Maven Securities LTD lessened its holdings in shares of Stifel Financial Corp. (NYSE:SF – Get Rating) by 29.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,621 shares of the financial services provider's stock after selling 4,900 shares during the quarter. Maven Securities LTD's holdings in Stifel Financial were worth $789,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SF. Prudential Financial Inc. boosted its position in Stifel Financial by 77.6% during the first quarter. Prudential Financial Inc. now owns 901,715 shares of the financial services provider's stock worth $61,227,000 after purchasing an additional 393,943 shares during the period. Millennium Management LLC boosted its position in shares of Stifel Financial by 16.2% in the fourth quarter. Millennium Management LLC now owns 2,638,650 shares of the financial services provider's stock valued at $185,814,000 after acquiring an additional 368,025 shares during the period. Renaissance Technologies LLC bought a new position in shares of Stifel Financial in the first quarter valued at approximately $22,204,000. Point72 Asset Management L.P. boosted its position in shares of Stifel Financial by 528.8% in the fourth quarter. Point72 Asset Management L.P. now owns 377,300 shares of the financial services provider's stock valued at $26,569,000 after acquiring an additional 317,300 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Stifel Financial by 2.8% in the first quarter. Vanguard Group Inc. now owns 9,984,230 shares of the financial services provider's stock valued at $677,930,000 after acquiring an additional 268,395 shares during the period. Institutional investors own 84.77% of the company's stock.
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Separately, JMP Securities cut their price objective on shares of Stifel Financial from $103.00 to $100.00 and set an "outperform" rating for the company in a research report on Tuesday, July 12th.
Stifel Financial Trading Up 2.0 %
Shares of Stifel Financial stock opened at $62.04 on Friday. Stifel Financial Corp. has a 1 year low of $52.55 and a 1 year high of $83.28. The firm has a market cap of $6.58 billion, a PE ratio of 9.79 and a beta of 1.25. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.81 and a quick ratio of 0.77. The company has a 50 day simple moving average of $59.72 and a two-hundred day simple moving average of $62.54.Stifel Financial (NYSE:SF – Get Rating) last announced its earnings results on Wednesday, July 27th. The financial services provider reported $1.40 earnings per share (EPS) for the quarter. Stifel Financial had a net margin of 16.86% and a return on equity of 19.42%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the business posted $1.70 earnings per share. Stifel Financial's revenue for the quarter was down 3.9% on a year-over-year basis.
Stifel Financial Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, August 31st. This represents a $1.20 annualized dividend and a yield of 1.93%. Stifel Financial's payout ratio is presently 18.93%.
Stifel Financial Profile
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Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States, the United Kingdom, the rest of Europe, and Canada.
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