NorthRock Partners LLC Buys Shares of 5,762 Stifel Financial Corp. (NYSE:SF)

NorthRock Partners LLC bought a new stake in Stifel Financial Corp. (NYSE:SF - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,762 shares of the financial services provider's stock, valued at approximately $611,000.

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

Stifel Financial Stock Performance

Stifel Financial stock traded down $0.37 during trading on Monday, hitting $98.49. The stock had a trading volume of 479,593 shares, compared to its average volume of 684,530. Stifel Financial Corp. has a 1 year low of $73.27 and a 1 year high of $120.64. 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 stock's 50 day moving average is $90.13 and its two-hundred day moving average is $102.91. The stock has a market cap of $10.12 billion, a price-to-earnings ratio of 15.78 and a beta of 1.07.

Stifel Financial (NYSE:SF - Get Free Report) last posted its quarterly earnings data 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). Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. The firm had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.32 billion. During the same quarter in the previous year, the company posted $1.49 EPS. Stifel Financial's revenue for the quarter was up 7.9% on a year-over-year basis. As a group, analysts predict that Stifel Financial Corp. will post 8.26 EPS for the current year.

Stifel Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.46 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.84 dividend on an annualized basis and a yield of 1.87%. Stifel Financial's payout ratio is 35.18%.

Analysts Set New Price Targets

A number of analysts have commented on the company. JMP Securities decreased their price objective on Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. UBS Group boosted their price objective on Stifel Financial from $116.00 to $120.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. The Goldman Sachs Group decreased their price objective on Stifel Financial from $121.00 to $105.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. StockNews.com raised Stifel Financial from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. Finally, Wolfe Research raised Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 price objective for the company in a report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $105.50.

Stifel Financial 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.