GSA Capital Partners LLP Purchases New Position in Stifel Financial Corporation $SF

GSA Capital Partners LLP acquired a new position in shares of Stifel Financial Corporation (NYSE:SF) during the 2nd quarter, Holdings Channel reports. The fund acquired 10,364 shares of the financial services provider’s stock, valued at approximately $723,000.

A number of other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP increased its stake 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 in the last quarter. AQR Capital Management LLC boosted its position in shares of Stifel Financial by 94.8% during the fourth quarter. AQR Capital Management LLC now owns 2,893,850 shares of the financial services provider’s stock worth $362,368,000 after purchasing an additional 1,408,347 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Stifel Financial by 51.6% during the first quarter. Dimensional Fund Advisors LP now owns 2,616,616 shares of the financial services provider’s stock worth $193,403,000 after purchasing an additional 890,810 shares in the last quarter. Boston Partners grew its holdings in shares of Stifel Financial by 2.0% in the 3rd quarter. Boston Partners now owns 2,371,880 shares of the financial services provider’s stock valued at $269,128,000 after buying an additional 45,631 shares during the period. Finally, Bank of America Corp DE grew its holdings in shares of Stifel Financial by 58.7% in the 1st quarter. Bank of America Corp DE now owns 1,875,501 shares of the financial services provider’s stock valued at $138,637,000 after buying an additional 693,437 shares during the period. Institutional investors and hedge funds own 82.01% of the company’s stock.

Stifel Financial Stock Down 1.2%

Shares of SF stock opened at $82.73 on Thursday. The firm has a fifty day moving average of $77.86 and a 200-day moving average of $76.46. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt-to-equity ratio of 0.33. Stifel Financial Corporation has a 12-month low of $67.81 and a 12-month high of $89.83. The company has a market capitalization of $12.49 billion, a price-to-earnings ratio of 14.81 and a beta of 0.99.

Stifel Financial (NYSE:SF) last issued its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.09. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. Stifel Financial had a net margin of 16.11% and a return on equity of 19.22%. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the business posted $1.71 earnings per share. As a group, equities research analysts predict that Stifel Financial Corporation will post 6.36 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.34 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.36 annualized dividend and a dividend yield of 1.6%. Stifel Financial’s dividend payout ratio (DPR) is currently 24.33%.

Wall Street Analyst Weigh In

SF has been the topic of several research analyst reports. UBS Group set a $90.00 price objective on Stifel Financial in a research note on Thursday, July 23rd. JPMorgan Chase & Co. boosted their target price on Stifel Financial from $80.00 to $86.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Zacks Research upgraded Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Wall Street Zen lowered Stifel Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Stifel Financial in a report on Friday, May 29th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $91.90.

Insider Activity

In other news, Director Maryam S. Brown sold 4,700 shares of the business’s stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $79.20, for a total value of $372,240.00. Following the sale, the director directly owned 5,729 shares in the company, valued at $453,736.80. The trade was a 45.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.36% of the stock is owned by corporate insiders.

Stifel Financial Company Profile

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.