T. Rowe Price Investment Management Inc. Trims Stock Position in Stifel Financial Corp. (NYSE:SF)

T. Rowe Price Investment Management Inc. lowered its stake in shares of Stifel Financial Corp. (NYSE:SF) by 14.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 917,264 shares of the financial services provider’s stock after selling 155,212 shares during the period. T. Rowe Price Investment Management Inc.’s holdings in Stifel Financial were worth $97,304,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in shares of Stifel Financial during the 4th quarter worth $26,000. Bessemer Group Inc. lifted its position in Stifel Financial by 52.1% during the 4th 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. Versant Capital Management Inc boosted its stake 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 boosted its position 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 valued at $56,000 after buying an additional 111 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its holdings in Stifel Financial by 84.3% in 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 during the last quarter. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Stifel Financial Price Performance

NYSE SF opened at $85.57 on Friday. Stifel Financial Corp. has a 1 year low of $73.27 and a 1 year high of $120.64. The stock’s 50-day moving average price is $93.71 and its two-hundred day moving average price is $103.93. The company has a market cap of $8.88 billion, a PE ratio of 13.71 and a beta of 1.00. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27.

Stifel Financial (NYSE:SF) last issued its earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 EPS for the quarter, missing the consensus estimate of $1.61 by ($1.12). The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.32 billion. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. During the same period last year, the business earned $1.49 EPS. On average, analysts predict that Stifel Financial Corp. will post 8.26 EPS for the current year.

Stifel Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.46 per share. This is a boost from Stifel Financial’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend was Monday, March 3rd. Stifel Financial’s payout ratio is currently 29.49%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Stifel Financial from $123.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, April 11th. 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 note on Tuesday, April 8th. Citigroup reduced their price objective on Stifel Financial from $125.00 to $105.00 and set a “neutral” rating for the company in a research report on Wednesday, April 2nd. 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 research report on Thursday. Finally, TD Cowen dropped their price objective on Stifel Financial from $124.00 to $84.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently 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.