Renaissance Technologies LLC Grows Stock Holdings in Stifel Financial Corp. (NYSE:SF)

Renaissance Technologies LLC grew its stake in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 44.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,915 shares of the financial services provider's stock after purchasing an additional 7,100 shares during the period. Renaissance Technologies LLC's holdings in Stifel Financial were worth $2,431,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in SF. FMR LLC lifted its stake in Stifel Financial by 8.5% in the 4th quarter. FMR LLC now owns 8,628,832 shares of the financial services provider's stock worth $915,346,000 after purchasing an additional 672,420 shares in the last quarter. Wellington Management Group LLP grew its position in Stifel Financial by 32.2% during the 4th quarter. Wellington Management Group LLP now owns 2,588,964 shares of the financial services provider's stock worth $274,637,000 after acquiring an additional 630,255 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of Stifel Financial by 5.2% in the fourth quarter. Fisher Asset Management LLC now owns 1,540,584 shares of the financial services provider's stock worth $163,425,000 after buying an additional 76,163 shares during the period. Norges Bank bought a new position in shares of Stifel Financial during the fourth quarter valued at about $137,448,000. Finally, Invesco Ltd. raised its position in Stifel Financial by 18.2% during the 4th quarter. Invesco Ltd. now owns 1,207,465 shares of the financial services provider's stock valued at $128,088,000 after purchasing an additional 186,352 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SF shares. StockNews.com raised shares of Stifel Financial from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. UBS Group lifted their price objective on Stifel Financial from $116.00 to $120.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Wells Fargo & Company decreased their target price on Stifel Financial from $106.00 to $102.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Wolfe Research raised Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 price target on the stock in a research note on Thursday, April 24th. Finally, TD Cowen lowered their price objective on Stifel Financial from $124.00 to $84.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Stifel Financial presently has a consensus rating of "Hold" and an average price target of $105.50.

Stifel Financial Stock Down 1.3 %

Stifel Financial stock traded down $1.16 during mid-day trading on Wednesday, reaching $85.05. The stock had a trading volume of 249,167 shares, compared to its average volume of 678,589. The company has a 50-day moving average price of $92.28 and a two-hundred day moving average price of $103.77. The company has a market capitalization of $8.82 billion, a price-to-earnings ratio of 13.63 and a beta of 1.00. Stifel Financial Corp. has a one year low of $73.27 and a one year high of $120.64. 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 (NYSE:SF - Get Free Report) last announced its quarterly earnings data 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). Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. 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 firm earned $1.49 earnings per share. Stifel Financial's revenue was up 7.9% on a year-over-year basis. On average, 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.