Tower Research Capital LLC TRC Boosts Stock Position in Stifel Financial Corp. (NYSE:SF)

Tower Research Capital LLC TRC lifted its position in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 398.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,942 shares of the financial services provider's stock after acquiring an additional 6,350 shares during the quarter. Tower Research Capital LLC TRC's holdings in Stifel Financial were worth $842,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Stifel Financial in the fourth quarter worth $137,448,000. FMR LLC lifted its position in shares of Stifel Financial by 8.5% in the 4th 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 last quarter. Wellington Management Group LLP boosted its position in Stifel Financial by 32.2% during the 4th quarter. Wellington Management Group LLP now owns 2,588,964 shares of the financial services provider's stock worth $274,637,000 after acquiring an additional 630,255 shares during the period. Walleye Capital LLC boosted its holdings in shares of Stifel Financial by 477.9% in the fourth quarter. Walleye Capital LLC now owns 238,945 shares of the financial services provider's stock worth $25,347,000 after buying an additional 197,598 shares during the period. Finally, Invesco Ltd. raised its position in Stifel Financial by 18.2% during the fourth quarter. Invesco Ltd. now owns 1,207,465 shares of the financial services provider's stock valued at $128,088,000 after acquiring an additional 186,352 shares in the last quarter. Hedge funds and other institutional investors own 82.01% of the company's stock.

Stifel Financial Trading Up 1.4 %

SF traded up $1.22 on Thursday, reaching $86.91. 117,043 shares of the company traded hands, compared to its average volume of 677,682. The firm has a fifty day simple moving average of $91.91 and a two-hundred day simple moving average of $103.65. Stifel Financial Corp. has a one year low of $73.27 and a one year 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 cap of $9.02 billion, a P/E ratio of 13.97 and a beta of 1.00.

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). Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. The firm had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.32 billion. During the same period last year, the company posted $1.49 earnings per share. The business's quarterly revenue was up 7.9% on a year-over-year basis. As a group, equities research analysts expect that Stifel Financial Corp. will post 8.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

SF has been the subject of a number of recent analyst reports. Citigroup decreased their price target on shares of Stifel Financial from $125.00 to $105.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. The Goldman Sachs Group reduced 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. JMP Securities reduced 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 note on Tuesday, April 8th. StockNews.com upgraded shares of Stifel Financial from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. Finally, UBS Group increased their price target on shares of Stifel Financial from $116.00 to $120.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $105.50.

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.