Millennium Management LLC cut its position in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 8.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,075,770 shares of the financial services provider's stock after selling 100,654 shares during the period. Millennium Management LLC owned 1.05% of Stifel Financial worth $114,118,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the stock. Barclays PLC boosted 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 worth $10,086,000 after purchasing an additional 41,171 shares in the last quarter. Franklin Resources Inc. grew its stake in Stifel Financial by 9.7% in the third quarter. Franklin Resources Inc. now owns 44,113 shares of the financial services provider's stock valued at $4,336,000 after purchasing an additional 3,887 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Stifel Financial by 16.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,448 shares of the financial services provider's stock valued at $578,000 after buying an additional 779 shares during the last quarter. Oak Thistle LLC acquired a new stake in Stifel Financial during the 4th quarter worth approximately $406,000. Finally, Assenagon Asset Management S.A. lifted its holdings in Stifel Financial by 316.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 69,761 shares of the financial services provider's stock worth $7,400,000 after purchasing an additional 52,991 shares during the last quarter. 82.01% of the stock is owned by institutional investors.
Stifel Financial Trading Up 0.7%
SF traded up $0.72 on Friday, hitting $98.90. 451,458 shares of the company were exchanged, compared to its average volume of 684,399. Stifel Financial Corp. has a 12 month low of $73.27 and a 12 month high of $120.64. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. The firm has a fifty day simple moving average of $90.13 and a two-hundred day simple moving average of $102.93. The stock has a market capitalization of $10.16 billion, a PE ratio of 15.85 and a beta of 1.07.
Stifel Financial (NYSE:SF - Get Free Report) last released its earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $1.64 by ($1.15). The firm had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.32 billion. Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.49 EPS. Sell-side analysts expect that Stifel Financial Corp. will post 8.26 earnings per share for the current year.
Stifel Financial Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend is Monday, June 2nd. Stifel Financial's payout ratio is 35.18%.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the company. TD Cowen decreased their price target on Stifel Financial from $124.00 to $84.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. The Goldman Sachs Group dropped their price target 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. JMP Securities reduced their target price on Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. Citigroup dropped their price objective on Stifel Financial from $125.00 to $105.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. Finally, JPMorgan Chase & Co. dropped their price objective on Stifel Financial from $123.00 to $100.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $105.50.
Check Out Our Latest Report on Stifel Financial
Stifel Financial Profile
(
Free Report)
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.
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