Freestone Grove Partners LP Makes New $4.10 Million Investment in Stifel Financial Corp. (NYSE:SF)

Freestone Grove Partners LP purchased a new position in Stifel Financial Corp. (NYSE:SF) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 38,656 shares of the financial services provider’s stock, valued at approximately $4,101,000.

Several other large investors also recently made changes to their positions in the stock. FMR LLC lifted its position in Stifel Financial by 8.5% during the 4th quarter. FMR LLC now owns 8,628,832 shares of the financial services provider’s stock worth $915,346,000 after acquiring an additional 672,420 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Stifel Financial by 32.2% during the 4th quarter. Wellington Management Group LLP now owns 2,588,964 shares of the financial services provider’s stock worth $274,637,000 after purchasing an additional 630,255 shares during the last quarter. Fisher Asset Management LLC boosted its stake in Stifel Financial by 5.2% during the 4th quarter. Fisher Asset Management LLC now owns 1,540,584 shares of the financial services provider’s stock valued at $163,425,000 after purchasing an additional 76,163 shares during the period. Norges Bank acquired a new stake in Stifel Financial in the 4th quarter valued at approximately $137,448,000. Finally, Invesco Ltd. increased its position in Stifel Financial by 18.2% in the 4th quarter. Invesco Ltd. now owns 1,207,465 shares of the financial services provider’s stock worth $128,088,000 after buying an additional 186,352 shares during the period. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Price Performance

Stifel Financial stock opened at $89.53 on Friday. The business has a 50 day simple moving average of $91.25 and a 200 day simple moving average of $103.50. Stifel Financial Corp. has a one year low of $73.27 and a one year high of $120.64. The company has a market capitalization of $9.22 billion, a PE ratio of 14.35 and a beta of 1.00. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78.

Stifel Financial (NYSE:SF) last issued its earnings results 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 firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.32 billion. Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.49 EPS. On average, sell-side analysts forecast that Stifel Financial Corp. will post 8.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SF has been the subject of several research reports. TD Cowen reduced their price objective on Stifel Financial from $124.00 to $84.00 and set a “hold” rating for the company in a research report on Wednesday, April 9th. The Goldman Sachs Group decreased their price target on shares of Stifel Financial from $121.00 to $105.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. Wolfe Research raised shares of Stifel Financial from a “peer perform” rating to an “outperform” rating and set a $108.00 price objective for the company in a research report on Thursday, April 24th. StockNews.com raised Stifel Financial from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Finally, UBS Group raised 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. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target 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.