Lighthouse Investment Partners LLC Makes New Investment in Stifel Financial Corp. (NYSE:SF)

Lighthouse Investment Partners LLC bought a new position in shares of Stifel Financial Corp. (NYSE:SF - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 99,187 shares of the financial services provider's stock, valued at approximately $10,522,000. Lighthouse Investment Partners LLC owned 0.10% of Stifel Financial at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SF. V Square Quantitative Management LLC acquired a new position in Stifel Financial during the fourth quarter worth about $26,000. Bessemer Group Inc. grew its position in 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. Quarry LP acquired a new position in Stifel Financial during the fourth quarter worth about $49,000. Smartleaf Asset Management LLC grew its position in Stifel Financial by 26.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 528 shares of the financial services provider's stock worth $56,000 after buying an additional 111 shares during the period. Finally, Brown Brothers Harriman & Co. grew its position in Stifel Financial by 84.3% during the fourth quarter. Brown Brothers Harriman & Co. now owns 553 shares of the financial services provider's stock worth $59,000 after buying an additional 253 shares during the period. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on SF. The Goldman Sachs Group lowered their price target on shares of Stifel Financial from $121.00 to $105.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Wells Fargo & Company lowered their price target on shares of Stifel Financial from $106.00 to $102.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. StockNews.com upgraded shares of Stifel Financial from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. Citigroup lowered their price target on shares of Stifel Financial from $125.00 to $105.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Finally, UBS Group increased their price target on shares of Stifel Financial from $116.00 to $120.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $105.50.

Stifel Financial Price Performance

Shares of SF stock opened at $91.39 on Monday. The firm has a market cap of $9.42 billion, a P/E ratio of 14.65 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 Corp. has a 1-year low of $73.27 and a 1-year high of $120.64. The firm has a fifty day moving average of $89.88 and a two-hundred day moving average of $103.10.

Stifel Financial (NYSE:SF - Get Free Report) last issued 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). The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.32 billion. Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.49 earnings per share. As a group, research analysts anticipate that Stifel Financial Corp. will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.01%. Stifel Financial's dividend payout ratio (DPR) is 35.18%.

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.

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