Quadrature Capital Ltd Makes New Investment in Stifel Financial Corp. (NYSE:SF)

Quadrature Capital Ltd bought a new position in Stifel Financial Corp. (NYSE:SF) during the fourth quarter, Holdings Channel reports. The institutional investor bought 9,384 shares of the financial services provider’s stock, valued at approximately $649,000.

A number of other large investors have also recently bought and sold shares of the business. Steward Partners Investment Advisory LLC increased its stake in shares of Stifel Financial by 0.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 22,537 shares of the financial services provider’s stock valued at $1,558,000 after purchasing an additional 141 shares during the period. Blue Trust Inc. increased its stake in shares of Stifel Financial by 9.9% in the fourth quarter. Blue Trust Inc. now owns 2,125 shares of the financial services provider’s stock valued at $147,000 after purchasing an additional 192 shares during the period. Boston Partners increased its stake in shares of Stifel Financial by 0.5% in the fourth quarter. Boston Partners now owns 37,765 shares of the financial services provider’s stock valued at $2,611,000 after purchasing an additional 199 shares during the period. Signaturefd LLC increased its stake in shares of Stifel Financial by 29.4% in the fourth quarter. Signaturefd LLC now owns 1,030 shares of the financial services provider’s stock valued at $71,000 after purchasing an additional 234 shares during the period. Finally, Treasurer of the State of North Carolina increased its stake in shares of Stifel Financial by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 46,507 shares of the financial services provider’s stock valued at $2,857,000 after purchasing an additional 235 shares during the period. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Trading Down 1.4 %

Stifel Financial stock opened at $80.26 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 0.84. The firm has a market cap of $8.22 billion, a price-to-earnings ratio of 18.24 and a beta of 1.12. Stifel Financial Corp. has a 1 year low of $54.81 and a 1 year high of $84.23. The firm’s 50 day moving average price is $79.96 and its two-hundred day moving average price is $75.30.

Stifel Financial (NYSE:SF) last posted its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.13). Stifel Financial had a return on equity of 12.40% and a net margin of 11.34%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the business posted $1.40 EPS. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, research analysts predict that Stifel Financial Corp. will post 7.04 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date was Monday, June 3rd. Stifel Financial’s dividend payout ratio is 38.18%.

Insider Buying and Selling

In related news, Director David A. Peacock sold 13,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $79.90, for a total value of $1,038,700.00. Following the completion of the transaction, the director now owns 18,646 shares of the company’s stock, valued at approximately $1,489,815.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on SF shares. JMP Securities restated a “market outperform” rating and issued a $88.00 price target on shares of Stifel Financial in a research note on Tuesday, April 9th. StockNews.com lowered shares of Stifel Financial from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 9th. TD Cowen lifted their price target on shares of Stifel Financial from $86.50 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. Finally, Citigroup lifted their price target on shares of Stifel Financial from $74.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $84.50.

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.