Mariner LLC Purchases 500 Shares of Stifel Financial Corp. (NYSE:SF)

Mariner LLC boosted its position in Stifel Financial Corp. (NYSE:SF) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,548 shares of the financial services provider’s stock after purchasing an additional 500 shares during the quarter. Mariner LLC’s holdings in Stifel Financial were worth $3,453,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new position in Stifel Financial during the 4th quarter valued at about $26,000. Bessemer Group Inc. lifted its holdings in shares of Stifel Financial by 52.1% during the fourth quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 110 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of Stifel Financial by 46.5% in the 4th quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 145 shares in the last quarter. Smartleaf Asset Management LLC increased its position in Stifel Financial by 26.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 528 shares of the financial services provider’s stock valued at $56,000 after buying an additional 111 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its stake in Stifel Financial by 84.3% during the fourth quarter. Brown Brothers Harriman & Co. now owns 553 shares of the financial services provider’s stock valued at $59,000 after buying an additional 253 shares during the last quarter. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SF shares. Citigroup reduced their price target on Stifel Financial from $125.00 to $105.00 and set a “neutral” rating for the company in a report on Wednesday, April 2nd. The Goldman Sachs Group decreased their target price on shares of Stifel Financial from $121.00 to $105.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. JPMorgan Chase & Co. cut their price target on shares of Stifel Financial from $123.00 to $100.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. TD Cowen decreased their price objective on shares of Stifel Financial from $124.00 to $84.00 and set a “hold” rating for the company in a report on Wednesday, April 9th. Finally, Wells Fargo & Company cut their target price on Stifel Financial from $135.00 to $106.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $105.71.

Stifel Financial Price Performance

Shares of SF opened at $83.24 on Tuesday. The firm has a fifty day simple moving average of $95.22 and a two-hundred day simple moving average of $104.28. The firm has a market cap of $8.64 billion, a PE ratio of 13.34 and a beta of 1.00. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27. Stifel Financial Corp. has a 1-year low of $73.27 and a 1-year high of $120.64.

Stifel Financial (NYSE:SF) last posted its earnings results on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share for the quarter, beating 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%. On average, equities 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 paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from Stifel Financial’s previous quarterly dividend of $0.42. Stifel Financial’s dividend payout ratio (DPR) is currently 29.49%.

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.