Systematic Financial Management LP Buys 10,905 Shares of Stifel Financial Corp. (NYSE:SF)

Systematic Financial Management LP raised its position in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 415,321 shares of the financial services provider's stock after purchasing an additional 10,905 shares during the quarter. Stifel Financial accounts for approximately 1.1% of Systematic Financial Management LP's holdings, making the stock its 16th biggest position. Systematic Financial Management LP owned about 0.41% of Stifel Financial worth $44,057,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SF. V Square Quantitative Management LLC purchased a new stake in Stifel Financial during the fourth quarter valued at approximately $26,000. Bessemer Group Inc. increased its stake in shares of Stifel Financial by 52.1% in the 4th quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider's stock worth $34,000 after purchasing an additional 110 shares in the last quarter. Quarry LP purchased a new stake in shares of Stifel Financial in the 4th quarter worth $49,000. Smartleaf Asset Management LLC raised its holdings in Stifel Financial by 26.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 528 shares of the financial services provider's stock worth $56,000 after purchasing an additional 111 shares during the period. 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 valued at $59,000 after purchasing an additional 253 shares in the last quarter. Hedge funds and other institutional investors own 82.01% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the company. The Goldman Sachs Group reduced their price target on Stifel Financial from $121.00 to $105.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. UBS Group increased their target price on shares of Stifel Financial from $116.00 to $120.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Wells Fargo & Company lowered their price target on shares of Stifel Financial from $106.00 to $102.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Citigroup dropped their price target on shares of Stifel Financial from $125.00 to $105.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Finally, JMP Securities decreased their price objective on shares of 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. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Stifel Financial has an average rating of "Hold" and an average price target of $105.50.

Stifel Financial Price Performance

Shares of Stifel Financial stock traded down $1.31 on Tuesday, hitting $97.18. 445,653 shares of the company traded hands, compared to its average volume of 683,880. Stifel Financial Corp. has a 52 week low of $73.27 and a 52 week high of $120.64. The business has a 50-day simple moving average of $90.28 and a 200 day simple moving average of $102.84. 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 stock has a market capitalization of $9.98 billion, a P/E ratio of 15.57 and a beta of 1.07.

Stifel Financial (NYSE:SF - Get Free Report) last announced 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 during 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 prior year, the firm posted $1.49 earnings per share. Research analysts expect that Stifel Financial Corp. will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $0.46 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.89%. 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.