Nuveen Asset Management LLC Trims Position in Stifel Financial Corp. (NYSE:SF)

Nuveen Asset Management LLC reduced its position in Stifel Financial Corp. (NYSE:SF - Free Report) by 18.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 318,698 shares of the financial services provider's stock after selling 73,923 shares during the period. Nuveen Asset Management LLC owned 0.31% of Stifel Financial worth $33,807,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. OMERS ADMINISTRATION Corp purchased a new stake in shares of Stifel Financial in the 4th quarter valued at about $891,000. Lazard Asset Management LLC increased its position in Stifel Financial by 18.3% in the 4th quarter. Lazard Asset Management LLC now owns 127,312 shares of the financial services provider's stock valued at $13,503,000 after acquiring an additional 19,699 shares during the period. Lighthouse Investment Partners LLC acquired a new position in Stifel Financial in the 4th quarter valued at about $10,522,000. Focus Partners Wealth acquired a new position in Stifel Financial in the 4th quarter valued at about $2,361,000. Finally, FORA Capital LLC acquired a new position in Stifel Financial in the 4th quarter valued at about $672,000. 82.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. 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 report on Tuesday, April 8th. Wall Street Zen upgraded Stifel Financial from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. TD Cowen dropped their price target 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. The Goldman Sachs Group dropped their price target on Stifel Financial from $121.00 to $105.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Finally, JPMorgan Chase & Co. dropped their price target on Stifel Financial from $123.00 to $100.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $105.50.

Stifel Financial Stock Performance

NYSE SF traded down $1.08 on Friday, hitting $93.22. 613,206 shares of the company's stock were exchanged, compared to its average volume of 684,517. 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's 50-day moving average price is $90.16 and its two-hundred day moving average price is $102.57. Stifel Financial Corp. has a fifty-two week low of $73.27 and a fifty-two week high of $120.64. The firm has a market cap of $9.58 billion, a price-to-earnings ratio of 14.94 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($1.15). Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the firm posted $1.49 EPS. The business's revenue for the quarter was up 7.9% on a year-over-year basis. On average, research analysts expect that Stifel Financial Corp. will post 8.26 EPS for the current year.

Stifel Financial Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 1.97%. The ex-dividend date is Monday, June 2nd. Stifel Financial's payout ratio is 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.