D. E. Shaw & Co. Inc. Reduces Stock Position in Stifel Financial Corp. (NYSE:SF)

D. E. Shaw & Co. Inc. lessened its position in shares of Stifel Financial Corp. (NYSE:SF) by 49.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 37,068 shares of the financial services provider’s stock after selling 35,955 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in Stifel Financial were worth $3,932,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new stake in Stifel Financial during the 4th quarter valued at about $26,000. Bessemer Group Inc. grew its stake in Stifel Financial by 52.1% during the 4th 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 last quarter. Quarry LP purchased a new stake in Stifel Financial during the 4th quarter valued at about $49,000. Smartleaf Asset Management LLC grew its stake in Stifel Financial by 26.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 528 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 111 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its stake in shares of Stifel Financial by 84.3% in the fourth quarter. Brown Brothers Harriman & Co. now owns 553 shares of the financial services provider’s stock worth $59,000 after buying an additional 253 shares during the last quarter. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Citigroup lowered their target price 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. UBS Group upped their target price on Stifel Financial from $116.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Wells Fargo & Company lowered their target price on Stifel Financial from $106.00 to $102.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. JPMorgan Chase & Co. lowered their target price on Stifel Financial from $123.00 to $100.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Finally, TD Cowen lowered their target price 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 analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Stifel Financial presently has an average rating of “Hold” and a consensus target price of $105.50.

Stifel Financial Stock Performance

Shares of SF stock opened at $98.90 on Friday. The company has a market capitalization of $10.16 billion, a P/E ratio of 15.85 and a beta of 1.07. The business’s 50 day moving average is $90.13 and its two-hundred day moving average is $102.92. 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 Corp. has a 12-month low of $73.27 and a 12-month high of $120.64.

Stifel Financial (NYSE:SF) last issued its quarterly 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 business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.49 EPS. Analysts expect that Stifel Financial Corp. will post 8.26 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.46 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.86%. Stifel Financial’s payout ratio is currently 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.