Tower Research Capital LLC TRC Has $842,000 Stake in Stifel Financial Corp. (NYSE:SF)

Tower Research Capital LLC TRC boosted its holdings in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 398.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,942 shares of the financial services provider's stock after acquiring an additional 6,350 shares during the period. Tower Research Capital LLC TRC's holdings in Stifel Financial were worth $842,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SF. V Square Quantitative Management LLC acquired a new stake in shares of Stifel Financial during the fourth quarter worth $26,000. Bessemer Group Inc. increased its holdings in Stifel Financial by 52.1% during the 4th quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider's stock worth $34,000 after purchasing an additional 110 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Stifel Financial by 46.5% in the 4th quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider's stock valued at $48,000 after purchasing an additional 145 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Stifel Financial by 26.6% in the 4th 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. grew its holdings in shares of Stifel Financial by 84.3% in the 4th 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. 82.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SF. Citigroup decreased their price objective on Stifel Financial from $125.00 to $105.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. Wolfe Research upgraded Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 price objective for the company in a report on Thursday. Wells Fargo & Company decreased their price objective on Stifel Financial from $106.00 to $102.00 and set an "overweight" rating for the company in a report on Thursday. UBS Group raised their price objective on Stifel Financial from $116.00 to $120.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. decreased their price objective on Stifel Financial from $123.00 to $100.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Stifel Financial has a consensus rating of "Hold" and an average target price of $105.50.

Stifel Financial Stock Performance

Stifel Financial stock traded up $0.26 during midday trading on Monday, reaching $86.03. 868,369 shares of the company's stock were exchanged, compared to its average volume of 681,406. Stifel Financial Corp. has a 52 week low of $73.27 and a 52 week high of $120.64. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. The firm has a market cap of $8.93 billion, a price-to-earnings ratio of 13.79 and a beta of 1.00. The stock's 50-day simple moving average is $92.70 and its 200 day simple moving average is $103.90.

Stifel Financial (NYSE:SF - Get Free Report) last issued its quarterly earnings data 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). Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the firm earned $1.49 EPS. The company's revenue was up 7.9% on a year-over-year basis. On average, analysts expect that Stifel Financial Corp. will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from Stifel Financial's previous quarterly dividend of $0.42. Stifel Financial's payout ratio is currently 35.18%.

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.