iSAM Funds UK Ltd Invests $714,000 in Stifel Financial Corp. (NYSE:SF)

iSAM Funds UK Ltd bought a new position in Stifel Financial Corp. (NYSE:SF - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,728 shares of the financial services provider's stock, valued at approximately $714,000.

Other hedge funds have also modified their holdings of the company. Mather Group LLC. increased its position in Stifel Financial by 14.6% in the 4th quarter. Mather Group LLC. now owns 707 shares of the financial services provider's stock valued at $75,000 after acquiring an additional 90 shares in the last quarter. Hancock Whitney Corp lifted its stake in shares of Stifel Financial by 1.3% in the 4th quarter. Hancock Whitney Corp now owns 7,541 shares of the financial services provider's stock valued at $800,000 after purchasing an additional 99 shares during the period. Bessemer Group Inc. lifted its stake in shares of Stifel Financial by 52.1% in the 4th quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 110 shares during the period. Smartleaf Asset Management LLC raised its stake in Stifel Financial by 26.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 528 shares of the financial services provider's stock worth $56,000 after buying an additional 111 shares during the period. Finally, MML Investors Services LLC raised its stake in Stifel Financial by 0.5% during the 4th quarter. MML Investors Services LLC now owns 28,657 shares of the financial services provider's stock worth $3,040,000 after buying an additional 136 shares during the period. 82.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SF. Citigroup dropped 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. Wells Fargo & Company dropped their price target on Stifel Financial from $106.00 to $102.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. JMP Securities dropped their price target on Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. The Goldman Sachs Group decreased their price objective on Stifel Financial from $121.00 to $105.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Finally, Wolfe Research upgraded Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 price objective for the company in a report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $105.50.

Stifel Financial Stock Performance

NYSE SF traded down $1.08 during trading on Friday, reaching $93.22. 613,206 shares of the company's stock were exchanged, compared to its average volume of 684,517. The business has a 50 day moving average price of $90.16 and a 200-day moving average price of $102.57. The stock has a market capitalization of $9.58 billion, a P/E ratio of 14.94 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. Stifel Financial Corp. has a fifty-two week low of $73.27 and a fifty-two week high of $120.64.

Stifel Financial (NYSE:SF - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.32 billion. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. Stifel Financial's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the firm earned $1.49 EPS. Sell-side analysts forecast that Stifel Financial Corp. will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders 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 1.97%. The ex-dividend date is Monday, June 2nd. Stifel Financial's dividend payout ratio (DPR) is presently 35.18%.

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.