Tower Research Capital LLC TRC Has $842,000 Position in Stifel Financial Corp. (NYSE:SF)

Tower Research Capital LLC TRC increased its holdings in Stifel Financial Corp. (NYSE:SF) by 398.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,942 shares of the financial services provider’s stock after purchasing an additional 6,350 shares during the period. 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 hedge funds and other institutional investors have also recently added to or reduced their stakes in SF. V Square Quantitative Management LLC acquired a new position in shares of Stifel Financial in the 4th quarter worth approximately $26,000. Bessemer Group Inc. grew its position in Stifel Financial by 52.1% in the fourth quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 110 shares during the period. Versant Capital Management Inc raised its stake in Stifel Financial by 46.5% during the fourth quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 145 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Stifel Financial by 26.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 528 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 111 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its stake in shares of Stifel Financial by 84.3% in the 4th 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. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Trading Down 0.0 %

Shares of SF opened at $85.73 on Friday. The stock’s fifty day simple moving average is $93.19 and its 200-day simple moving average is $103.87. 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 firm has a market capitalization of $8.89 billion, a PE ratio of 13.74 and a beta of 1.00. Stifel Financial Corp. has a 12-month low of $73.27 and a 12-month high of $120.64.

Stifel Financial (NYSE:SF) last issued 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 $1.61 by ($1.12). Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the business posted $1.49 EPS. As a group, research analysts predict that Stifel Financial Corp. will post 8.26 earnings per share for the current year.

Stifel Financial Increases Dividend

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

Analyst Ratings Changes

Several brokerages recently issued reports on SF. JPMorgan Chase & Co. cut their price target 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. 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. StockNews.com raised Stifel Financial from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. TD Cowen reduced 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. Finally, Citigroup lowered their target price on Stifel Financial from $125.00 to $105.00 and set a “neutral” rating for the company in a research note on Wednesday, April 2nd. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Stifel Financial currently has an average rating of “Hold” and an average price target of $105.50.

About Stifel Financial

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.