NorthRock Partners LLC Buys Shares of 5,762 Stifel Financial Corp. (NYSE:SF)

NorthRock Partners LLC purchased a new position in shares of Stifel Financial Corp. (NYSE:SF) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 5,762 shares of the financial services provider’s stock, valued at approximately $611,000.

A number of other institutional investors also recently modified their holdings of SF. FMR LLC grew its stake in shares of Stifel Financial by 8.5% in the 4th quarter. FMR LLC now owns 8,628,832 shares of the financial services provider’s stock valued at $915,346,000 after buying an additional 672,420 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Stifel Financial by 32.2% during the 4th quarter. Wellington Management Group LLP now owns 2,588,964 shares of the financial services provider’s stock worth $274,637,000 after purchasing an additional 630,255 shares during the period. Fisher Asset Management LLC lifted 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 acquiring an additional 76,163 shares during the period. Norges Bank bought a new position in Stifel Financial in the fourth quarter worth $137,448,000. Finally, Invesco Ltd. lifted its holdings in shares of Stifel Financial by 18.2% during the 4th quarter. Invesco Ltd. now owns 1,207,465 shares of the financial services provider’s stock worth $128,088,000 after acquiring an additional 186,352 shares during the period. Institutional investors and hedge funds own 82.01% of the company’s stock.

Stifel Financial Stock Down 1.2%

Shares of Stifel Financial stock opened at $98.10 on Friday. The business has a fifty day simple moving average of $90.03 and a 200 day simple moving average of $102.97. The stock has a market cap of $10.11 billion, a PE ratio of 15.72 and a beta of 1.07. 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 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 analysts’ consensus estimates of $1.64 by ($1.15). The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.32 billion. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. Stifel Financial’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the business posted $1.49 EPS. Research analysts predict that Stifel Financial Corp. will post 8.26 EPS for the current year.

Stifel Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Monday, June 2nd. Stifel Financial’s dividend payout ratio is currently 35.18%.

Wall Street Analyst Weigh In

Several research firms recently commented on SF. Citigroup decreased their price target on Stifel Financial from $125.00 to $105.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 2nd. JPMorgan Chase & Co. decreased their price target on shares of Stifel Financial from $123.00 to $100.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. UBS Group lifted their price objective on Stifel Financial from $116.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. The Goldman Sachs Group dropped their price objective on Stifel Financial from $121.00 to $105.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. Finally, Wolfe Research upgraded shares of Stifel Financial from a “peer perform” rating to an “outperform” rating and set a $108.00 target price 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. According to MarketBeat.com, the company currently 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.