T. Rowe Price Investment Management Inc. Reduces Position in Stifel Financial Corp. (NYSE:SF)

T. Rowe Price Investment Management Inc. decreased its position in Stifel Financial Corp. (NYSE:SF - Free Report) by 14.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 917,264 shares of the financial services provider's stock after selling 155,212 shares during the quarter. T. Rowe Price Investment Management Inc. owned 0.90% of Stifel Financial worth $97,304,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Stifel Financial during the fourth quarter worth about $137,448,000. FMR LLC increased its position in Stifel Financial by 8.5% during the fourth quarter. FMR LLC now owns 8,628,832 shares of the financial services provider's stock worth $915,346,000 after buying an additional 672,420 shares during the period. Wellington Management Group LLP increased its position in Stifel Financial by 32.2% during the fourth quarter. Wellington Management Group LLP now owns 2,588,964 shares of the financial services provider's stock worth $274,637,000 after buying an additional 630,255 shares during the period. Walleye Capital LLC lifted its stake in Stifel Financial by 477.9% in the fourth quarter. Walleye Capital LLC now owns 238,945 shares of the financial services provider's stock valued at $25,347,000 after buying an additional 197,598 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of Stifel Financial by 18.2% during the fourth quarter. Invesco Ltd. now owns 1,207,465 shares of the financial services provider's stock worth $128,088,000 after acquiring an additional 186,352 shares during the last quarter. Hedge funds and other institutional investors own 82.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on SF shares. 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 research note on Wednesday, April 2nd. JMP Securities reduced their price objective on Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. UBS Group lifted their target price on Stifel Financial from $116.00 to $120.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. The Goldman Sachs Group cut their price target on Stifel Financial from $121.00 to $105.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Stifel Financial from $123.00 to $100.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $105.50.

Stifel Financial Price Performance

Shares of NYSE SF traded down $1.40 during trading on Wednesday, hitting $84.81. 123,665 shares of the company were exchanged, compared to its average volume of 678,075. The firm's fifty day moving average price is $92.28 and its 200 day moving average price is $103.77. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78. The company has a market cap of $8.80 billion, a price-to-earnings ratio of 13.59 and a beta of 1.00. Stifel Financial Corp. has a 1 year low of $73.27 and a 1 year high of $120.64.

Stifel Financial (NYSE:SF - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.64 by ($1.15). The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.32 billion. Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. Stifel Financial's revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.49 earnings per share. On average, sell-side analysts expect that Stifel Financial Corp. will post 8.26 earnings per share 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.