Trexquant Investment LP Buys Shares of 9,876 Stifel Financial Corp. (NYSE:SF)

Trexquant Investment LP acquired a new position in Stifel Financial Corp. (NYSE:SF - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 9,876 shares of the financial services provider's stock, valued at approximately $1,048,000.

Several other large investors have also recently bought and sold shares of SF. Mather Group LLC. raised its position in shares of Stifel Financial by 14.6% during the 4th quarter. Mather Group LLC. now owns 707 shares of the financial services provider's stock valued at $75,000 after acquiring an additional 90 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in Stifel Financial by 26.6% during 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 in the last quarter. Versant Capital Management Inc lifted its holdings 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 valued at $48,000 after purchasing an additional 145 shares in the last quarter. Principal Securities Inc. raised its position in Stifel Financial by 10.1% in the 4th quarter. Principal Securities Inc. now owns 1,642 shares of the financial services provider's stock valued at $174,000 after buying an additional 150 shares during the last quarter. Finally, Rehmann Capital Advisory Group grew its stake in shares of Stifel Financial by 4.9% during the 3rd quarter. Rehmann Capital Advisory Group now owns 3,234 shares of the financial services provider's stock worth $306,000 after acquiring an additional 151 shares in the last quarter. Institutional investors and hedge funds own 82.01% of the company's stock.

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Stifel Financial Stock Performance

Shares of SF traded down $0.85 during mid-day trading on Wednesday, hitting $84.86. 130,354 shares of the company's stock were exchanged, compared to its average volume of 851,808. 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 cap of $8.80 billion, a price-to-earnings ratio of 13.58 and a beta of 1.00. The stock's 50-day simple moving average is $97.26 and its 200-day simple moving average is $104.49. Stifel Financial Corp. has a 52 week low of $73.27 and a 52 week high of $120.64.

Stifel Financial (NYSE:SF - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 EPS for the current year.

Stifel Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.46 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.17%. This is a boost from Stifel Financial's previous quarterly dividend of $0.42. Stifel Financial's dividend payout ratio is 29.49%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SF. The Goldman Sachs Group decreased their target price on shares of Stifel Financial from $121.00 to $105.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. TD Cowen decreased their price target on Stifel Financial from $124.00 to $84.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. UBS Group upped their price objective on Stifel Financial from $116.00 to $120.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. StockNews.com upgraded shares of Stifel Financial from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. Finally, Wells Fargo & Company decreased their price objective on shares of Stifel Financial from $135.00 to $106.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $105.71.

About Stifel Financial

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.