and a dividend yield of 1.6%. Stifel Financial's payout ratio is presently 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.