Y Intercept Hong Kong Ltd Purchases 31,646 Shares of Stifel Financial Corporation $SF

Y Intercept Hong Kong Ltd boosted its position in shares of Stifel Financial Corporation (NYSE:SF) by 71.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 75,681 shares of the financial services provider’s stock after purchasing an additional 31,646 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Stifel Financial were worth $5,594,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Horizon Investments LLC lifted its stake in Stifel Financial by 146.7% in the fourth quarter. Horizon Investments LLC now owns 63,089 shares of the financial services provider’s stock worth $7,900,000 after acquiring an additional 37,516 shares during the period. Strs Ohio increased its position in Stifel Financial by 25.8% during the 4th quarter. Strs Ohio now owns 72,168 shares of the financial services provider’s stock valued at $9,037,000 after purchasing an additional 14,779 shares during the period. Brandywine Oak Private Wealth LLC increased its position in Stifel Financial by 40.0% during the 1st quarter. Brandywine Oak Private Wealth LLC now owns 66,682 shares of the financial services provider’s stock valued at $4,929,000 after purchasing an additional 19,053 shares during the period. New Age Alpha Advisors LLC raised its holdings in shares of Stifel Financial by 38.2% in the 4th quarter. New Age Alpha Advisors LLC now owns 55,946 shares of the financial services provider’s stock valued at $7,006,000 after purchasing an additional 15,470 shares in the last quarter. Finally, Polianta Ltd bought a new stake in shares of Stifel Financial in the 1st quarter valued at about $1,522,000. 82.01% of the stock is owned by institutional investors.

Stifel Financial Stock Down 0.1%

NYSE:SF opened at $73.12 on Friday. The company’s 50-day simple moving average is $73.23 and its 200-day simple moving average is $77.65. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 0.85. Stifel Financial Corporation has a fifty-two week low of $67.81 and a fifty-two week high of $89.83. The stock has a market capitalization of $11.22 billion, a P/E ratio of 14.23 and a beta of 1.01.

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

Stifel Financial Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.36 dividend on an annualized basis and a yield of 1.9%. Stifel Financial’s payout ratio is currently 26.46%.

Analyst Upgrades and Downgrades

SF has been the topic of a number of recent research reports. TD Cowen dropped their price objective 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 reduced their price objective on shares of Stifel Financial from $100.00 to $89.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday, May 29th. Finally, Zacks Research upgraded Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.