Point72 Asia Singapore Pte. Ltd. Invests $61,000 in Stifel Financial Corp. (NYSE:SF)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in Stifel Financial Corp. (NYSE:SF) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 577 shares of the financial services provider’s stock, valued at approximately $61,000.

Several other institutional investors have also made changes to their positions in SF. FMR LLC raised its position in shares of Stifel Financial by 8.5% in the 4th quarter. FMR LLC now owns 8,628,832 shares of the financial services provider’s stock valued at $915,346,000 after buying an additional 672,420 shares in the last quarter. Wellington Management Group LLP raised its position in Stifel Financial by 32.2% during the fourth quarter. Wellington Management Group LLP now owns 2,588,964 shares of the financial services provider’s stock valued at $274,637,000 after purchasing an additional 630,255 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Stifel Financial by 5.2% during the fourth quarter. Fisher Asset Management LLC now owns 1,540,584 shares of the financial services provider’s stock worth $163,425,000 after purchasing an additional 76,163 shares during the last quarter. Norges Bank acquired a new stake in shares of Stifel Financial in the 4th quarter valued at $137,448,000. Finally, Invesco Ltd. increased its stake in shares of Stifel Financial by 18.2% in the 4th quarter. Invesco Ltd. now owns 1,207,465 shares of the financial services provider’s stock valued at $128,088,000 after purchasing an additional 186,352 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SF shares. JPMorgan Chase & Co. decreased their target price on Stifel Financial from $123.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. JMP Securities decreased their price target on shares of Stifel Financial from $135.00 to $120.00 and set a “market outperform” rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company dropped their price objective on shares of Stifel Financial from $106.00 to $102.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. TD Cowen decreased their target price on shares of Stifel Financial from $124.00 to $84.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. Finally, Citigroup dropped their price target on Stifel Financial from $125.00 to $105.00 and set a “neutral” rating for the company in a research note on Wednesday, April 2nd. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $105.50.

Stifel Financial Price Performance

Shares of NYSE:SF opened at $98.90 on Monday. The firm has a market cap of $10.16 billion, a PE ratio of 15.85 and a beta of 1.07. Stifel Financial Corp. has a 52 week low of $73.27 and a 52 week high of $120.64. The firm’s fifty day moving average is $90.13 and its 200-day moving average is $102.91. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82.

Stifel Financial (NYSE:SF) last announced its earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 EPS for the quarter, missing the consensus estimate of $1.64 by ($1.15). The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.32 billion. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.49 earnings per share. Sell-side analysts predict that Stifel Financial Corp. will post 8.26 earnings per share for the current year.

Stifel Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date is Monday, June 2nd. Stifel Financial’s dividend payout ratio is currently 35.18%.

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.