Stifel Financial Corp Buys 57,499 Shares of Rithm Capital Corp. (NYSE:RITM)

Stifel Financial Corp grew its holdings in shares of Rithm Capital Corp. (NYSE:RITM - Free Report) by 8.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 733,417 shares of the real estate investment trust's stock after acquiring an additional 57,499 shares during the period. Stifel Financial Corp owned about 0.14% of Rithm Capital worth $7,943,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in RITM. Norges Bank acquired a new position in Rithm Capital during the 4th quarter valued at $76,082,000. JPMorgan Chase & Co. raised its holdings in shares of Rithm Capital by 119.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,608,008 shares of the real estate investment trust's stock valued at $52,301,000 after purchasing an additional 2,504,529 shares during the period. First Trust Advisors LP lifted its holdings in Rithm Capital by 78.3% during the 4th quarter. First Trust Advisors LP now owns 3,304,999 shares of the real estate investment trust's stock worth $35,793,000 after purchasing an additional 1,451,829 shares during the last quarter. Wells Fargo & Company MN grew its stake in Rithm Capital by 113.9% during the fourth quarter. Wells Fargo & Company MN now owns 1,464,456 shares of the real estate investment trust's stock worth $15,860,000 after buying an additional 779,771 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Rithm Capital in the fourth quarter valued at about $7,572,000. Institutional investors own 44.92% of the company's stock.

Rithm Capital Stock Up 0.0 %

Shares of RITM traded up $0.01 during mid-day trading on Thursday, reaching $11.19. 4,674,856 shares of the stock traded hands, compared to its average volume of 3,919,603. The firm has a market cap of $5.93 billion, a price-to-earnings ratio of 6.70 and a beta of 1.36. The company has a quick ratio of 1.35, a current ratio of 1.09 and a debt-to-equity ratio of 1.74. The stock has a fifty day simple moving average of $11.08 and a 200 day simple moving average of $11.09. Rithm Capital Corp. has a 12-month low of $9.13 and a 12-month high of $12.20.

Rithm Capital (NYSE:RITM - Get Free Report) last released its earnings results on Friday, April 25th. The real estate investment trust reported $0.52 EPS for the quarter, beating the consensus estimate of $0.45 by $0.07. Rithm Capital had a net margin of 17.79% and a return on equity of 18.15%. The firm had revenue of $28.89 million for the quarter, compared to analysts' expectations of $1.27 billion. During the same quarter last year, the company earned $0.48 EPS. Sell-side analysts expect that Rithm Capital Corp. will post 1.93 EPS for the current fiscal year.

Rithm Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were given a $0.25 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 8.94%. Rithm Capital's dividend payout ratio is 83.33%.

Analysts Set New Price Targets

Several equities research analysts recently commented on RITM shares. B. Riley raised Rithm Capital to a "strong-buy" rating in a research note on Tuesday, January 7th. Wedbush restated an "outperform" rating and issued a $14.00 price objective on shares of Rithm Capital in a research note on Friday, March 28th. UBS Group decreased their price target on shares of Rithm Capital from $14.00 to $13.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. JMP Securities reaffirmed a "market outperform" rating and issued a $12.50 price objective on shares of Rithm Capital in a research note on Thursday, January 23rd. Finally, Jones Trading reaffirmed a "buy" rating and set a $12.50 price target on shares of Rithm Capital in a research report on Tuesday. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $13.61.

About Rithm Capital

Rithm Capital Corp. operates as an asset manager focused on real estate, credit, and financial services. It operates through Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable, and Asset Management segments. Its investment portfolio primarily comprises of mortgage servicing rights (MSR), and MSR financing receivables, title, appraisal and property preservation, excess MSRs, and services advance investments; real estate securities, call rights, SFR properties, and residential mortgage loans; consumer and business purpose loans; and asset management related investments.