Integrated Advisors Network LLC Sells 3,085 Shares of Stifel Financial Corp. (NYSE:SF)

Integrated Advisors Network LLC reduced its holdings in Stifel Financial Corp. (NYSE:SF - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 45,294 shares of the financial services provider's stock after selling 3,085 shares during the quarter. Integrated Advisors Network LLC's holdings in Stifel Financial were worth $4,805,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its position in shares of Stifel Financial by 8.5% during the 4th quarter. FMR LLC now owns 8,628,832 shares of the financial services provider's stock valued at $915,346,000 after acquiring an additional 672,420 shares during the period. Wellington Management Group LLP grew its stake in shares of Stifel Financial by 32.2% in the 4th quarter. Wellington Management Group LLP now owns 2,588,964 shares of the financial services provider's stock valued at $274,637,000 after buying an additional 630,255 shares during the period. Fisher Asset Management LLC increased its position in Stifel Financial by 5.2% in the 4th quarter. Fisher Asset Management LLC now owns 1,540,584 shares of the financial services provider's stock valued at $163,425,000 after buying an additional 76,163 shares in the last quarter. Norges Bank acquired a new position in Stifel Financial during the 4th quarter worth approximately $137,448,000. Finally, Invesco Ltd. boosted its holdings in Stifel Financial by 18.2% in the fourth quarter. Invesco Ltd. now owns 1,207,465 shares of the financial services provider's stock worth $128,088,000 after acquiring an additional 186,352 shares in the last quarter. 82.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Wall Street Zen raised Stifel Financial from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. 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. The Goldman Sachs Group reduced their price objective on shares of Stifel Financial from $121.00 to $105.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. TD Cowen lowered their target price on shares of Stifel Financial from $124.00 to $84.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Finally, Citigroup dropped their price target on shares of Stifel Financial from $125.00 to $105.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $105.50.

Stifel Financial Trading Down 0.6%

Shares of SF traded down $0.53 during mid-day trading on Friday, hitting $94.42. 258,997 shares of the company's stock traded hands, compared to its average volume of 680,129. 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 Corp. has a 1 year low of $73.27 and a 1 year high of $120.64. The business's 50-day moving average price is $89.78 and its 200-day moving average price is $102.08. The firm has a market capitalization of $9.70 billion, a P/E ratio of 15.13 and a beta of 1.07.

Stifel Financial (NYSE:SF - Get Free Report) last released its earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $1.64 by ($1.15). The company had revenue of $1.26 billion during 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 company's revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.49 earnings per share. As a group, sell-side analysts forecast that Stifel Financial Corp. will post 8.26 EPS for the current fiscal year.

Stifel Financial Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.84 annualized dividend and a yield of 1.95%. Stifel Financial's payout ratio is 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.