Rehmann Capital Advisory Group Buys 331 Shares of Stifel Financial Corp. (NYSE:SF)

Rehmann Capital Advisory Group lifted its position in Stifel Financial Corp. (NYSE:SF) by 10.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,565 shares of the financial services provider’s stock after purchasing an additional 331 shares during the period. Rehmann Capital Advisory Group’s holdings in Stifel Financial were worth $378,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Mather Group LLC. lifted its stake in Stifel Financial by 14.6% in the 4th quarter. Mather Group LLC. now owns 707 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 90 shares in the last quarter. Hancock Whitney Corp raised its position in shares of Stifel Financial by 1.3% in the fourth quarter. Hancock Whitney Corp now owns 7,541 shares of the financial services provider’s stock worth $800,000 after buying an additional 99 shares in the last quarter. 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 valued at $34,000 after buying an additional 110 shares during the period. Smartleaf Asset Management LLC grew its position in Stifel Financial by 26.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 528 shares of the financial services provider’s stock worth $56,000 after buying an additional 111 shares in the last quarter. Finally, MML Investors Services LLC increased its stake in Stifel Financial by 0.5% in the 4th quarter. MML Investors Services LLC now owns 28,657 shares of the financial services provider’s stock worth $3,040,000 after acquiring an additional 136 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors.

Stifel Financial Stock Performance

Stifel Financial stock opened at $89.53 on Friday. The firm has a fifty day simple moving average of $91.25 and a two-hundred day simple moving average of $103.50. Stifel Financial Corp. has a twelve month low of $73.27 and a twelve month high of $120.64. The company has a market capitalization of $9.22 billion, a PE ratio of 14.35 and a beta of 1.00. The company has a quick ratio of 0.78, a current ratio of 0.82 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 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($1.15). The company 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%. The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.49 earnings per share. Research analysts expect that Stifel Financial Corp. will post 8.26 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SF shares. UBS Group lifted their price target on Stifel Financial from $116.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. The Goldman Sachs Group cut their price target on shares of Stifel Financial from $121.00 to $105.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. TD Cowen lowered their price objective on shares of Stifel Financial from $124.00 to $84.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. JMP Securities cut their target price on shares of Stifel Financial from $135.00 to $120.00 and set a “market outperform” rating for the company in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company lowered their price target on Stifel Financial from $106.00 to $102.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $105.50.

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.