Cinctive Capital Management LP Takes $1.19 Million Position in Stifel Financial Corp. (NYSE:SF)

Cinctive Capital Management LP bought a new position in shares of Stifel Financial Corp. (NYSE:SF) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 12,656 shares of the financial services provider’s stock, valued at approximately $1,188,000.

Several other large investors have also recently added to or reduced their stakes in SF. SG Americas Securities LLC acquired a new position in shares of Stifel Financial during the second quarter worth about $1,543,000. Blue Trust Inc. raised its holdings in shares of Stifel Financial by 268.6% in the 2nd quarter. Blue Trust Inc. now owns 8,798 shares of the financial services provider’s stock valued at $688,000 after purchasing an additional 6,411 shares in the last quarter. Capital CS Group LLC purchased a new stake in shares of Stifel Financial during the 2nd quarter worth $614,000. Curi RMB Capital LLC raised its stake in Stifel Financial by 15.7% in the third quarter. Curi RMB Capital LLC now owns 69,301 shares of the financial services provider’s stock valued at $6,507,000 after buying an additional 9,396 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in shares of Stifel Financial by 19.7% during the 2nd quarter. Thrivent Financial for Lutherans now owns 51,603 shares of the financial services provider’s stock worth $4,342,000 after acquiring an additional 8,496 shares in the last quarter. 82.01% of the stock is owned by hedge funds and other institutional investors.

Stifel Financial Stock Performance

Shares of SF stock opened at $113.80 on Wednesday. The stock’s 50-day moving average price is $105.61 and its 200 day moving average price is $91.27. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $11.65 billion, a PE ratio of 20.58 and a beta of 1.08. Stifel Financial Corp. has a 52-week low of $62.79 and a 52-week high of $119.12.

Stifel Financial (NYSE:SF) last released its earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.10). Stifel Financial had a net margin of 12.98% and a return on equity of 14.92%. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the firm posted $0.60 EPS. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. As a group, equities research analysts forecast that Stifel Financial Corp. will post 6.44 EPS for the current year.

Stifel Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Monday, December 2nd. Stifel Financial’s dividend payout ratio (DPR) is presently 30.38%.

Insider Activity

In related news, COO David D. Sliney sold 25,000 shares of Stifel Financial stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $116.18, for a total value of $2,904,500.00. Following the sale, the chief operating officer now directly owns 159,619 shares in the company, valued at $18,544,535.42. The trade was a 13.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 4.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SF. The Goldman Sachs Group boosted their target price on Stifel Financial from $85.00 to $94.00 and gave the stock a “neutral” rating in a research note on Thursday, September 26th. TD Cowen increased their target price on shares of Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a research report on Thursday, October 24th. StockNews.com cut shares of Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Wells Fargo & Company raised their price objective on Stifel Financial from $113.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Finally, JMP Securities boosted their target price on Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $103.17.

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.