Bridgefront Capital LLC Makes New $569,000 Investment in Stifel Financial Corp. (NYSE:SF)

Bridgefront Capital LLC bought a new position in shares of Stifel Financial Corp. (NYSE:SF - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,360 shares of the financial services provider's stock, valued at approximately $569,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC grew its holdings in shares of Stifel Financial by 62.2% during the third quarter. Barclays PLC now owns 107,397 shares of the financial services provider's stock worth $10,086,000 after purchasing an additional 41,171 shares during the last quarter. TT International Asset Management LTD purchased a new position in Stifel Financial during the 4th quarter worth $2,759,000. V Square Quantitative Management LLC acquired a new position in Stifel Financial in the fourth quarter valued at $26,000. Park Avenue Securities LLC raised its holdings in shares of Stifel Financial by 31.1% in the fourth quarter. Park Avenue Securities LLC now owns 18,584 shares of the financial services provider's stock valued at $1,971,000 after buying an additional 4,413 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Stifel Financial during the fourth quarter worth about $849,000. Institutional investors and hedge funds own 82.01% of the company's stock.

Stifel Financial Price Performance

NYSE:SF traded down $0.17 during trading hours on Friday, reaching $91.39. 414,796 shares of the company traded hands, compared to its average volume of 678,444. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78. Stifel Financial Corp. has a 1-year low of $73.27 and a 1-year high of $120.64. The firm's 50-day moving average is $89.88 and its 200-day moving average is $103.10. The stock has a market cap of $9.42 billion, a P/E ratio of 14.65 and a beta of 1.07.

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

Stifel Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Monday, June 2nd. Stifel Financial's dividend payout ratio is currently 35.18%.

Wall Street Analysts Forecast Growth

SF has been the subject of several analyst reports. Citigroup reduced their price objective 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. UBS Group boosted their price objective on shares of Stifel Financial from $116.00 to $120.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. lowered their target price 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. Wells Fargo & Company cut their price target on shares of Stifel Financial from $106.00 to $102.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Finally, TD Cowen decreased their price target on Stifel Financial from $124.00 to $84.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Stifel Financial has an average rating of "Hold" and an average target price 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.