Concentric Capital Strategies LP Makes New $4.29 Million Investment in Stifel Financial Corporation $SF

Concentric Capital Strategies LP purchased a new position in shares of Stifel Financial Corporation (NYSE:SF) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 34,271 shares of the financial services provider’s stock, valued at approximately $4,291,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Advisory Services Network LLC acquired a new stake in Stifel Financial during the third quarter worth about $29,000. Activest Wealth Management boosted its holdings in Stifel Financial by 12,000.0% in the 4th quarter. Activest Wealth Management now owns 242 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 240 shares during the last quarter. Pinnacle Holdings LLC purchased a new stake in shares of Stifel Financial in the 3rd quarter valued at approximately $32,000. IAG Wealth Partners LLC acquired a new stake in shares of Stifel Financial during the 3rd quarter worth approximately $39,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of Stifel Financial during the 4th quarter worth approximately $50,000. Institutional investors and hedge funds own 82.01% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on SF. UBS Group decreased their price objective on Stifel Financial from $100.00 to $89.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. Zacks Research upgraded Stifel Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stifel Financial in a research note on Friday, May 29th. Finally, TD Cowen lowered 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 equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Stifel Financial presently has a consensus rating of “Moderate Buy” and an average target price of $91.15.

Stifel Financial Stock Down 1.1%

NYSE:SF opened at $73.47 on Thursday. Stifel Financial Corporation has a 52 week low of $63.91 and a 52 week high of $89.83. The stock’s fifty day moving average is $74.97 and its two-hundred day moving average is $78.60. The stock has a market capitalization 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 data on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.06. Stifel Financial had a return on equity of 18.76% and a net margin of 15.34%.The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the business earned $0.49 EPS. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. Research analysts anticipate that Stifel Financial Corporation will post 6.25 EPS for the current year.

Stifel Financial Cuts Dividend

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