Stifel Financial Corp. (NYSE:SF) Stock Holdings Increased by First Trust Advisors LP

First Trust Advisors LP lifted its position in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 65.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 129,459 shares of the financial services provider's stock after buying an additional 51,103 shares during the period. First Trust Advisors LP owned approximately 0.13% of Stifel Financial worth $13,733,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

SF has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their price target on shares of Stifel Financial from $123.00 to $100.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Citigroup cut their target price on shares of Stifel Financial from $125.00 to $105.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. Wells Fargo & Company decreased their price target on Stifel Financial from $106.00 to $102.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. JMP Securities cut their price objective on Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Finally, TD Cowen reduced their target price on Stifel Financial from $124.00 to $84.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $105.50.

Stifel Financial Stock Performance

SF traded down $0.66 during trading on Wednesday, reaching $85.55. 704,349 shares of the company were exchanged, compared to its average volume of 680,330. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27. The stock has a market cap of $8.88 billion, a P/E ratio of 13.71 and a beta of 1.00. Stifel Financial Corp. has a 52 week low of $73.27 and a 52 week high of $120.64. The firm has a 50 day moving average of $92.28 and a 200 day moving average of $103.77.

Stifel Financial (NYSE:SF - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 EPS for the quarter, missing the consensus estimate of $1.64 by ($1.15). The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.32 billion. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. The firm's revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.49 EPS. On average, sell-side analysts forecast that Stifel Financial Corp. will post 8.26 EPS for the current fiscal year.

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.