Cinctive Capital Management LP Boosts Holdings in Stifel Financial Corp. (NYSE:SF)

Cinctive Capital Management LP increased its position in Stifel Financial Corp. (NYSE:SF - Free Report) by 452.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 69,949 shares of the financial services provider's stock after purchasing an additional 57,293 shares during the quarter. Cinctive Capital Management LP owned approximately 0.07% of Stifel Financial worth $7,420,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in SF. V Square Quantitative Management LLC purchased a new stake in shares of Stifel Financial in the 4th quarter worth approximately $26,000. Versant Capital Management Inc grew its stake in shares of Stifel Financial by 46.5% in the fourth quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider's stock worth $48,000 after acquiring an additional 145 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Stifel Financial by 26.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 528 shares of the financial services provider's stock worth $56,000 after purchasing an additional 111 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in Stifel Financial by 84.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 553 shares of the financial services provider's stock worth $59,000 after purchasing an additional 253 shares in the last quarter. Finally, Mather Group LLC. boosted its stake in Stifel Financial by 14.6% in the 4th quarter. Mather Group LLC. now owns 707 shares of the financial services provider's stock worth $75,000 after purchasing an additional 90 shares in the last quarter. 82.01% of the stock is currently owned by institutional investors.

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Stifel Financial Stock Performance

Shares of Stifel Financial stock traded down $2.41 during trading hours on Monday, reaching $76.72. 518,319 shares of the stock traded hands, compared to its average volume of 799,847. The company has a 50 day moving average price of $103.18 and a 200 day moving average price of $105.36. Stifel Financial Corp. has a one year low of $73.27 and a one year high of $120.64. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $7.96 billion, a price-to-earnings ratio of 12.30 and a beta of 1.00.

Stifel Financial (NYSE:SF - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.27. Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. On average, equities research analysts expect that Stifel Financial Corp. will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.84 annualized dividend and a yield of 2.40%. This is an increase from Stifel Financial's previous quarterly dividend of $0.42. Stifel Financial's payout ratio is currently 29.49%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. JMP Securities upped their target price on shares of Stifel Financial from $125.00 to $135.00 and gave the stock a "market outperform" rating in a research note on Thursday, January 30th. StockNews.com raised Stifel Financial from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. UBS Group increased their target price on Stifel Financial from $116.00 to $120.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Citigroup decreased their price target on Stifel Financial from $125.00 to $105.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Finally, The Goldman Sachs Group lowered their target price on shares of Stifel Financial from $121.00 to $105.00 and set a "neutral" rating on the stock in a research note on Thursday. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Stifel Financial currently has an average rating of "Hold" and a consensus price target of $117.86.

Stifel Financial Company Profile

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 and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.