Earnest Partners LLC Sells 24,119 Shares of Stifel Financial Corp. (NYSE:SF)

Earnest Partners LLC lowered its position in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,948,476 shares of the financial services provider's stock after selling 24,119 shares during the period. Stifel Financial makes up about 1.4% of Earnest Partners LLC's investment portfolio, making the stock its 9th largest position. Earnest Partners LLC owned approximately 2.88% of Stifel Financial worth $312,774,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SF. V Square Quantitative Management LLC bought a new stake in shares of Stifel Financial in the fourth quarter worth $26,000. Bessemer Group Inc. increased its stake in shares of Stifel Financial by 52.1% in 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 last quarter. Versant Capital Management Inc increased its stake in shares of Stifel Financial by 46.5% in the fourth quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider's stock worth $48,000 after buying an additional 145 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Stifel Financial by 26.6% in 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 last quarter. Finally, Brown Brothers Harriman & Co. increased its stake 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 buying an additional 253 shares during the last quarter. Hedge funds and other institutional investors own 82.01% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on SF. StockNews.com upgraded shares of Stifel Financial from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. 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. Wolfe Research raised shares of Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 price target for the company in a report on Thursday, April 24th. TD Cowen lowered their price objective on shares of Stifel Financial from $124.00 to $84.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Finally, UBS Group raised their target price on shares of Stifel Financial from $116.00 to $120.00 and gave the stock a "neutral" rating in a 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $105.50.

Stifel Financial Stock Performance

Shares of SF traded down $0.66 during mid-day trading on Wednesday, reaching $85.55. 704,349 shares of the company's stock traded hands, compared to its average volume of 679,855. The business's 50-day moving average price is $91.91 and its 200-day moving average price is $103.65. The stock has a market capitalization of $8.88 billion, a P/E ratio of 13.71 and a beta of 1.00. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. Stifel Financial Corp. has a 12 month low of $73.27 and a 12 month high of $120.64.

Stifel Financial (NYSE:SF - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates 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%. The business's quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the firm posted $1.49 EPS. Equities analysts predict that Stifel Financial Corp. will post 8.26 earnings per share for the current year.

Stifel Financial Company 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.