Price T Rowe Associates Inc. MD Has $6.72 Million Holdings in Stifel Financial Corp. (NYSE:SF)

Price T Rowe Associates Inc. MD lifted its holdings in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 13.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 63,376 shares of the financial services provider's stock after purchasing an additional 7,719 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.06% of Stifel Financial worth $6,723,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Barclays PLC lifted its stake in Stifel Financial by 62.2% in the third quarter. Barclays PLC now owns 107,397 shares of the financial services provider's stock valued at $10,086,000 after buying an additional 41,171 shares during the last quarter. TT International Asset Management LTD purchased a new stake in shares of Stifel Financial during the 4th quarter worth approximately $2,759,000. V Square Quantitative Management LLC acquired a new position in shares of Stifel Financial during the 4th quarter worth $26,000. Park Avenue Securities LLC grew its position in shares of Stifel Financial by 31.1% in the fourth quarter. Park Avenue Securities LLC now owns 18,584 shares of the financial services provider's stock valued at $1,971,000 after purchasing an additional 4,413 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Stifel Financial in the fourth quarter worth $849,000. Hedge funds and other institutional investors own 82.01% of the company's stock.

Stifel Financial Trading Up 0.9 %

SF stock traded up $0.83 during trading on Wednesday, hitting $88.97. The company had a trading volume of 596,333 shares, compared to its average volume of 679,332. The firm has a 50-day moving average price of $90.62 and a 200-day moving average price of $103.33. The stock has a market cap of $9.17 billion, a price-to-earnings ratio of 14.26 and a beta of 1.07. Stifel Financial Corp. has a 12 month low of $73.27 and a 12 month 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.

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 for the quarter, missing the consensus estimate of $1.64 by ($1.15). The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.32 billion. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. The firm's revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.49 EPS. As a group, analysts predict that Stifel Financial Corp. will post 8.26 earnings per share for the current year.

Stifel Financial Dividend Announcement

The company 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. This represents a $1.84 annualized dividend and a yield of 2.07%. Stifel Financial's dividend payout ratio (DPR) is currently 35.18%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on SF shares. UBS Group increased their target price 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. JMP Securities dropped their target price on shares of Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. Citigroup dropped 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. Wells Fargo & Company lowered their target price on shares of Stifel Financial from $106.00 to $102.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Finally, TD Cowen decreased 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. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price 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.