Pinnbrook Capital Management LP Sells 40,088 Shares of Stifel Financial Corporation $SF

Pinnbrook Capital Management LP trimmed its position in shares of Stifel Financial Corporation (NYSE:SF) by 69.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,529 shares of the financial services provider’s stock after selling 40,088 shares during the period. Pinnbrook Capital Management LP’s holdings in Stifel Financial were worth $2,195,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. AEGON ASSET MANAGEMENT UK Plc boosted its holdings in shares of Stifel Financial by 32.2% in the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 184,047 shares of the financial services provider’s stock worth $20,876,000 after acquiring an additional 44,844 shares during the period. Algebris UK Ltd. boosted its holdings in shares of Stifel Financial by 136.8% in the third quarter. Algebris UK Ltd. now owns 246,198 shares of the financial services provider’s stock worth $27,915,000 after acquiring an additional 142,223 shares during the period. Riverwater Partners LLC bought a new position in shares of Stifel Financial in the third quarter worth $984,000. Horizon Investments LLC boosted its holdings in shares of 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. Finally, Strs Ohio boosted its holdings in shares of Stifel Financial by 25.8% in the fourth quarter. Strs Ohio now owns 72,168 shares of the financial services provider’s stock worth $9,037,000 after acquiring an additional 14,779 shares during the period. 82.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SF. Zacks Research lowered Stifel Financial from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 21st. Weiss Ratings raised Stifel Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. UBS Group cut their price target on Stifel Financial from $100.00 to $89.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. Finally, TD Cowen cut their price target on Stifel Financial from $136.00 to $92.00 and set a “hold” rating for the company in a report on Monday, March 23rd. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $91.15.

Stifel Financial Trading Down 0.8%

NYSE SF opened at $72.46 on Friday. The stock’s 50-day simple moving average is $75.17 and its two-hundred day simple moving average is $79.74. Stifel Financial Corporation has a twelve month low of $60.62 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 company has a market capitalization of $11.12 billion, a price-to-earnings ratio of 14.10 and a beta of 1.05.

Stifel Financial (NYSE:SF) last released its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share for the quarter, beating 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 quarter last year, the business posted $0.49 earnings per share. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. Research analysts forecast that Stifel Financial Corporation will post 6.25 EPS for the current fiscal year.

Stifel Financial Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, June 1st. Stifel Financial’s dividend payout ratio (DPR) is 26.46%.

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.