Squarepoint Ops LLC Sells 100,708 Shares of Stifel Financial Corp. (NYSE:SF)

Squarepoint Ops LLC reduced its position in Stifel Financial Corp. (NYSE:SF - Free Report) by 70.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,560 shares of the financial services provider's stock after selling 100,708 shares during the quarter. Squarepoint Ops LLC's holdings in Stifel Financial were worth $4,409,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. FMR LLC boosted its stake in Stifel Financial by 8.5% during the fourth quarter. FMR LLC now owns 8,628,832 shares of the financial services provider's stock worth $915,346,000 after acquiring an additional 672,420 shares in the last quarter. Wellington Management Group LLP raised its holdings in Stifel Financial by 32.2% during the fourth quarter. Wellington Management Group LLP now owns 2,588,964 shares of the financial services provider's stock worth $274,637,000 after buying an additional 630,255 shares during the last quarter. Fisher Asset Management LLC raised its holdings 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. Norges Bank acquired a new position in Stifel Financial during the fourth quarter worth $137,448,000. Finally, Invesco Ltd. raised its holdings in Stifel Financial by 18.2% during the fourth quarter. Invesco Ltd. now owns 1,207,465 shares of the financial services provider's stock worth $128,088,000 after buying an additional 186,352 shares during the last quarter. 82.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on SF shares. Wolfe Research upgraded shares of Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 price objective on the stock in a report on Thursday, April 24th. Citigroup lowered their price objective on shares of Stifel Financial from $125.00 to $105.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. The Goldman Sachs Group lowered their price objective on shares of Stifel Financial from $121.00 to $105.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Wells Fargo & Company lowered their price objective on shares of Stifel Financial from $106.00 to $102.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Finally, UBS Group upped their price objective on shares of Stifel Financial from $116.00 to $120.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $105.50.

Stifel Financial Stock Down 0.9%

Shares of SF stock traded down $0.84 on Friday, hitting $94.11. The stock had a trading volume of 131,900 shares, compared to its average volume of 679,596. The business has a 50 day moving average of $89.78 and a 200 day moving average of $102.08. The stock has a market cap of $9.67 billion, a price-to-earnings ratio of 15.08 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 12-month low of $73.27 and a 12-month high of $120.64.

Stifel Financial (NYSE:SF - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 EPS for the quarter, missing the consensus estimate 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 revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.49 EPS. As a group, analysts expect that Stifel Financial Corp. will post 8.26 EPS for the current year.

Stifel Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.46 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.84 annualized dividend and a yield of 1.96%. Stifel Financial's payout ratio is currently 35.18%.

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.