OMERS ADMINISTRATION Corp Takes $891,000 Position in Stifel Financial Corp. (NYSE:SF)

OMERS ADMINISTRATION Corp acquired a new stake in Stifel Financial Corp. (NYSE:SF - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,400 shares of the financial services provider's stock, valued at approximately $891,000.

Several other hedge funds also recently added to or reduced their stakes in SF. Mather Group LLC. raised its position in Stifel Financial by 14.6% in the fourth quarter. Mather Group LLC. now owns 707 shares of the financial services provider's stock valued at $75,000 after purchasing an additional 90 shares during the period. Hancock Whitney Corp increased its position in shares of Stifel Financial by 1.3% during the 4th quarter. Hancock Whitney Corp now owns 7,541 shares of the financial services provider's stock worth $800,000 after purchasing an additional 99 shares during the last quarter. Bessemer Group Inc. raised its holdings in 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 buying an additional 110 shares during the period. Smartleaf Asset Management LLC raised its holdings in 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 buying an additional 111 shares during the period. Finally, MML Investors Services LLC lifted its position in Stifel Financial by 0.5% in the fourth quarter. MML Investors Services LLC now owns 28,657 shares of the financial services provider's stock valued at $3,040,000 after buying an additional 136 shares during the last quarter. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Stifel Financial Stock Down 2.8%

SF traded down $2.72 on Wednesday, hitting $94.50. 584,829 shares of the company were exchanged, compared to its average volume of 683,485. The firm has a 50-day moving average price of $90.28 and a two-hundred day moving average price of $102.84. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27. Stifel Financial Corp. has a twelve month low of $73.27 and a twelve month high of $120.64. The company has a market cap of $9.71 billion, a price-to-earnings ratio of 15.14 and a beta of 1.07.

Stifel Financial (NYSE:SF - Get Free Report) last announced its quarterly earnings data 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). Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. The company had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.32 billion. During the same quarter in the previous year, the business posted $1.49 EPS. The business's quarterly revenue was up 7.9% compared to the same quarter last year. On average, equities analysts predict that Stifel Financial Corp. will post 8.26 earnings per share for the current year.

Stifel Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.95%. The ex-dividend date is Monday, June 2nd. Stifel Financial's dividend payout ratio (DPR) is presently 35.18%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. JMP Securities dropped their price target on shares of Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Wolfe Research raised Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 price objective for the company in a research note on Thursday, April 24th. The Goldman Sachs Group decreased their target price on Stifel Financial from $121.00 to $105.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. StockNews.com upgraded Stifel Financial from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. Finally, Wells Fargo & Company cut their price target on shares of Stifel Financial from $106.00 to $102.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. 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 stock has a consensus rating of "Hold" and an average price target of $105.50.

About Stifel Financial

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.