Focus Partners Wealth Takes $2.36 Million Position in Stifel Financial Corp. (NYSE:SF)

Focus Partners Wealth purchased a new position in Stifel Financial Corp. (NYSE:SF) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 22,257 shares of the financial services provider’s stock, valued at approximately $2,361,000.

Several other institutional investors also recently modified their holdings of SF. FMR LLC boosted its stake 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 acquiring an additional 672,420 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of 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 valued at $274,637,000 after purchasing an additional 630,255 shares during the last quarter. Fisher Asset Management LLC boosted its position in shares of Stifel Financial by 5.2% in the 4th quarter. Fisher Asset Management LLC now owns 1,540,584 shares of the financial services provider’s stock worth $163,425,000 after purchasing an additional 76,163 shares in the last quarter. Norges Bank purchased a new stake in shares of Stifel Financial in the 4th quarter worth approximately $137,448,000. Finally, Invesco Ltd. increased its position in Stifel Financial by 18.2% during the 4th quarter. Invesco Ltd. now owns 1,207,465 shares of the financial services provider’s stock valued at $128,088,000 after buying an additional 186,352 shares in the last quarter. 82.01% of the stock is currently owned by institutional investors.

Stifel Financial Stock Down 1.2%

Stifel Financial stock opened at $98.10 on Friday. Stifel Financial Corp. has a one year low of $73.27 and a one year high of $120.64. The stock has a fifty day moving average of $90.03 and a 200 day moving average of $102.97. 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 cap of $10.11 billion, a PE ratio of 15.72 and a beta of 1.07.

Stifel Financial (NYSE:SF) last released its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 EPS for the quarter, missing the consensus estimate of $1.64 by ($1.15). The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.49 EPS. As a group, sell-side analysts predict that Stifel Financial Corp. will post 8.26 EPS for the current year.

Stifel Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a $0.46 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.84 annualized dividend and a yield of 1.88%. Stifel Financial’s payout ratio is presently 35.18%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on SF shares. JPMorgan Chase & Co. dropped their target price on Stifel Financial from $123.00 to $100.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. JMP Securities cut 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. Wells Fargo & Company decreased their target price on shares of Stifel Financial from $106.00 to $102.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. TD Cowen cut their price target on shares of Stifel Financial from $124.00 to $84.00 and set a “hold” rating on the stock in a report on Wednesday, April 9th. Finally, StockNews.com upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Stifel Financial has an average rating of “Hold” and an average target price 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.