Jane Street Group LLC Invests $271,000 in Stifel Financial Corporation (NYSE:SF) Stock

Jane Street Group LLC bought a new position in Stifel Financial Corporation (NYSE:SF) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,060 shares of the financial services provider’s stock, valued at approximately $271,000.

Other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its stake in shares of Stifel Financial by 5.1% in the third quarter. Envestnet Asset Management Inc. now owns 32,332 shares of the financial services provider’s stock worth $1,726,000 after purchasing an additional 1,576 shares during the last quarter. Convergence Investment Partners LLC purchased a new position in shares of Stifel Financial in the third quarter worth $4,273,000. Stifel Financial Corp raised its stake in shares of Stifel Financial by 1,010.0% in the third quarter. Stifel Financial Corp now owns 1,373,271 shares of the financial services provider’s stock worth $73,418,000 after purchasing an additional 1,249,556 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Stifel Financial by 9.2% in the third quarter. Dimensional Fund Advisors LP now owns 3,061,808 shares of the financial services provider’s stock worth $163,684,000 after purchasing an additional 257,689 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Stifel Financial by 5.5% in the third quarter. Schwab Charles Investment Management Inc. now owns 374,338 shares of the financial services provider’s stock worth $20,013,000 after purchasing an additional 19,573 shares during the last quarter. 88.54% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently commented on SF shares. Wells Fargo & Co upgraded Stifel Financial from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $56.00 to $64.00 in a research report on Friday, December 1st. Zacks Investment Research cut Stifel Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Nomura upped their price objective on Stifel Financial from $56.00 to $58.00 and gave the company a “neutral” rating in a research report on Tuesday, October 31st. Goldman Sachs Group upgraded Stifel Financial from a “neutral” rating to a “buy” rating and upped their price target for the stock from $56.00 to $77.00 in a research report on Monday, January 8th. Finally, Instinet upgraded Stifel Financial from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 3rd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $66.83.

In other news, insider Thomas B. Michaud sold 24,536 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $52.40, for a total value of $1,285,686.40. Following the completion of the sale, the insider now directly owns 60,589 shares of the company’s stock, valued at approximately $3,174,863.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Ben A. Plotkin sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $53.70, for a total value of $1,074,000.00. Following the completion of the sale, the insider now directly owns 96,226 shares of the company’s stock, valued at $5,167,336.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 54,304 shares of company stock valued at $2,869,480. 3.60% of the stock is owned by corporate insiders.

Stifel Financial Corporation (NYSE:SF) traded up $0.47 during midday trading on Friday, hitting $67.48. The stock had a trading volume of 313,938 shares, compared to its average volume of 435,517. The company has a market capitalization of $4,587.99, a price-to-earnings ratio of 26.88, a price-to-earnings-growth ratio of 1.10 and a beta of 1.71. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.61 and a current ratio of 0.67. Stifel Financial Corporation has a 1 year low of $41.93 and a 1 year high of $68.72.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Monday, October 30th. The financial services provider reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.06. Stifel Financial had a return on equity of 9.78% and a net margin of 7.61%. The firm had revenue of $721.20 million during the quarter, compared to analyst estimates of $701.12 million. During the same quarter in the prior year, the company posted $0.69 earnings per share. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. sell-side analysts forecast that Stifel Financial Corporation will post 3.44 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Thursday, November 30th. Stifel Financial’s payout ratio is presently 15.94%.

WARNING: This story was posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this story on another domain, it was stolen and reposted in violation of United States and international trademark and copyright laws. The original version of this story can be accessed at https://www.thelincolnianonline.com/2018/01/13/jane-street-group-llc-invests-271000-in-stifel-financial-corporation-sf-updated-updated.html.

About Stifel Financial

Stifel Financial Corp. is a financial holding company. Its principal subsidiary is Stifel, Nicolaus & Company, Incorporated, a retail and institutional wealth management and investment banking firm. It operates through three segments: Global Wealth Management, Institutional Group and Other. The Global Wealth Management segment consists of the Private Client Group and Stifel Bank businesses.

Institutional Ownership by Quarter for Stifel Financial (NYSE:SF)

Receive News & Ratings for Stifel Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stifel Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply