Stifel Financial Corp. (NYSE:SF) Stake Lessened by Stifel Financial Corp

Stifel Financial Corp reduced its holdings in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 5.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,156,932 shares of the financial services provider's stock after selling 122,335 shares during the quarter. Stifel Financial Corp owned approximately 2.11% of Stifel Financial worth $228,807,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SF. V Square Quantitative Management LLC purchased a new position in shares of Stifel Financial during the fourth quarter valued at approximately $26,000. Bessemer Group Inc. boosted its holdings in shares of Stifel Financial by 52.1% during the fourth quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider's stock worth $34,000 after purchasing an additional 110 shares during the last quarter. Versant Capital Management Inc grew its position 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 valued at $48,000 after purchasing an additional 145 shares during the period. Smartleaf Asset Management LLC increased its stake in Stifel Financial by 26.6% in 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 during the last quarter. Finally, Brown Brothers Harriman & Co. lifted its position 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 worth $59,000 after buying an additional 253 shares during the period. Institutional investors and hedge funds own 82.01% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on SF. Wells Fargo & Company lowered their price target on Stifel Financial from $106.00 to $102.00 and set an "overweight" rating for the company in a report on Thursday. UBS Group increased their price target on shares of Stifel Financial from $116.00 to $120.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. 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 note on Wednesday, April 9th. JMP Securities cut their target price on Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. Finally, StockNews.com upgraded Stifel Financial from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $105.50.

Stifel Financial Stock Down 0.0 %

Shares of NYSE SF traded down $0.01 on Friday, hitting $85.73. The company had a trading volume of 916,923 shares, compared to its average volume of 679,634. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. Stifel Financial Corp. has a 12-month low of $73.27 and a 12-month high of $120.64. The firm has a market capitalization of $8.89 billion, a P/E ratio of 13.74 and a beta of 1.00. The business has a 50 day moving average of $93.19 and a two-hundred day moving average of $103.87.

Stifel Financial (NYSE:SF - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($1.12). The firm had revenue of $1.26 billion during 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%. During the same period last year, the business earned $1.49 EPS. As a group, equities research analysts forecast that Stifel Financial Corp. will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.46 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.84 dividend on an annualized basis and a yield of 2.15%. This is a positive change from Stifel Financial's previous quarterly dividend of $0.42. Stifel Financial's payout ratio is currently 29.49%.

About Stifel Financial

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.