5,741 Shares in Stifel Financial Corp. (NYSE:SF) Purchased by Centiva Capital LP

Centiva Capital LP bought a new position in shares of Stifel Financial Corp. (NYSE:SF) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,741 shares of the financial services provider’s stock, valued at approximately $609,000.

Other hedge funds have also modified their holdings of the company. Mather Group LLC. raised its position in Stifel Financial by 14.6% in the fourth quarter. Mather Group LLC. now owns 707 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 90 shares in the last quarter. Hancock Whitney Corp grew its stake in shares of Stifel Financial by 1.3% during the 4th quarter. Hancock Whitney Corp now owns 7,541 shares of the financial services provider’s stock worth $800,000 after purchasing an additional 99 shares during the period. Bessemer Group Inc. lifted its stake in shares of 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 purchasing an additional 110 shares during the period. Smartleaf Asset Management LLC boosted its holdings 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 boosted its holdings in Stifel Financial by 0.5% during the fourth quarter. MML Investors Services LLC now owns 28,657 shares of the financial services provider’s stock worth $3,040,000 after buying an additional 136 shares in the last quarter. 82.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on SF shares. The Goldman Sachs Group reduced 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 report on Thursday, April 3rd. Citigroup decreased their target price on Stifel Financial from $125.00 to $105.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 2nd. Wells Fargo & Company dropped their price target on Stifel Financial from $106.00 to $102.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. JPMorgan Chase & Co. decreased their price objective on shares of Stifel Financial from $123.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Finally, JMP Securities dropped 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 report on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $105.50.

Stifel Financial Trading Down 0.2 %

Shares of SF stock opened at $91.39 on Friday. The company has a market capitalization of $9.42 billion, a price-to-earnings ratio of 14.65 and a beta of 1.07. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average price of $89.88 and a 200 day moving average price of $103.10. Stifel Financial Corp. has a twelve month low of $73.27 and a twelve month high of $120.64.

Stifel Financial (NYSE:SF) last posted its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.64 by ($1.15). Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the firm earned $1.49 EPS. The business’s quarterly revenue was up 7.9% on a year-over-year basis. Research analysts forecast that Stifel Financial Corp. will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Monday, June 2nd. Stifel Financial’s dividend payout ratio (DPR) is 35.18%.

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.