105,314 Shares in Stifel Financial Corporation $SF Acquired by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in shares of Stifel Financial Corporation (NYSE:SF) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 105,314 shares of the financial services provider’s stock, valued at approximately $7,348,000. Quantbot Technologies LP owned 0.07% of Stifel Financial at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SF. Fifth Third Bancorp raised its holdings in shares of Stifel Financial by 430.4% during the first quarter. Fifth Third Bancorp now owns 73,993 shares of the financial services provider’s stock valued at $5,470,000 after buying an additional 60,042 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Stifel Financial by 49.9% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 38,209 shares of the financial services provider’s stock worth $2,824,000 after buying an additional 12,727 shares in the last quarter. Heartland Advisors Inc. increased its position in Stifel Financial by 56.3% in the 1st quarter. Heartland Advisors Inc. now owns 134,153 shares of the financial services provider’s stock valued at $9,917,000 after acquiring an additional 48,346 shares during the period. Royal Bank of Canada increased its position in Stifel Financial by 43.0% in the 1st quarter. Royal Bank of Canada now owns 143,081 shares of the financial services provider’s stock valued at $10,578,000 after acquiring an additional 43,036 shares during the period. Finally, North Reef Capital Management LP bought a new stake in Stifel Financial during the 1st quarter valued at $4,230,000. 82.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SF has been the subject of several recent analyst reports. UBS Group set a $90.00 price target on Stifel Financial in a research note on Thursday, July 23rd. JPMorgan Chase & Co. upped their price objective on shares of Stifel Financial from $80.00 to $86.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Zacks Research upgraded shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of Stifel Financial in a research note on Friday, May 29th. Finally, Wall Street Zen downgraded shares of Stifel Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Five 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 an average rating of “Moderate Buy” and an average target price of $91.90.

Insider Activity at Stifel Financial

In related news, Director Maryam S. Brown sold 4,700 shares of the business’s stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $79.20, for a total value of $372,240.00. Following the sale, the director directly owned 5,729 shares in the company, valued at $453,736.80. The trade was a 45.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.36% of the stock is owned by insiders.

Stifel Financial Stock Up 1.3%

SF opened at $80.95 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.83 and a current ratio of 0.88. The company has a market capitalization of $12.22 billion, a PE ratio of 14.49 and a beta of 0.99. The stock’s fifty day moving average is $78.20 and its 200-day moving average is $76.47. Stifel Financial Corporation has a one year low of $67.81 and a one year high of $89.83.

Stifel Financial (NYSE:SF) last announced its earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.09. Stifel Financial had a return on equity of 19.22% and a net margin of 16.11%.The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter last year, the business posted $1.71 earnings per share. The company’s quarterly revenue was up 13.0% on a year-over-year basis. On average, equities analysts predict that Stifel Financial Corporation will post 6.36 EPS for the current fiscal year.

Stifel Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.34 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.36 annualized dividend and a dividend yield of 1.7%. Stifel Financial’s payout ratio is currently 24.33%.

Stifel Financial Company 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.