Inceptionr LLC Sells 7,024 Shares of Stifel Financial Corporation $SF

Inceptionr LLC lowered its stake in Stifel Financial Corporation (NYSE:SF) by 52.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 6,396 shares of the financial services provider’s stock after selling 7,024 shares during the period. Inceptionr LLC’s holdings in Stifel Financial were worth $473,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of Nova Scotia boosted its holdings in Stifel Financial by 366.4% during the 1st quarter. Bank of Nova Scotia now owns 341,855 shares of the financial services provider’s stock valued at $25,270,000 after acquiring an additional 268,556 shares during the period. Systematic Financial Management LP increased its stake in Stifel Financial by 49.1% in the 1st quarter. Systematic Financial Management LP now owns 616,827 shares of the financial services provider’s stock worth $45,596,000 after purchasing an additional 203,152 shares during the period. Sei Investments Co. increased its stake in Stifel Financial by 61.8% in the 1st quarter. Sei Investments Co. now owns 412,508 shares of the financial services provider’s stock worth $30,492,000 after purchasing an additional 157,609 shares during the period. Lido Advisors LLC lifted its position in Stifel Financial by 82.5% in the first quarter. Lido Advisors LLC now owns 3,230 shares of the financial services provider’s stock valued at $239,000 after purchasing an additional 1,460 shares during the last quarter. Finally, Walleye Capital LLC lifted its position in Stifel Financial by 94.5% in the first quarter. Walleye Capital LLC now owns 444,122 shares of the financial services provider’s stock valued at $32,829,000 after purchasing an additional 215,820 shares during the last quarter. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Trading Down 0.1%

NYSE SF opened at $80.70 on Monday. The stock has a market cap of $12.38 billion, a P/E ratio of 14.44 and a beta of 1.01. 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 50 day simple moving average of $73.36 and a two-hundred day simple moving average of $76.75. 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 (NYSE:SF) last posted its earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.09. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Stifel Financial had a return on equity of 19.32% and a net margin of 16.11%.The business’s revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.71 earnings per share. On average, analysts forecast that Stifel Financial Corporation will post 6.29 earnings per share for the current year.

Stifel Financial Cuts Dividend

The business also recently disclosed 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. This represents a $1.36 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Monday, June 1st. Stifel Financial’s payout ratio is presently 24.33%.

Analyst Ratings Changes

Several brokerages have recently issued reports on SF. Zacks Research upgraded shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. UBS Group set a $90.00 price target on shares of Stifel Financial in a report on Thursday. JPMorgan Chase & Co. increased their price target on shares of Stifel Financial from $80.00 to $86.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Stifel Financial in a report on Friday, May 29th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Stifel Financial presently has an average rating of “Moderate Buy” and a consensus price target of $91.67.

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.