Twinbeech Capital LP Makes New Investment in Stifel Financial Corp. (NYSE:SF)

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

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. V Square Quantitative Management LLC bought a new position in Stifel Financial in the 4th quarter worth approximately $26,000. Bessemer Group Inc. boosted its position in shares of 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 acquiring an additional 110 shares during the last quarter. Quarry LP bought a new position in shares of Stifel Financial during the 4th quarter valued at approximately $49,000. Smartleaf Asset Management LLC boosted its position in shares of 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 acquiring an additional 111 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its position in shares of 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 acquiring an additional 253 shares during the last quarter. Hedge funds and other institutional investors own 82.01% of the company's stock.

Stifel Financial Trading Down 1.1%

SF stock traded down $1.08 during midday trading on Friday, reaching $93.22. The company's stock had a trading volume of 613,206 shares, compared to its average volume of 684,517. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. The stock has a fifty day simple moving average of $90.16 and a two-hundred day simple moving average of $102.57. Stifel Financial Corp. has a 1 year low of $73.27 and a 1 year high of $120.64. The firm has a market capitalization 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 posted its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share (EPS) 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 firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the company posted $1.49 EPS. Stifel Financial's quarterly revenue was up 7.9% compared to the same quarter last year. On average, equities research analysts predict that Stifel Financial Corp. will post 8.26 EPS for the current year.

Stifel Financial Announces Dividend

The firm 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 $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Monday, June 2nd. Stifel Financial's dividend payout ratio is presently 35.18%.

Analyst Upgrades and Downgrades

SF has been the subject of a number of research reports. UBS Group increased their target price on Stifel Financial from $116.00 to $120.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. JMP Securities decreased their price target on Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. Citigroup decreased their price target on Stifel Financial from $125.00 to $105.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. TD Cowen decreased their price target on Stifel Financial from $124.00 to $84.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Finally, Wells Fargo & Company decreased their price target on Stifel Financial from $106.00 to $102.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price 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.