Stifel Financial Corp. (NYSE:SF) Stake Lowered by Stifel Financial Corp

Stifel Financial Corp trimmed its stake in shares of Stifel Financial Corp. (NYSE:SF) by 5.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,156,932 shares of the financial services provider’s stock after selling 122,335 shares during the quarter. Stifel Financial Corp owned about 2.11% of Stifel Financial worth $228,807,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in SF. Tower Research Capital LLC TRC increased its holdings in shares of Stifel Financial by 398.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,942 shares of the financial services provider’s stock valued at $842,000 after purchasing an additional 6,350 shares during the period. MML Investors Services LLC grew its position in Stifel Financial by 0.5% in the 4th quarter. MML Investors Services LLC now owns 28,657 shares of the financial services provider’s stock valued at $3,040,000 after buying an additional 136 shares in the last quarter. MetLife Investment Management LLC increased its stake in Stifel Financial by 8.9% during the 4th quarter. MetLife Investment Management LLC now owns 57,643 shares of the financial services provider’s stock valued at $6,115,000 after buying an additional 4,716 shares during the period. Natixis bought a new stake in shares of Stifel Financial during the 4th quarter worth about $1,249,000. Finally, Curi RMB Capital LLC lifted its stake in shares of Stifel Financial by 4.9% in the 4th quarter. Curi RMB Capital LLC now owns 72,704 shares of the financial services provider’s stock worth $7,712,000 after acquiring an additional 3,403 shares during the period. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Price Performance

Stifel Financial stock opened at $85.13 on Monday. The business has a 50 day simple moving average of $95.71 and a 200 day simple moving average of $104.37. 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 $8.83 billion, a PE ratio of 13.64 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 posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.27. Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. On average, sell-side analysts forecast that Stifel Financial Corp. will post 8.26 EPS for the current fiscal year.

Stifel Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.46 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.16%. This is a positive change from Stifel Financial’s previous quarterly dividend of $0.42. Stifel Financial’s dividend payout ratio (DPR) is currently 29.49%.

Wall Street Analyst Weigh In

SF has been the topic of a number of research analyst reports. UBS Group lifted their target price on Stifel Financial from $116.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. lowered their price objective on shares of Stifel Financial from $123.00 to $100.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Citigroup dropped their target price on shares of Stifel Financial from $125.00 to $105.00 and set a “neutral” rating on the stock in a report on Wednesday, April 2nd. Wells Fargo & Company decreased their price target on shares of Stifel Financial from $135.00 to $106.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Finally, TD Cowen cut 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. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average 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.