PDT Partners LLC Takes Position in Stifel Financial Corporation $SF

PDT Partners LLC acquired a new stake in Stifel Financial Corporation (NYSE:SF) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 229,968 shares of the financial services provider’s stock, valued at approximately $16,045,000. Stifel Financial comprises about 0.8% of PDT Partners LLC’s investment portfolio, making the stock its 15th biggest position.

Other institutional investors also recently bought and sold shares of the company. Advisory Services Network LLC purchased a new stake in Stifel Financial during the 3rd quarter worth approximately $29,000. Activest Wealth Management increased its stake in Stifel Financial by 12,000.0% during the 4th quarter. Activest Wealth Management now owns 242 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 240 shares in the last quarter. Danske Bank A S purchased a new position in shares of Stifel Financial in the second quarter worth $31,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Stifel Financial in the fourth quarter worth $34,000. Finally, Keating Financial Advisory Services Inc. acquired a new stake in shares of Stifel Financial during the second quarter worth $35,000. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Stifel Financial Stock Performance

Shares of NYSE SF opened at $79.72 on Wednesday. The company has a 50 day simple moving average of $78.46 and a two-hundred day simple moving average of $76.37. The stock has a market cap of $12.04 billion, a price-to-earnings ratio of 14.27 and a beta of 0.99. The company has a current ratio of 0.88, a quick ratio of 0.83 and a debt-to-equity ratio of 0.33. Stifel Financial Corporation has a 12 month low of $67.81 and a 12 month high of $89.83.

Stifel Financial (NYSE:SF) last issued its earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.09. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Stifel Financial had a net margin of 16.11% and a return on equity of 19.22%. The firm’s revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.71 earnings per share. As a group, analysts predict that Stifel Financial Corporation will post 6.36 earnings per share for the current year.

Stifel Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 1st. Stifel Financial’s payout ratio is 24.33%.

Insider Activity at Stifel Financial

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

Analyst Ratings Changes

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

Stifel Financial Profile

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.