Balyasny Asset Management L.P. Reduces Position in Stifel Financial Corp. (NYSE:SF)

Balyasny Asset Management L.P. cut its holdings in shares of Stifel Financial Corp. (NYSE:SF) by 90.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,925 shares of the financial services provider’s stock after selling 287,259 shares during the period. Balyasny Asset Management L.P.’s holdings in Stifel Financial were worth $3,281,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of SF. Barclays PLC lifted its position in shares of Stifel Financial by 62.2% during the 3rd quarter. Barclays PLC now owns 107,397 shares of the financial services provider’s stock valued at $10,086,000 after buying an additional 41,171 shares in the last quarter. TT International Asset Management LTD purchased a new position in shares of Stifel Financial during the 4th quarter valued at about $2,759,000. V Square Quantitative Management LLC purchased a new position in shares of Stifel Financial during the 4th quarter valued at about $26,000. Park Avenue Securities LLC raised its stake in Stifel Financial by 31.1% during the 4th quarter. Park Avenue Securities LLC now owns 18,584 shares of the financial services provider’s stock valued at $1,971,000 after purchasing an additional 4,413 shares during the period. Finally, Janney Montgomery Scott LLC bought a new stake in Stifel Financial during the 4th quarter valued at approximately $849,000. 82.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SF. UBS Group lifted their target price on Stifel Financial from $116.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Wolfe Research raised Stifel Financial from a “peer perform” rating to an “outperform” rating and set a $108.00 target price on the stock in a research note on Thursday, April 24th. 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 note on Friday, April 11th. The Goldman Sachs Group reduced their price objective on Stifel Financial from $121.00 to $105.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. Finally, Wells Fargo & Company reduced their price objective 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. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $105.50.

Stifel Financial Stock Performance

NYSE SF opened at $91.39 on Monday. The company has a market cap of $9.42 billion, a P/E ratio of 14.65 and a beta of 1.07. 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 business’s 50 day moving average price is $89.88 and its 200-day moving average price is $103.10. Stifel Financial Corp. has a fifty-two week low of $73.27 and a fifty-two week high of $120.64.

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

Stifel Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.01%. The ex-dividend date is Monday, June 2nd. Stifel Financial’s dividend payout ratio (DPR) is presently 35.18%.

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.