Pinebridge Investments L.P. Has $2.42 Million Stock Holdings in Stifel Financial Corp. (NYSE:SF)

Pinebridge Investments L.P. boosted its stake in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 42.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,771 shares of the financial services provider's stock after purchasing an additional 6,812 shares during the quarter. Pinebridge Investments L.P.'s holdings in Stifel Financial were worth $2,416,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. V Square Quantitative Management LLC acquired a new stake in shares of Stifel Financial in the fourth quarter valued at approximately $26,000. Bessemer Group Inc. raised its holdings in Stifel Financial by 52.1% in the 4th quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 110 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Stifel Financial by 46.5% during the 4th 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 during the period. Smartleaf Asset Management LLC grew its holdings in shares of 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 position in shares of Stifel Financial by 84.3% in the fourth 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 during the period. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SF has been the topic of a number of analyst reports. JMP Securities reduced their price objective on shares of 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. UBS Group lifted their price objective on shares of Stifel Financial from $116.00 to $120.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. TD Cowen cut their target price on Stifel Financial from $124.00 to $84.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Citigroup lowered their price target on Stifel Financial from $125.00 to $105.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. Finally, The Goldman Sachs Group reduced their price objective on Stifel Financial from $121.00 to $105.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $105.50.

Stifel Financial Price Performance

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

Stifel Financial (NYSE:SF - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share (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 analyst estimates of $1.32 billion. During the same period in the prior year, the company earned $1.49 EPS. The business's quarterly revenue was up 7.9% compared to the same quarter last year. As a group, analysts expect that Stifel Financial Corp. will post 8.26 EPS for the current fiscal year.

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.