89,344 Shares in Stifel Financial Corporation $SF Purchased by Moore Capital Management LP

Moore Capital Management LP purchased a new position in Stifel Financial Corporation (NYSE:SF) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 89,344 shares of the financial services provider’s stock, valued at approximately $11,188,000. Moore Capital Management LP owned approximately 0.09% of Stifel Financial at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SF. Advisory Services Network LLC bought a new position in Stifel Financial in the 3rd quarter worth about $29,000. Activest Wealth Management lifted 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 acquiring an additional 240 shares during the period. Pinnacle Holdings LLC bought a new position in Stifel Financial during the 3rd quarter valued at about $32,000. IAG Wealth Partners LLC bought a new position in Stifel Financial during the 3rd quarter valued at about $39,000. Finally, Cullen Frost Bankers Inc. bought a new position in Stifel Financial during the 4th quarter valued at about $50,000. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Price Performance

Shares of NYSE:SF opened at $73.47 on Thursday. The firm’s 50 day moving average price is $74.97 and its 200-day moving average price is $78.60. Stifel Financial Corporation has a twelve month low of $63.91 and a twelve month high of $89.83. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $11.27 billion, a PE ratio of 14.29 and a beta of 1.00.

Stifel Financial (NYSE:SF) last issued its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.06. Stifel Financial had a net margin of 15.34% and a return on equity of 18.76%. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the prior year, the business earned $0.49 EPS. The business’s quarterly revenue was up 17.7% on a year-over-year basis. Equities research analysts expect that Stifel Financial Corporation will post 6.25 EPS for the current year.

Stifel Financial Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Monday, June 1st. Stifel Financial’s dividend payout ratio is 26.46%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SF. TD Cowen lowered their target price on shares of Stifel Financial from $136.00 to $92.00 and set a “hold” rating on the stock in a research note on Monday, March 23rd. UBS Group lowered their target price on shares of Stifel Financial from $100.00 to $89.00 and set a “buy” rating on the stock in a research note on Wednesday, April 8th. Zacks Research upgraded shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Stifel Financial in a research note on Friday, May 29th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $91.15.

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.