Freestone Grove Partners LP Invests $4.10 Million in Stifel Financial Corp. (NYSE:SF)

Freestone Grove Partners LP acquired a new position in Stifel Financial Corp. (NYSE:SF - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 38,656 shares of the financial services provider's stock, valued at approximately $4,101,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in Stifel Financial during the 4th quarter worth about $26,000. Bessemer Group Inc. increased its stake 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 worth $34,000 after buying an additional 110 shares during the period. Versant Capital Management Inc raised its holdings in Stifel Financial by 46.5% in the fourth quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider's stock valued at $48,000 after acquiring an additional 145 shares in the last quarter. Quarry LP purchased a new position in Stifel Financial in the fourth quarter worth approximately $49,000. Finally, Smartleaf Asset Management LLC grew 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 worth $56,000 after acquiring an additional 111 shares in the last quarter. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SF shares. UBS Group lifted their price objective on shares of Stifel Financial from $116.00 to $120.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. 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 report on Thursday, April 24th. Wolfe Research raised Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 target price on the stock in a research report on Thursday, April 24th. The Goldman Sachs Group lowered their price target on Stifel Financial from $121.00 to $105.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Finally, Citigroup cut their price objective on shares of Stifel Financial from $125.00 to $105.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Stifel Financial has a consensus rating of "Hold" and an average price target of $105.50.

Stifel Financial Stock Performance

NYSE:SF traded up $3.44 during trading hours on Thursday, reaching $92.43. 187,449 shares of the company's stock were exchanged, compared to its average volume of 676,912. 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 firm has a market capitalization of $9.52 billion, a price-to-earnings ratio of 14.81 and a beta of 1.07. Stifel Financial Corp. has a 1-year low of $73.27 and a 1-year high of $120.64. The company has a 50-day moving average of $90.27 and a 200 day moving average of $103.23.

Stifel Financial (NYSE:SF - Get Free Report) last released 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). The company had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.32 billion. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. The business's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.49 EPS. Research analysts anticipate that Stifel Financial Corp. will post 8.26 EPS for the current year.

Stifel Financial Dividend Announcement

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 given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.99%. Stifel Financial's dividend payout ratio (DPR) is 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.