Cubist Systematic Strategies LLC Acquires Shares of 35,124 Stifel Financial Corp. (NYSE:SF)

Cubist Systematic Strategies LLC bought a new stake in shares of Stifel Financial Corp. (NYSE:SF) in the fourth quarter, Holdings Channel reports. The firm bought 35,124 shares of the financial services provider’s stock, valued at approximately $3,726,000.

A number of other institutional investors also recently modified their holdings of the stock. FMR LLC raised its holdings in shares of Stifel Financial by 8.5% during the fourth quarter. FMR LLC now owns 8,628,832 shares of the financial services provider’s stock worth $915,346,000 after acquiring an additional 672,420 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Stifel Financial by 32.2% during the 4th quarter. Wellington Management Group LLP now owns 2,588,964 shares of the financial services provider’s stock worth $274,637,000 after purchasing an additional 630,255 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Stifel Financial by 5.2% during the 4th quarter. Fisher Asset Management LLC now owns 1,540,584 shares of the financial services provider’s stock valued at $163,425,000 after buying an additional 76,163 shares during the last quarter. Norges Bank bought a new stake in shares of Stifel Financial in the 4th quarter valued at approximately $137,448,000. Finally, Invesco Ltd. increased its holdings in Stifel Financial by 18.2% in the fourth quarter. Invesco Ltd. now owns 1,207,465 shares of the financial services provider’s stock worth $128,088,000 after buying an additional 186,352 shares during the last quarter. Institutional investors and hedge funds own 82.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SF. StockNews.com upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. UBS Group upped their price objective on shares of Stifel Financial from $116.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Citigroup cut their price objective on Stifel Financial from $125.00 to $105.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 2nd. The Goldman Sachs Group reduced their price objective on shares of Stifel Financial from $121.00 to $105.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Finally, TD Cowen lowered 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. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Stifel Financial has an average rating of “Hold” and a consensus target price of $105.50.

Stifel Financial Stock Performance

NYSE SF opened at $91.39 on Friday. The company’s fifty day moving average is $89.88 and its two-hundred day moving average is $103.10. Stifel Financial Corp. has a 52-week low of $73.27 and a 52-week high of $120.64. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78. The firm has a market capitalization of $9.42 billion, a price-to-earnings ratio of 14.65 and a beta of 1.07.

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

Stifel Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a $0.46 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.84 annualized dividend and a yield of 2.01%. Stifel Financial’s dividend payout ratio (DPR) is currently 35.18%.

Stifel Financial Company 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.