Kennedy Capital Management LLC Trims Position in Stifel Financial Corp. (NYSE:SF)

Kennedy Capital Management LLC trimmed its position in Stifel Financial Corp. (NYSE:SF - Free Report) by 32.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 377,731 shares of the financial services provider's stock after selling 181,997 shares during the period. Stifel Financial accounts for 0.9% of Kennedy Capital Management LLC's portfolio, making the stock its 4th biggest position. Kennedy Capital Management LLC owned approximately 0.37% of Stifel Financial worth $40,070,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Mather Group LLC. increased its position in shares of Stifel Financial by 14.6% during the fourth quarter. Mather Group LLC. now owns 707 shares of the financial services provider's stock valued at $75,000 after acquiring an additional 90 shares in the last quarter. Bessemer Group Inc. raised 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 worth $34,000 after purchasing an additional 110 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Stifel Financial by 26.6% during the fourth 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 in the last quarter. Quadrant Capital Group LLC boosted its position in shares of Stifel Financial by 7.2% during the fourth quarter. Quadrant Capital Group LLC now owns 2,060 shares of the financial services provider's stock valued at $219,000 after buying an additional 138 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings in Stifel Financial by 46.5% in the 4th quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider's stock worth $48,000 after buying an additional 145 shares in the last quarter. Institutional investors own 82.01% of the company's stock.

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Stifel Financial Stock Performance

NYSE SF traded up $1.55 on Tuesday, reaching $85.88. 408,035 shares of the stock were exchanged, compared to its average volume of 659,209. The firm has a market capitalization of $8.91 billion, a PE ratio of 13.76 and a beta of 1.00. Stifel Financial Corp. has a one year low of $73.27 and a one year high of $120.64. The company's 50-day simple moving average is $97.84 and its two-hundred day simple moving average is $104.63. 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 (NYSE:SF - Get Free Report) last released its earnings results on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share for the quarter, beating analysts' consensus estimates of $1.96 by $0.27. Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. Analysts expect that Stifel Financial Corp. will post 8.26 EPS for the current fiscal year.

Stifel Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.84 annualized dividend and a dividend yield of 2.14%. This is a boost from Stifel Financial's previous quarterly dividend of $0.42. Stifel Financial's dividend payout ratio (DPR) is currently 29.49%.

Wall Street Analysts Forecast Growth

SF has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Stifel Financial from $135.00 to $106.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. JMP Securities reduced their price objective on Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. UBS Group boosted their price target on Stifel Financial from $116.00 to $120.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. TD Cowen lowered their price objective on shares of Stifel Financial from $124.00 to $84.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Finally, Citigroup cut their target price on shares of Stifel Financial from $125.00 to $105.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $105.71.

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.