Stifel Financial Corporation $SF Stock Holdings Lifted by Cinctive Capital Management LP

Cinctive Capital Management LP lifted its stake in shares of Stifel Financial Corporation (NYSE:SF) by 1,908.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 77,411 shares of the financial services provider’s stock after acquiring an additional 73,557 shares during the period. Cinctive Capital Management LP’s holdings in Stifel Financial were worth $9,693,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Essex Financial Services Inc. boosted its stake in shares of Stifel Financial by 4.2% during the 3rd quarter. Essex Financial Services Inc. now owns 2,533 shares of the financial services provider’s stock worth $287,000 after acquiring an additional 102 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in shares of Stifel Financial by 15.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 811 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 106 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Stifel Financial by 0.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 23,449 shares of the financial services provider’s stock worth $2,936,000 after acquiring an additional 114 shares in the last quarter. Principal Securities Inc. boosted its stake in shares of Stifel Financial by 6.9% during the 4th quarter. Principal Securities Inc. now owns 1,926 shares of the financial services provider’s stock worth $241,000 after acquiring an additional 124 shares in the last quarter. Finally, Clark Capital Management Group Inc. boosted its stake in shares of Stifel Financial by 3.8% during the 3rd quarter. Clark Capital Management Group Inc. now owns 3,642 shares of the financial services provider’s stock worth $413,000 after acquiring an additional 134 shares in the last quarter. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Price Performance

Shares of NYSE:SF opened at $73.47 on Thursday. The business has a 50 day moving average price of $74.97 and a 200 day moving average price of $78.60. Stifel Financial Corporation has a twelve month low of $63.91 and a twelve month high of $89.83. The company has a market cap of $11.27 billion, a price-to-earnings ratio of 14.29 and a beta of 1.00. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.29.

Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.39 by $0.06. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Stifel Financial had a return on equity of 18.76% and a net margin of 15.34%.The company’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 EPS. Research analysts predict that Stifel Financial Corporation will post 6.25 earnings per share for the current 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 issued a $0.34 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.36 annualized dividend and a yield of 1.9%. Stifel Financial’s dividend payout ratio is 26.46%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. TD Cowen decreased their price target on Stifel Financial from $136.00 to $92.00 and set a “hold” rating for the company in a research note on Monday, March 23rd. Zacks Research upgraded Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stifel Financial in a research note on Friday, May 29th. Finally, UBS Group decreased their price target on Stifel Financial from $100.00 to $89.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. 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 currently has an average rating of “Moderate Buy” and a consensus target price of $91.15.

About Stifel Financial

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.