Cinctive Capital Management LP Has $9.69 Million Stock Holdings in Stifel Financial Corporation $SF

Cinctive Capital Management LP lifted its stake in shares of Stifel Financial Corporation (NYSE:SF) by 1,908.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,411 shares of the financial services provider’s stock after purchasing an additional 73,557 shares during the period. Cinctive Capital Management LP owned approximately 0.08% of Stifel Financial worth $9,693,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Wellington Management Group LLP raised its position in shares of Stifel Financial by 13.8% during the third quarter. Wellington Management Group LLP now owns 3,451,787 shares of the financial services provider’s stock worth $391,674,000 after purchasing an additional 419,038 shares during the period. AQR Capital Management LLC raised its position in shares of Stifel Financial by 94.8% during the fourth quarter. AQR Capital Management LLC now owns 2,893,850 shares of the financial services provider’s stock worth $362,368,000 after purchasing an additional 1,408,347 shares during the period. Boston Partners raised its position in shares of Stifel Financial by 2.0% during the third quarter. Boston Partners now owns 2,371,880 shares of the financial services provider’s stock worth $269,128,000 after purchasing an additional 45,631 shares during the period. Geode Capital Management LLC raised its position in shares of Stifel Financial by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 1,844,635 shares of the financial services provider’s stock worth $231,034,000 after purchasing an additional 17,008 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Stifel Financial by 6.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,725,806 shares of the financial services provider’s stock worth $216,117,000 after purchasing an additional 99,485 shares during the period. 82.01% of the stock is owned by institutional investors and hedge funds.

Stifel Financial Stock Performance

Shares of NYSE SF opened at $73.47 on Thursday. The business’s 50-day moving average price is $74.97 and its two-hundred day moving average price is $78.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.80. Stifel Financial Corporation has a one year low of $63.91 and a one year high of $89.83. The company has a market capitalization of $11.27 billion, a P/E ratio of 14.29 and a beta of 1.00.

Stifel Financial (NYSE:SF) last issued its earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 EPS 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 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 company posted $0.49 earnings per share. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. Analysts anticipate that Stifel Financial Corporation will post 6.25 earnings per share for the current fiscal year.

Stifel Financial Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.34 dividend. The ex-dividend date was Monday, June 1st. This represents a $1.36 dividend on an annualized basis and a yield of 1.9%. Stifel Financial’s payout ratio is 26.46%.

Analysts Set New Price Targets

SF has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday, May 29th. UBS Group cut their target price on Stifel Financial from $100.00 to $89.00 and set a “buy” rating on the stock in a research report on Wednesday, April 8th. Zacks Research raised Stifel Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Finally, TD Cowen dropped their price target on Stifel Financial from $136.00 to $92.00 and set a “hold” rating on the stock in a research report on Monday, March 23rd. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.