Prana Capital Management LP Invests $3.49 Million in Stifel Financial Corp. (NYSE:SF)

Prana Capital Management LP purchased a new position in shares of Stifel Financial Corp. (NYSE:SF - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 32,909 shares of the financial services provider's stock, valued at approximately $3,491,000.

A number of other institutional investors also recently made changes to their positions in the stock. V Square Quantitative Management LLC bought a new stake in Stifel Financial during the fourth quarter worth approximately $26,000. Bessemer Group Inc. raised its stake in shares of Stifel Financial by 52.1% in the 4th quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider's stock worth $34,000 after buying an additional 110 shares in the last quarter. Quarry LP acquired a new stake in shares of Stifel Financial in the fourth quarter valued at $49,000. Smartleaf Asset Management LLC boosted its stake 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 valued at $56,000 after buying an additional 111 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its holdings 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 acquiring an additional 253 shares during the period. 82.01% of the stock is owned by institutional investors and hedge funds.

Stifel Financial Stock Down 0.4%

SF traded down $0.37 on Monday, reaching $98.49. 479,593 shares of the company traded hands, compared to its average volume of 684,530. The stock's 50 day moving average price is $90.13 and its 200-day moving average price is $102.91. 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 52-week low of $73.27 and a 52-week high of $120.64. The company 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 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 business had revenue of $1.26 billion for 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%. Stifel Financial's revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.49 EPS. On average, sell-side analysts expect that Stifel Financial Corp. will post 8.26 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.46 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.84 annualized dividend and a dividend yield of 1.87%. Stifel Financial's dividend payout ratio (DPR) is presently 35.18%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. StockNews.com upgraded shares of Stifel Financial from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. Wells Fargo & Company reduced their target price on shares of Stifel Financial from $106.00 to $102.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. TD Cowen dropped their price target on Stifel Financial from $124.00 to $84.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. JPMorgan Chase & Co. reduced their price objective on Stifel Financial from $123.00 to $100.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Finally, The Goldman Sachs Group cut their target price on Stifel Financial from $121.00 to $105.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $105.50.

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.