Concentric Capital Strategies LP Invests $4.29 Million in Stifel Financial Corporation $SF

Concentric Capital Strategies LP bought a new position in shares of Stifel Financial Corporation (NYSE:SF) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 34,271 shares of the financial services provider’s stock, valued at approximately $4,291,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Essex Financial Services Inc. raised 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 valued at $287,000 after buying an additional 102 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in shares of Stifel Financial by 15.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 811 shares of the financial services provider’s stock worth $102,000 after buying an additional 106 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in Stifel Financial by 0.5% during the fourth 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 during the period. Principal Securities Inc. raised its position in Stifel Financial by 6.9% during the fourth quarter. Principal Securities Inc. now owns 1,926 shares of the financial services provider’s stock valued at $241,000 after acquiring an additional 124 shares in the last quarter. Finally, Clark Capital Management Group Inc. raised its position in Stifel Financial by 3.8% during the third quarter. Clark Capital Management Group Inc. now owns 3,642 shares of the financial services provider’s stock valued at $413,000 after acquiring an additional 134 shares in the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Stifel Financial Price Performance

Stifel Financial stock opened at $73.47 on Thursday. The stock has a market capitalization of $11.27 billion, a P/E ratio of 14.29 and a beta of 1.00. The company’s fifty day moving average price is $74.97 and its 200 day moving average price is $78.60. 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 Corporation has a 1 year low of $63.91 and a 1 year high of $89.83.

Stifel Financial (NYSE:SF) last issued its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.51 billion. Stifel Financial had a return on equity of 18.76% and a net margin of 15.34%.The business’s revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 earnings per share. As a group, equities research analysts anticipate that Stifel Financial Corporation will post 6.25 earnings per share for the current fiscal year.

Stifel Financial Cuts Dividend

The firm 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. This represents a $1.36 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Monday, June 1st. Stifel Financial’s dividend payout ratio (DPR) is 26.46%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stifel Financial in a research note on Friday, May 29th. Zacks Research raised shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. UBS Group dropped their price target on shares of Stifel Financial from $100.00 to $89.00 and set a “buy” rating on the stock in a research report on Wednesday, April 8th. Finally, TD Cowen cut their price objective on shares of Stifel Financial from $136.00 to $92.00 and set a “hold” rating for the company in a report on Monday, March 23rd. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Stifel Financial has an average rating of “Moderate Buy” and an average target price of $91.15.

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.