Dimensional Fund Advisors LP Cuts Stock Position in Stifel Financial Corp. (NYSE:SF)

Dimensional Fund Advisors LP cut its position in Stifel Financial Corp. (NYSE:SF - Free Report) by 16.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,646,433 shares of the financial services provider's stock after selling 324,180 shares during the quarter. Dimensional Fund Advisors LP owned about 1.61% of Stifel Financial worth $174,656,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in Stifel Financial in the 4th quarter valued at about $26,000. Bessemer Group Inc. increased its stake in shares of Stifel Financial by 52.1% in the fourth quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider's stock worth $34,000 after purchasing an additional 110 shares in the last quarter. Versant Capital Management Inc raised its position 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 during the period. Smartleaf Asset Management LLC lifted its stake in shares of Stifel Financial by 26.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 528 shares of the financial services provider's stock valued at $56,000 after buying an additional 111 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its holdings in Stifel Financial by 84.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 553 shares of the financial services provider's stock worth $59,000 after buying an additional 253 shares during the period. Hedge funds and other institutional investors own 82.01% of the company's stock.

Stifel Financial Price Performance

NYSE SF traded down $0.41 during trading on Tuesday, reaching $85.58. The company's stock had a trading volume of 119,138 shares, compared to its average volume of 679,228. The stock has a market capitalization of $8.88 billion, a PE ratio of 13.71 and a beta of 1.00. 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 has a fifty day moving average of $92.70 and a 200 day moving average of $103.90. Stifel Financial Corp. has a one year low of $73.27 and a one year high of $120.64.

Stifel Financial (NYSE:SF - Get Free Report) last posted 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). Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the company posted $1.49 earnings per share. The firm's revenue for the quarter was up 7.9% on a year-over-year basis. Analysts expect that Stifel Financial Corp. will post 8.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group lowered their target price 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. Citigroup decreased their price objective on Stifel Financial from $125.00 to $105.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. JMP Securities dropped their price objective on Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. Wolfe Research raised Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 target price for the company in a report on Thursday, April 24th. Finally, Wells Fargo & Company lowered their price target on shares of Stifel Financial from $106.00 to $102.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus 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.