Systematic Financial Management LP Boosts Position in Stifel Financial Corp. (NYSE:SF)

Systematic Financial Management LP raised its stake in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and 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 makes up about 1.1% of Systematic Financial Management LP's holdings, making the stock its 16th biggest holding. Systematic Financial Management LP owned about 0.41% of Stifel Financial worth $44,057,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in shares of Stifel Financial during the 4th quarter valued at $26,000. Bessemer Group Inc. boosted 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 worth $34,000 after acquiring an additional 110 shares in the last quarter. Quarry LP bought a new stake in Stifel Financial during the fourth quarter worth about $49,000. Smartleaf Asset Management LLC grew its holdings 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 worth $56,000 after purchasing an additional 111 shares during the period. Finally, Brown Brothers Harriman & Co. increased its stake in shares of 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 Analyst Weigh In

A number of analysts have recently commented on SF shares. Wall Street Zen raised Stifel Financial from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. The Goldman Sachs Group dropped their target price on Stifel Financial from $121.00 to $105.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Wolfe Research raised Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 target price on the stock in a research note on Thursday, April 24th. UBS Group lifted their price target on Stifel Financial from $116.00 to $120.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Finally, JMP Securities dropped their price target on shares of Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Stifel Financial presently has a consensus rating of "Hold" and an average target price of $105.50.

Stifel Financial Stock Performance

Shares of Stifel Financial stock traded up $0.18 during trading on Thursday, hitting $94.68. 245,804 shares of the company's stock traded hands, compared to its average volume of 679,876. Stifel Financial Corp. has a 1 year low of $73.27 and a 1 year high of $120.64. The business has a 50-day simple moving average of $90.27 and a 200-day simple moving average of $102.78. The stock has a market capitalization of $9.73 billion, a P/E ratio of 15.17 and a beta of 1.07. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78.

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

Stifel Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Monday, June 2nd. Stifel Financial's dividend payout ratio is currently 35.18%.

Stifel Financial Company 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.