Sherbrooke Park Advisers LLC Makes New Investment in Stifel Financial Corp. (NYSE:SF)

Sherbrooke Park Advisers LLC purchased a new position in shares of Stifel Financial Corp. (NYSE:SF) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,190 shares of the financial services provider’s stock, valued at approximately $338,000.

Other hedge funds also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in shares of Stifel Financial in the fourth quarter valued at approximately $26,000. Bessemer Group Inc. lifted its position 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 acquiring an additional 110 shares in the last quarter. Quarry LP purchased a new position in shares of Stifel Financial in the fourth quarter valued at approximately $49,000. Smartleaf Asset Management LLC lifted its position in shares of Stifel Financial by 26.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 528 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 111 shares in the last quarter. Finally, Brown Brothers Harriman & Co. lifted its position 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 valued at $59,000 after acquiring an additional 253 shares in the last quarter. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Stifel Financial Price Performance

SF stock opened at $98.90 on Monday. The business has a fifty day moving average of $90.13 and a two-hundred day moving average of $102.91. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. The stock has a market cap of $10.16 billion, a price-to-earnings ratio of 15.85 and a beta of 1.07. Stifel Financial Corp. has a 52-week low of $73.27 and a 52-week high of $120.64.

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

Stifel Financial Announces Dividend

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

Analyst Upgrades and Downgrades

SF has been the topic of several research reports. Wells Fargo & Company decreased their target price 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. UBS Group raised their target price on Stifel Financial from $116.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, February 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 research report on Friday, April 11th. TD Cowen reduced their price objective on Stifel Financial from $124.00 to $84.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. Finally, Wolfe Research upgraded Stifel Financial from a “peer perform” rating to an “outperform” rating and set a $108.00 price objective on the stock in a research report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Stifel Financial presently has a consensus rating of “Hold” and an average target price 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.