Moore Capital Management LP Invests $11.19 Million in Stifel Financial Corporation $SF

Moore Capital Management LP acquired a new position in 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 institutional investor acquired 89,344 shares of the financial services provider’s stock, valued at approximately $11,188,000.

Several other institutional investors have also recently made changes to their positions in SF. Advisory Services Network LLC purchased a new stake in Stifel Financial in the 3rd quarter worth approximately $29,000. Activest Wealth Management increased 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 worth $30,000 after acquiring an additional 240 shares in the last quarter. Pinnacle Holdings LLC purchased a new stake in Stifel Financial in the 3rd quarter worth approximately $32,000. IAG Wealth Partners LLC purchased a new stake in Stifel Financial in the 3rd quarter worth approximately $39,000. Finally, Cullen Frost Bankers Inc. purchased a new stake in Stifel Financial in the 4th quarter worth approximately $50,000. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Trading Down 1.1%

Shares of SF opened at $73.47 on Thursday. 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 1 year low of $63.91 and a 1 year high of $89.83. The company has a 50 day simple moving average of $74.97 and a two-hundred day simple moving average of $78.60. The firm has a market cap of $11.27 billion, a P/E ratio of 14.29 and a beta of 1.00.

Stifel Financial (NYSE:SF) last announced its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. Stifel Financial had a net margin of 15.34% and a return on equity of 18.76%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period last year, the firm posted $0.49 EPS. The company’s revenue was up 17.7% on a year-over-year basis. On average, equities analysts expect that Stifel Financial Corporation will post 6.25 earnings per share for the current fiscal 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 issued a dividend of $0.34 per share. 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%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. UBS Group reduced their target price on shares of Stifel Financial from $100.00 to $89.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of Stifel Financial in a report on Friday, May 29th. TD Cowen reduced their target price 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. Finally, Zacks Research raised shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Stifel Financial has an average rating of “Moderate Buy” and an average price target of $91.15.

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.