Castleark Management LLC Sells 3,170 Shares of Stifel Financial Corp. (NYSE:SF)

Castleark Management LLC lessened its stake in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 4.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,660 shares of the financial services provider's stock after selling 3,170 shares during the quarter. Castleark Management LLC owned 0.07% of Stifel Financial worth $7,814,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of SF. Barclays PLC lifted 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 valued at $10,086,000 after acquiring an additional 41,171 shares during the period. V Square Quantitative Management LLC bought a new position in Stifel Financial during the 4th quarter valued at about $26,000. Janney Montgomery Scott LLC bought a new position in Stifel Financial during the 4th quarter valued at about $849,000. FORA Capital LLC acquired a new position in Stifel Financial in the fourth quarter valued at about $672,000. Finally, Fisher Asset Management LLC grew its stake in Stifel Financial by 5.2% during the fourth quarter. Fisher Asset Management LLC now owns 1,540,584 shares of the financial services provider's stock worth $163,425,000 after buying an additional 76,163 shares during the last quarter. Institutional investors own 82.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on SF shares. JMP Securities cut their target price on shares of Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. JPMorgan Chase & Co. cut their price objective on Stifel Financial from $123.00 to $100.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. TD Cowen reduced their price objective 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. Citigroup lowered their target price 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. Finally, StockNews.com upgraded shares of Stifel Financial from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Stifel Financial has a consensus rating of "Hold" and a consensus target price of $105.50.

Stifel Financial Trading Down 1.3%

Shares of SF opened at $97.18 on Wednesday. The stock's fifty day simple moving average is $90.28 and its 200-day simple moving average is $102.84. The firm has a market capitalization of $9.98 billion, a PE ratio of 15.57 and a beta of 1.07. Stifel Financial Corp. has a 12-month low of $73.27 and a 12-month high of $120.64. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27.

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

Stifel Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a $0.46 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.84 dividend on an annualized basis and a yield of 1.89%. Stifel Financial's payout ratio is presently 35.18%.

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.

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