Pinnbrook Capital Management LP Sells 40,088 Shares of Stifel Financial Corporation $SF

Pinnbrook Capital Management LP reduced its stake in shares of Stifel Financial Corporation (NYSE:SF) by 69.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,529 shares of the financial services provider’s stock after selling 40,088 shares during the quarter. Pinnbrook Capital Management LP’s holdings in Stifel Financial were worth $2,195,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AEGON ASSET MANAGEMENT UK Plc grew its stake in shares of Stifel Financial by 32.2% during the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 184,047 shares of the financial services provider’s stock valued at $20,876,000 after buying an additional 44,844 shares during the last quarter. Algebris UK Ltd. grew its stake in shares of Stifel Financial by 136.8% in the third quarter. Algebris UK Ltd. now owns 246,198 shares of the financial services provider’s stock worth $27,915,000 after purchasing an additional 142,223 shares during the last quarter. Riverwater Partners LLC bought a new stake in shares of Stifel Financial in the third quarter worth about $984,000. Horizon Investments LLC grew its stake in shares of Stifel Financial by 146.7% in the fourth quarter. Horizon Investments LLC now owns 63,089 shares of the financial services provider’s stock worth $7,900,000 after purchasing an additional 37,516 shares during the last quarter. Finally, Strs Ohio grew its stake in shares of Stifel Financial by 25.8% in the fourth quarter. Strs Ohio now owns 72,168 shares of the financial services provider’s stock worth $9,037,000 after purchasing an additional 14,779 shares during the last quarter. 82.01% of the stock is owned by institutional investors.

Stifel Financial Trading Down 0.8%

SF opened at $72.46 on Friday. The stock has a market cap of $11.12 billion, a PE ratio of 14.10 and a beta of 1.05. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.29. The business has a 50 day moving average of $75.17 and a 200-day moving average of $79.74. Stifel Financial Corporation has a 52 week low of $60.62 and a 52 week high of $89.83.

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

Stifel Financial Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, June 1st. Stifel Financial’s dividend payout ratio (DPR) is presently 26.46%.

Analysts Set New Price Targets

Several analysts recently issued reports on SF shares. Weiss Ratings raised Stifel Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. TD Cowen cut 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. UBS Group cut their target price on Stifel Financial from $100.00 to $89.00 and set a “buy” rating on the stock in a research note on Wednesday, April 8th. Finally, Zacks Research cut Stifel Financial from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 21st. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company 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.