Twinbeech Capital LP Invests $7.43 Million in Stifel Financial Corp. (NYSE:SF)

Twinbeech Capital LP acquired a new position in shares of Stifel Financial Corp. (NYSE:SF - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 70,026 shares of the financial services provider's stock, valued at approximately $7,428,000. Twinbeech Capital LP owned approximately 0.07% of Stifel Financial at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. V Square Quantitative Management LLC purchased a new stake in Stifel Financial during the 4th quarter valued at $26,000. Bessemer Group Inc. raised its holdings in Stifel Financial by 52.1% during 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. Quarry LP purchased a new stake in Stifel Financial during the 4th quarter valued at $49,000. Smartleaf Asset Management LLC raised its holdings in Stifel Financial by 26.6% during 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, Brown Brothers Harriman & Co. raised its holdings in 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 owned by hedge funds and other institutional investors.

Stifel Financial Stock Performance

Shares of Stifel Financial stock opened at $98.49 on Tuesday. Stifel Financial Corp. has a 52 week low of $73.27 and a 52 week high of $120.64. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. The stock's fifty day moving average is $90.19 and its two-hundred day moving average is $102.88. The company has a market capitalization of $10.12 billion, a PE ratio of 15.78 and a beta of 1.07.

Stifel Financial (NYSE:SF - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $1.32 billion. During the same period last year, the company earned $1.49 earnings per share. The firm's revenue was up 7.9% compared to the same quarter last year. As a group, analysts expect that Stifel Financial Corp. will post 8.26 earnings per share for the current year.

Stifel Financial Announces Dividend

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 issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Monday, June 2nd. Stifel Financial's payout ratio is 35.18%.

Analyst Ratings Changes

Several research firms recently weighed in on SF. Wolfe Research upgraded Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 price target on the stock in a report on Thursday, April 24th. JPMorgan Chase & Co. decreased their price target on Stifel Financial from $123.00 to $100.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. TD Cowen cut their price objective 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 cut their price objective 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, UBS Group upped their price objective on Stifel Financial from $116.00 to $120.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $105.50.

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.

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