Inceptionr LLC Invests $1.68 Million in Stifel Financial Corporation $SF

Inceptionr LLC acquired 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 fund acquired 13,420 shares of the financial services provider’s stock, valued at approximately $1,680,000. Stifel Financial makes up about 0.5% of Inceptionr LLC’s investment portfolio, making the stock its 19th biggest position.

Several other hedge funds and other institutional investors also recently modified their holdings of SF. Advisory Services Network LLC bought a new stake in Stifel Financial in the 3rd quarter worth approximately $29,000. Activest Wealth Management lifted its position 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 buying an additional 240 shares during the last quarter. Pinnacle Holdings LLC bought a new stake in Stifel Financial in the 3rd quarter worth approximately $32,000. IAG Wealth Partners LLC bought a new stake in Stifel Financial in the 3rd quarter worth approximately $39,000. Finally, Cullen Frost Bankers Inc. bought a new stake in Stifel Financial in the 4th quarter worth approximately $50,000. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Analysts Set New Price Targets

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

Stifel Financial Price Performance

Shares of NYSE:SF opened at $70.50 on Thursday. Stifel Financial Corporation has a 1-year low of $62.90 and a 1-year high of $89.83. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.80. The business has a fifty day moving average price of $75.06 and a 200-day moving average price of $78.84. The company has a market capitalization of $10.81 billion, a PE ratio of 13.72 and a beta of 1.00.

Stifel Financial (NYSE:SF) last issued its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.51 billion. During the same period last year, the company earned $0.49 earnings per share. The company’s revenue was up 17.7% on a year-over-year basis. As a group, equities analysts expect that Stifel Financial Corporation will post 6.25 EPS for the current fiscal year.

Stifel Financial Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Monday, June 1st. Stifel Financial’s dividend payout ratio (DPR) is presently 26.46%.

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.