Voloridge Investment Management LLC Takes $1.76 Million Position in Stifel Financial Corp. (NYSE:SF)

Voloridge Investment Management LLC purchased a new stake in Stifel Financial Corp. (NYSE:SF - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 16,618 shares of the financial services provider's stock, valued at approximately $1,763,000.

Other hedge funds have also added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new position in shares of Stifel Financial during the 4th quarter worth approximately $26,000. Bessemer Group Inc. boosted its position in shares of Stifel Financial by 52.1% during the fourth quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 110 shares in the last quarter. Quarry LP purchased a new stake in Stifel Financial in the fourth quarter worth $49,000. Smartleaf Asset Management LLC grew its stake in Stifel Financial by 26.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 528 shares of the financial services provider's stock worth $56,000 after purchasing an additional 111 shares during the period. Finally, Brown Brothers Harriman & Co. raised its holdings in Stifel Financial by 84.3% in the fourth quarter. Brown Brothers Harriman & Co. now owns 553 shares of the financial services provider's stock worth $59,000 after purchasing an additional 253 shares in the last quarter. 82.01% of the stock is owned by hedge funds and other institutional investors.

Stifel Financial Stock Down 1.3%

SF stock traded down $1.20 during trading on Monday, hitting $93.02. 338,612 shares of the stock traded hands, compared to its average volume of 675,137. Stifel Financial Corp. has a 1 year low of $73.27 and a 1 year high of $120.64. The firm's 50 day moving average is $89.50 and its two-hundred day moving average is $101.59. The stock has a market cap of $9.56 billion, a price-to-earnings ratio of 14.91 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 (NYSE:SF - Get Free Report) last issued 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 firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the company posted $1.49 EPS. The company's quarterly revenue was up 7.9% on a year-over-year basis. On average, sell-side analysts anticipate that Stifel Financial Corp. will post 8.26 EPS for the current year.

Stifel Financial Announces Dividend

The company 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 is Monday, June 2nd. This represents a $1.84 dividend on an annualized basis and a yield of 1.98%. Stifel Financial's payout ratio is currently 35.18%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SF shares. The Goldman Sachs Group dropped their target price 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. TD Cowen lowered their price target on shares of Stifel Financial from $124.00 to $84.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. JPMorgan Chase & Co. dropped their price objective on shares of Stifel Financial from $123.00 to $100.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Citigroup decreased their target price on shares of Stifel Financial from $125.00 to $105.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Finally, 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. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average 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.