Quantbot Technologies LP Invests $7.35 Million in Stifel Financial Corporation $SF

Quantbot Technologies LP bought a new stake in shares of Stifel Financial Corporation (NYSE:SF) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 105,314 shares of the financial services provider’s stock, valued at approximately $7,348,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. NewEdge Advisors LLC raised its holdings in Stifel Financial by 5.8% during the 1st quarter. NewEdge Advisors LLC now owns 2,673 shares of the financial services provider’s stock worth $252,000 after buying an additional 147 shares during the period. Jones Financial Companies Lllp lifted its stake in Stifel Financial by 1,162.6% during the first quarter. Jones Financial Companies Lllp now owns 2,702 shares of the financial services provider’s stock valued at $255,000 after buying an additional 2,488 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Stifel Financial by 106.8% in the second quarter. EverSource Wealth Advisors LLC now owns 974 shares of the financial services provider’s stock worth $101,000 after buying an additional 503 shares during the period. First Trust Advisors LP increased its position in shares of Stifel Financial by 86.5% in the second quarter. First Trust Advisors LP now owns 128,630 shares of the financial services provider’s stock worth $13,349,000 after acquiring an additional 59,662 shares in the last quarter. Finally, Amundi increased its position in shares of Stifel Financial by 51.0% in the second quarter. Amundi now owns 31,906 shares of the financial services provider’s stock worth $3,425,000 after acquiring an additional 10,771 shares in the last quarter. Institutional investors and hedge funds own 82.01% of the company’s stock.

Stifel Financial Stock Performance

SF stock opened at $80.95 on Friday. The firm has a 50 day simple moving average of $78.20 and a 200 day simple moving average of $76.47. Stifel Financial Corporation has a 52 week low of $67.81 and a 52 week high of $89.83. The stock has a market cap of $12.22 billion, a P/E ratio of 14.49 and a beta of 0.99. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.83 and a current ratio of 0.88.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.09. Stifel Financial had a net margin of 16.11% and a return on equity of 19.22%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the business earned $1.71 EPS. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. Research analysts anticipate that Stifel Financial Corporation will post 6.36 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.7%. Stifel Financial’s dividend payout ratio is 24.33%.

Insider Buying and Selling at Stifel Financial

In related news, Director Maryam S. Brown sold 4,700 shares of the stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $79.20, for a total transaction of $372,240.00. Following the completion of the sale, the director directly owned 5,729 shares in the company, valued at approximately $453,736.80. This trade represents a 45.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.36% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.