Cubist Systematic Strategies LLC Buys Shares of 2,569 Stifel Financial Corporation (SF)

Cubist Systematic Strategies LLC bought a new position in Stifel Financial Corporation (NYSE:SF) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,569 shares of the financial services provider’s stock, valued at approximately $137,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of SF. Public Employees Retirement System of Ohio increased its position in Stifel Financial by 5.0% in the second quarter. Public Employees Retirement System of Ohio now owns 2,379 shares of the financial services provider’s stock worth $109,000 after buying an additional 113 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Stifel Financial by 9.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,570 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 212 shares in the last quarter. Riverhead Capital Management LLC grew its stake in shares of Stifel Financial by 91.4% in the second quarter. Riverhead Capital Management LLC now owns 3,827 shares of the financial services provider’s stock worth $176,000 after purchasing an additional 1,827 shares in the last quarter. M&T Bank Corp grew its stake in shares of Stifel Financial by 8.7% in the second quarter. M&T Bank Corp now owns 4,540 shares of the financial services provider’s stock worth $209,000 after purchasing an additional 365 shares in the last quarter. Finally, Shelton Capital Management bought a new position in shares of Stifel Financial in the second quarter worth $221,000. 88.54% of the stock is currently owned by hedge funds and other institutional investors.

Stifel Financial Corporation (SF) opened at $67.48 on Friday. Stifel Financial Corporation has a 52 week low of $41.93 and a 52 week high of $68.72. The stock has a market capitalization of $4,587.99, a price-to-earnings ratio of 26.88, a PEG ratio of 1.10 and a beta of 1.71. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.68.

Stifel Financial (NYSE:SF) last announced its earnings results on Monday, October 30th. The financial services provider reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.06. Stifel Financial had a return on equity of 9.40% and a net margin of 9.01%. The business had revenue of $721.20 million during the quarter, compared to analysts’ expectations of $701.12 million. During the same quarter last year, the business posted $0.69 earnings per share. The company’s quarterly revenue was up 12.3% on a year-over-year basis. research analysts expect that Stifel Financial Corporation will post 3.44 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.40 annualized dividend and a yield of 0.59%. Stifel Financial’s dividend payout ratio is currently 15.94%.

In related news, Director Frederick O. Hanser sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $51.96, for a total transaction of $155,880.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James M. Oates sold 1,768 shares of the stock in a transaction on Friday, November 10th. The shares were sold at an average price of $52.27, for a total value of $92,413.36. Following the completion of the transaction, the director now owns 28,640 shares of the company’s stock, valued at approximately $1,497,012.80. The disclosure for this sale can be found here. Insiders have sold 54,304 shares of company stock valued at $2,869,480 in the last ninety days. Company insiders own 3.60% of the company’s stock.

Several research firms have recently issued reports on SF. Goldman Sachs Group raised Stifel Financial from a “neutral” rating to a “buy” rating and increased their price target for the stock from $56.00 to $77.00 in a research note on Monday, January 8th. Zacks Investment Research raised Stifel Financial from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research note on Friday, January 5th. Wells Fargo & Co increased their price target on Stifel Financial from $64.00 to $70.00 in a research note on Thursday, January 4th. Nomura raised Stifel Financial from a “neutral” rating to a “buy” rating and increased their price target for the stock from $58.00 to $77.00 in a research note on Wednesday, January 3rd. Finally, Instinet raised Stifel Financial from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 3rd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Stifel Financial has an average rating of “Buy” and a consensus price target of $66.83.

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About Stifel Financial

Stifel Financial Corp. is a financial holding company. Its principal subsidiary is Stifel, Nicolaus & Company, Incorporated, a retail and institutional wealth management and investment banking firm. It operates through three segments: Global Wealth Management, Institutional Group and Other. The Global Wealth Management segment consists of the Private Client Group and Stifel Bank businesses.

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Institutional Ownership by Quarter for Stifel Financial (NYSE:SF)

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