1492 Capital Management LLC Has $5.62 Million Stock Holdings in Stifel Financial Corp. (NYSE:SF)

1492 Capital Management LLC cut its stake in Stifel Financial Corp. (NYSE:SF) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,021 shares of the financial services provider’s stock after selling 658 shares during the period. Stifel Financial accounts for approximately 2.7% of 1492 Capital Management LLC’s portfolio, making the stock its 7th largest position. 1492 Capital Management LLC’s holdings in Stifel Financial were worth $5,624,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Barclays PLC boosted its stake in Stifel Financial by 62.2% during the third quarter. Barclays PLC now owns 107,397 shares of the financial services provider’s stock worth $10,086,000 after acquiring 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 fourth quarter valued at approximately $2,759,000. V Square Quantitative Management LLC bought a new stake in shares of Stifel Financial in the 4th quarter worth approximately $26,000. Park Avenue Securities LLC grew its stake in shares of Stifel Financial by 31.1% in the 4th quarter. Park Avenue Securities LLC now owns 18,584 shares of the financial services provider’s stock worth $1,971,000 after buying an additional 4,413 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in Stifel Financial during the 4th quarter valued at approximately $849,000. 82.01% of the stock is owned by institutional investors.

Stifel Financial Stock Up 1.8 %

Shares of Stifel Financial stock opened at $85.13 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. Stifel Financial Corp. has a twelve month low of $73.27 and a twelve month high of $120.64. The company has a market cap of $8.83 billion, a price-to-earnings ratio of 13.64 and a beta of 1.00. The company’s 50 day moving average is $96.18 and its 200 day moving average is $104.29.

Stifel Financial (NYSE:SF) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.27. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. Research analysts anticipate that Stifel Financial Corp. will post 8.26 EPS for the current year.

Stifel Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.46 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.84 annualized dividend 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 is presently 29.49%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. JMP Securities dropped their target price on Stifel Financial from $135.00 to $120.00 and set a “market outperform” rating on the stock in a report on Tuesday, April 8th. Citigroup dropped their price target on shares of Stifel Financial from $125.00 to $105.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 2nd. TD Cowen reduced their price objective on shares of Stifel Financial from $124.00 to $84.00 and set a “hold” rating for the company in a research note on Wednesday, April 9th. Wells Fargo & Company dropped their target price on shares of Stifel Financial from $135.00 to $106.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Finally, StockNews.com raised shares of Stifel Financial from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Stifel Financial has an average rating of “Hold” and an average target price of $105.71.

Stifel Financial Company 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.