FJ Capital Management LLC Sells 8,402 Shares of Stifel Financial Corp. (NYSE:SF)

FJ Capital Management LLC lowered its position in Stifel Financial Corp. (NYSE:SF - Free Report) by 22.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,286 shares of the financial services provider's stock after selling 8,402 shares during the period. FJ Capital Management LLC's holdings in Stifel Financial were worth $3,107,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Norges Bank bought a new position in Stifel Financial during the fourth quarter worth about $137,448,000. FMR LLC grew its holdings in Stifel Financial by 8.5% during the fourth quarter. FMR LLC now owns 8,628,832 shares of the financial services provider's stock worth $915,346,000 after purchasing an additional 672,420 shares during the period. Wellington Management Group LLP grew its holdings in Stifel Financial by 32.2% during the fourth quarter. Wellington Management Group LLP now owns 2,588,964 shares of the financial services provider's stock worth $274,637,000 after purchasing an additional 630,255 shares during the period. Walleye Capital LLC grew its holdings in Stifel Financial by 477.9% during the fourth quarter. Walleye Capital LLC now owns 238,945 shares of the financial services provider's stock worth $25,347,000 after purchasing an additional 197,598 shares during the period. Finally, Invesco Ltd. grew its holdings in Stifel Financial by 18.2% during the fourth quarter. Invesco Ltd. now owns 1,207,465 shares of the financial services provider's stock worth $128,088,000 after purchasing an additional 186,352 shares during the period. Institutional investors own 82.01% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SF shares. Wells Fargo & Company cut their price objective on shares of Stifel Financial from $106.00 to $102.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Wolfe Research upgraded shares of Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 target price on the stock in a report on Thursday, April 24th. JPMorgan Chase & Co. lowered their target price 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. The Goldman Sachs Group reduced their price objective on shares of Stifel Financial from $121.00 to $105.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Finally, JMP Securities reduced their target price on shares of Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Five research 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 a consensus target price of $105.50.

Stifel Financial Price Performance

Shares of Stifel Financial stock traded up $6.91 on Monday, hitting $98.30. 1,392,754 shares of the company traded hands, compared to its average volume of 681,621. The firm's 50-day simple moving average is $89.83 and its 200 day simple moving average is $103.07. 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 company has a market cap of $10.13 billion, a P/E ratio of 15.75 and a beta of 1.07. Stifel Financial Corp. has a 12-month low of $73.27 and a 12-month high of $120.64.

Stifel Financial (NYSE:SF - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($1.15). Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. The company had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.32 billion. During the same quarter last year, the business posted $1.49 EPS. The business's quarterly revenue was up 7.9% compared to the same quarter last year. Analysts expect that Stifel Financial Corp. will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors 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 dividend yield of 1.87%. The ex-dividend date is Monday, June 2nd. Stifel Financial's dividend payout ratio is currently 35.18%.

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.