Man Group plc Sells 1,632 Shares of Stifel Financial Corp. (NYSE:SF)

Man Group plc decreased its position in shares of Stifel Financial Corp. (NYSE:SF) by 5.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,800 shares of the financial services provider’s stock after selling 1,632 shares during the quarter. Man Group plc’s holdings in Stifel Financial were worth $3,161,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Nomura Holdings Inc. purchased a new position in shares of Stifel Financial during the fourth quarter valued at approximately $1,441,000. NorthRock Partners LLC purchased a new position in shares of Stifel Financial during the fourth quarter valued at approximately $611,000. OMERS ADMINISTRATION Corp purchased a new position in Stifel Financial in the fourth quarter worth $891,000. Lazard Asset Management LLC boosted its position in Stifel Financial by 18.3% in the fourth quarter. Lazard Asset Management LLC now owns 127,312 shares of the financial services provider’s stock worth $13,503,000 after purchasing an additional 19,699 shares during the last quarter. Finally, Lighthouse Investment Partners LLC purchased a new position in Stifel Financial in the fourth quarter worth $10,522,000. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Stifel Financial Stock Down 0.2%

Shares of NYSE SF opened at $94.27 on Friday. Stifel Financial Corp. has a one year low of $73.27 and a one year high of $120.64. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78. The business’s fifty day moving average price is $90.22 and its 200-day moving average price is $102.73. The stock has a market capitalization of $9.68 billion, a PE ratio of 15.11 and a beta of 1.07.

Stifel Financial (NYSE:SF) last issued its quarterly 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 for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the company earned $1.49 EPS. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. On average, equities research analysts anticipate that Stifel Financial Corp. will post 8.26 EPS for the current year.

Stifel Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors 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 dividend on an annualized basis and a dividend yield of 1.95%. Stifel Financial’s payout ratio is 35.18%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. JPMorgan Chase & Co. cut their price objective 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 cut 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. UBS Group boosted their price objective on Stifel Financial from $116.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Citigroup cut their price objective on Stifel Financial from $125.00 to $105.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 2nd. Finally, Wolfe Research raised 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.