Stifel Financial Corp. (NYSE:SF) Stock Holdings Trimmed by Ameriprise Financial Inc.

Ameriprise Financial Inc. lowered its holdings in shares of Stifel Financial Corp. (NYSE:SF) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,341 shares of the financial services provider’s stock after selling 2,930 shares during the period. Ameriprise Financial Inc. owned approximately 0.13% of Stifel Financial worth $14,039,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Freestone Grove Partners LP bought a new stake in Stifel Financial during the 4th quarter valued at $4,101,000. Rehmann Capital Advisory Group raised its stake in shares of Stifel Financial by 10.2% in the 4th quarter. Rehmann Capital Advisory Group now owns 3,565 shares of the financial services provider’s stock worth $378,000 after buying an additional 331 shares in the last quarter. Schonfeld Strategic Advisors LLC raised its stake in shares of Stifel Financial by 159.6% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 74,449 shares of the financial services provider’s stock worth $7,898,000 after buying an additional 45,775 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Stifel Financial by 1.4% in the 4th quarter. AQR Capital Management LLC now owns 334,171 shares of the financial services provider’s stock worth $35,449,000 after buying an additional 4,724 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Stifel Financial by 14.8% in the 4th quarter. Northern Trust Corp now owns 1,128,978 shares of the financial services provider’s stock worth $119,762,000 after buying an additional 145,902 shares in the last quarter. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Stock Performance

Shares of SF stock opened at $98.90 on Friday. Stifel Financial Corp. has a 1-year low of $73.27 and a 1-year high of $120.64. 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 company has a market capitalization of $10.16 billion, a price-to-earnings ratio of 15.85 and a beta of 1.07. The stock’s fifty day simple moving average is $90.13 and its 200-day simple moving average is $102.92.

Stifel Financial (NYSE:SF) last issued its earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 EPS 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 analysts’ expectations of $1.32 billion. During the same quarter last year, the firm earned $1.49 EPS. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, sell-side analysts predict that Stifel Financial Corp. will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

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 paid a $0.46 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.84 dividend on an annualized basis and a yield of 1.86%. Stifel Financial’s dividend payout ratio (DPR) is currently 35.18%.

Analysts Set New Price Targets

A number of research firms have recently commented on SF. Citigroup dropped their price objective 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. StockNews.com raised Stifel Financial from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. The Goldman Sachs Group decreased 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. JPMorgan Chase & Co. decreased their target price on Stifel Financial from $123.00 to $100.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Finally, TD Cowen decreased their target price on Stifel Financial from $124.00 to $84.00 and set a “hold” rating on the stock in a report on Wednesday, April 9th. Five research 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.com, the company presently has a consensus rating of “Hold” and an average target price 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.