Stifel Financial Corporation $SF Shares Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd boosted its holdings in shares of Stifel Financial Corporation (NYSE:SF) by 71.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 75,681 shares of the financial services provider’s stock after buying an additional 31,646 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Stifel Financial were worth $5,594,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SF. AQR Capital Management LLC boosted its holdings in shares of Stifel Financial by 94.8% in the 4th quarter. AQR Capital Management LLC now owns 2,893,850 shares of the financial services provider’s stock valued at $362,368,000 after acquiring an additional 1,408,347 shares during the last quarter. Norges Bank purchased a new position in shares of Stifel Financial during the fourth quarter worth $172,446,000. Ceredex Value Advisors LLC acquired a new position in Stifel Financial during the third quarter valued at $56,126,000. Marshall Wace LLP lifted its position in Stifel Financial by 50.9% during the fourth quarter. Marshall Wace LLP now owns 1,284,806 shares of the financial services provider’s stock valued at $160,883,000 after purchasing an additional 433,341 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in Stifel Financial by 13.8% in the third quarter. Wellington Management Group LLP now owns 3,451,787 shares of the financial services provider’s stock valued at $391,674,000 after purchasing an additional 419,038 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Stifel Financial Stock Down 0.1%

SF stock opened at $73.12 on Friday. Stifel Financial Corporation has a one year low of $67.81 and a one year high of $89.83. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 0.85. The firm’s fifty day moving average is $73.23 and its 200 day moving average is $77.65. The firm has a market cap of $11.22 billion, a PE ratio of 14.23 and a beta of 1.01.

Stifel Financial (NYSE:SF) last issued its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. Stifel Financial had a net margin of 15.34% and a return on equity of 18.76%. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the firm posted $0.49 earnings per share. The company’s revenue was up 17.7% compared to the same quarter last year. On average, research analysts forecast that Stifel Financial Corporation will post 6.25 EPS for the current year.

Stifel Financial Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a $0.34 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.36 dividend on an annualized basis and a yield of 1.9%. Stifel Financial’s dividend payout ratio is presently 26.46%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Zacks Research raised Stifel Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of Stifel Financial in a report on Friday, May 29th. TD Cowen lowered their target price on Stifel Financial from $136.00 to $92.00 and set a “hold” rating on the stock in a research note on Monday, March 23rd. Finally, UBS Group dropped their target price on Stifel Financial from $100.00 to $89.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $91.15.

About Stifel Financial

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full?service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research?driven insights.

The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.