Stifel Financial Corp. (NYSE:SF) Stock Holdings Trimmed by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. lowered its holdings in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 49.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,068 shares of the financial services provider's stock after selling 35,955 shares during the period. D. E. Shaw & Co. Inc.'s holdings in Stifel Financial were worth $3,932,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC lifted its stake 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 buying an additional 41,171 shares during the period. V Square Quantitative Management LLC acquired a new position in Stifel Financial in the 4th quarter valued at $26,000. Park Avenue Securities LLC lifted its stake in shares of Stifel Financial by 31.1% during the 4th quarter. Park Avenue Securities LLC now owns 18,584 shares of the financial services provider's stock worth $1,971,000 after purchasing an additional 4,413 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of Stifel Financial during the fourth quarter worth $849,000. Finally, Fisher Asset Management LLC grew its position in shares of Stifel Financial by 5.2% in the fourth quarter. Fisher Asset Management LLC now owns 1,540,584 shares of the financial services provider's stock valued at $163,425,000 after purchasing an additional 76,163 shares during the period. Institutional investors and hedge funds own 82.01% of the company's stock.

Stifel Financial Stock Down 2.8%

Shares of NYSE SF traded down $2.72 during trading on Wednesday, reaching $94.50. 584,829 shares of the stock were exchanged, compared to its average volume of 683,485. The business's 50-day moving average price is $90.28 and its 200 day moving average price is $102.84. The company has a market capitalization of $9.71 billion, a price-to-earnings ratio of 15.14 and a beta of 1.07. Stifel Financial Corp. has a twelve month low of $73.27 and a twelve 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 posted its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates of $1.64 by ($1.15). The firm had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.32 billion. Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. The business's quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.49 earnings per share. As a group, equities analysts forecast that Stifel Financial Corp. will post 8.26 EPS 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. Stockholders 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 dividend yield of 1.95%. The ex-dividend date is Monday, June 2nd. Stifel Financial's payout ratio is currently 35.18%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SF. The Goldman Sachs Group reduced their target price on Stifel Financial from $121.00 to $105.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. TD Cowen dropped their price objective on shares of Stifel Financial from $124.00 to $84.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. UBS Group raised their target price 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. StockNews.com raised shares of Stifel Financial from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. Finally, JPMorgan Chase & Co. lowered their price target on Stifel Financial from $123.00 to $100.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $105.50.

Stifel Financial 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.