Stifel Financial Corporation $SF Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC lessened its position in shares of Stifel Financial Corporation (NYSE:SF) by 86.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 30,027 shares of the financial services provider’s stock after selling 186,777 shares during the period. Squarepoint Ops LLC’s holdings in Stifel Financial were worth $3,116,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Zurich Insurance Group Ltd FI purchased a new stake in shares of Stifel Financial in the first quarter valued at about $1,386,000. OLD National Bancorp IN purchased a new stake in Stifel Financial in the 2nd quarter valued at approximately $243,000. Sequoia Financial Advisors LLC acquired a new stake in Stifel Financial during the 2nd quarter valued at $606,000. Russell Investments Group Ltd. increased its position in Stifel Financial by 93.8% during the first quarter. Russell Investments Group Ltd. now owns 28,536 shares of the financial services provider’s stock worth $2,690,000 after buying an additional 13,814 shares in the last quarter. Finally, Invesco Ltd. increased its position in Stifel Financial by 12.9% during the second quarter. Invesco Ltd. now owns 1,368,457 shares of the financial services provider’s stock worth $142,018,000 after buying an additional 156,877 shares in the last quarter. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Stifel Financial Trading Down 0.5%

NYSE SF opened at $127.56 on Wednesday. The company has a market cap of $12.99 billion, a P/E ratio of 22.54 and a beta of 1.14. Stifel Financial Corporation has a 12 month low of $73.27 and a 12 month high of $133.08. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.84 and a quick ratio of 0.79. The company has a 50-day moving average of $119.23 and a 200-day moving average of $112.58.

Stifel Financial (NYSE:SF) last released its earnings results on Wednesday, October 22nd. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.06. Stifel Financial had a net margin of 12.44% and a return on equity of 14.95%. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period last year, the company earned $1.50 earnings per share. The company’s quarterly revenue was up 16.7% on a year-over-year basis. As a group, equities analysts predict that Stifel Financial Corporation will post 8.26 earnings per share for the current year.

Stifel Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $1.84 annualized dividend and a dividend yield of 1.4%. Stifel Financial’s payout ratio is currently 32.51%.

Analyst Ratings Changes

SF has been the topic of several recent research reports. BMO Capital Markets assumed coverage on Stifel Financial in a research report on Friday, October 3rd. They issued a “market perform” rating and a $121.00 price objective on the stock. JPMorgan Chase & Co. upped their target price on shares of Stifel Financial from $125.00 to $133.00 and gave the company a “neutral” rating in a report on Thursday, October 23rd. Citigroup reiterated an “outperform” rating on shares of Stifel Financial in a report on Thursday, October 9th. JMP Securities upped their price objective on shares of Stifel Financial from $130.00 to $135.00 and gave the company a “market outperform” rating in a research note on Thursday, October 9th. Finally, TD Cowen upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating and raised their target price for the stock from $118.00 to $131.00 in a research report on Wednesday, October 8th. Seven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Stifel Financial has a consensus rating of “Moderate Buy” and an average price target of $127.40.

Stifel Financial 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.