Silvercrest Asset Management Group LLC Has $105.29 Million Stock Holdings in Stifel Financial Corp. (NYSE:SF)

Silvercrest Asset Management Group LLC cut its holdings in Stifel Financial Corp. (NYSE:SF - Free Report) by 16.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 992,588 shares of the financial services provider's stock after selling 189,935 shares during the period. Stifel Financial accounts for approximately 0.7% of Silvercrest Asset Management Group LLC's portfolio, making the stock its 29th biggest holding. Silvercrest Asset Management Group LLC owned 0.97% of Stifel Financial worth $105,294,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in Stifel Financial during the fourth quarter valued at about $26,000. Bessemer Group Inc. increased its stake in Stifel Financial by 52.1% during the fourth quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 110 shares during the period. Quarry LP bought a new position in Stifel Financial during the fourth quarter valued at about $49,000. Smartleaf Asset Management LLC boosted its holdings 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 purchasing an additional 111 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted 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 valued at $59,000 after purchasing an additional 253 shares in the last quarter. 82.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SF has been the topic of a number of recent research reports. The Goldman Sachs Group decreased their price objective on Stifel Financial from $121.00 to $105.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Citigroup decreased their price objective on Stifel Financial from $125.00 to $105.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. UBS Group lifted their price objective on Stifel Financial from $116.00 to $120.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. JMP Securities decreased their price objective on Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. Finally, TD Cowen reduced their target price on Stifel Financial from $124.00 to $84.00 and set a "hold" rating on the stock in a report 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 data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $105.50.

Stifel Financial Trading Down 0.4%

NYSE:SF traded down $0.37 during trading hours on Monday, hitting $98.49. 479,593 shares of the stock were exchanged, compared to its average volume of 684,530. The company's 50 day moving average is $90.19 and its two-hundred day moving average is $102.88. Stifel Financial Corp. has a twelve month low of $73.27 and a twelve 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. The company has a market capitalization of $10.12 billion, a P/E ratio of 15.78 and a beta of 1.07.

Stifel Financial (NYSE:SF - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 EPS 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%. The business's revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.49 EPS. On average, sell-side analysts anticipate that Stifel Financial Corp. will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The company 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 dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Monday, June 2nd. Stifel Financial's dividend payout ratio (DPR) is presently 35.18%.

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.