Mackenzie Financial Corp Makes New $1.35 Million Investment in Stifel Financial Corp. (NYSE:SF)

Mackenzie Financial Corp bought a new position in Stifel Financial Corp. (NYSE:SF - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,687 shares of the financial services provider's stock, valued at approximately $1,346,000.

Other institutional investors also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in shares of Stifel Financial in the fourth quarter worth approximately $26,000. Bessemer Group Inc. raised its stake in Stifel Financial by 52.1% during 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 during the period. Quarry LP purchased a new position in Stifel Financial during the fourth quarter worth approximately $49,000. Smartleaf Asset Management LLC boosted its holdings in shares of Stifel Financial by 26.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 528 shares of the financial services provider's stock valued at $56,000 after purchasing an additional 111 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its stake in shares of Stifel Financial by 84.3% during the 4th quarter. Brown Brothers Harriman & Co. now owns 553 shares of the financial services provider's stock valued at $59,000 after buying an additional 253 shares during the period. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on SF shares. TD Cowen cut their target price on Stifel Financial from $124.00 to $84.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Wall Street Zen upgraded Stifel Financial from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. Wells Fargo & Company reduced their price objective 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. Wolfe Research upgraded 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, JPMorgan Chase & Co. cut their price target 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. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $105.50.

Stifel Financial Stock Down 0.7%

NYSE SF traded down $0.63 on Wednesday, reaching $93.45. The company had a trading volume of 632,859 shares, compared to its average volume of 675,319. The firm has a 50-day moving average of $89.44 and a 200-day moving average of $101.48. Stifel Financial Corp. has a 1 year low of $73.27 and a 1 year high of $120.64. 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 market capitalization of $9.60 billion, a PE ratio of 14.98 and a beta of 1.07.

Stifel Financial (NYSE:SF - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($1.15). The firm had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.32 billion. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. The business's quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the firm earned $1.49 EPS. On average, equities research analysts anticipate that Stifel Financial Corp. will post 8.26 EPS 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. Investors of record on Monday, June 2nd will be issued a $0.46 dividend. 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 is currently 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.