Stifel Financial Corp. (NYSE:SF) Stake Boosted by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its position in Stifel Financial Corp. (NYSE:SF - Free Report) by 285.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,448 shares of the financial services provider's stock after purchasing an additional 28,480 shares during the period. BNP Paribas Financial Markets' holdings in Stifel Financial were worth $4,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Freestone Grove Partners LP acquired a new stake in shares of Stifel Financial in the fourth quarter valued at about $4,101,000. Rehmann Capital Advisory Group lifted its position in shares of Stifel Financial by 10.2% during the fourth quarter. Rehmann Capital Advisory Group now owns 3,565 shares of the financial services provider's stock worth $378,000 after purchasing an additional 331 shares in the last quarter. Schonfeld Strategic Advisors LLC raised its holdings in Stifel Financial by 159.6% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 74,449 shares of the financial services provider's stock valued at $7,898,000 after acquiring an additional 45,775 shares in the last quarter. AQR Capital Management LLC raised its holdings in Stifel Financial by 1.4% in the fourth quarter. AQR Capital Management LLC now owns 334,171 shares of the financial services provider's stock valued at $35,449,000 after acquiring an additional 4,724 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Stifel Financial by 14.8% in the fourth quarter. Northern Trust Corp now owns 1,128,978 shares of the financial services provider's stock valued at $119,762,000 after acquiring an additional 145,902 shares in the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Stifel Financial Trading Down 0.8%

NYSE:SF traded down $0.75 on Tuesday, reaching $97.75. The stock had a trading volume of 26,961 shares, compared to its average volume of 681,933. The company has a market cap of $10.04 billion, a price-to-earnings ratio of 15.66 and a beta of 1.07. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78. The firm's fifty day moving average is $90.19 and its two-hundred day moving average is $102.88. Stifel Financial Corp. has a 12-month low of $73.27 and a 12-month high of $120.64.

Stifel Financial (NYSE:SF - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($1.15). The company had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.32 billion. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. The company's revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.49 earnings per share. Equities analysts expect that Stifel Financial Corp. will post 8.26 EPS for the current fiscal year.

Stifel Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Monday, June 2nd. Stifel Financial's dividend payout ratio (DPR) is presently 35.18%.

Analysts Set New Price Targets

A number of analysts have weighed in on SF shares. TD Cowen cut their price objective on shares of Stifel Financial from $124.00 to $84.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. JPMorgan Chase & Co. cut their price objective on shares of Stifel Financial from $123.00 to $100.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. The Goldman Sachs Group cut their price objective on shares of Stifel Financial from $121.00 to $105.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. JMP Securities lowered their target price on shares of Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. Finally, UBS Group raised their target price on shares of Stifel Financial from $116.00 to $120.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Stifel Financial currently has an average rating of "Hold" and a consensus price target of $105.50.

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.