Stifel Financial Corp. (NYSE:SF) Shares Acquired by Huntington National Bank

Huntington National Bank lifted its holdings in Stifel Financial Corp. (NYSE:SF) by 27.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 805 shares of the financial services provider’s stock after purchasing an additional 174 shares during the quarter. Huntington National Bank’s holdings in Stifel Financial were worth $85,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SF. Mather Group LLC. lifted its stake in shares of Stifel Financial by 14.6% during the fourth quarter. Mather Group LLC. now owns 707 shares of the financial services provider’s stock worth $75,000 after buying an additional 90 shares during the period. Smartleaf Asset Management LLC raised its stake in Stifel Financial by 26.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 528 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 111 shares during the last quarter. Versant Capital Management Inc raised its stake in 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 acquiring an additional 145 shares during the last quarter. Principal Securities Inc. lifted its position in Stifel Financial by 10.1% during the 4th quarter. Principal Securities Inc. now owns 1,642 shares of the financial services provider’s stock worth $174,000 after acquiring an additional 150 shares during the period. Finally, Rehmann Capital Advisory Group grew its stake in Stifel Financial by 4.9% during the 3rd quarter. Rehmann Capital Advisory Group now owns 3,234 shares of the financial services provider’s stock valued at $306,000 after purchasing an additional 151 shares during the last quarter. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SF has been the subject of several research analyst reports. JPMorgan Chase & Co. started coverage on Stifel Financial in a research note on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 price objective for the company. The Goldman Sachs Group decreased their price objective on shares of Stifel Financial from $121.00 to $105.00 and set a “neutral” rating for the company in a research note on Thursday. Citigroup cut their price objective 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. StockNews.com upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Finally, UBS Group increased their price target on Stifel Financial from $116.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $117.86.

Stifel Financial Stock Down 8.4 %

SF opened at $78.82 on Monday. The company has a fifty day moving average of $103.18 and a two-hundred day moving average of $105.36. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. Stifel Financial Corp. has a fifty-two week low of $73.51 and a fifty-two week high of $120.64. The stock has a market capitalization of $8.18 billion, a price-to-earnings ratio of 12.63 and a beta of 1.00.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share for the quarter, beating the consensus estimate 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, research analysts expect that Stifel Financial Corp. will post 8.26 earnings per share for the current year.

Stifel Financial Increases Dividend

The firm also recently announced 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. This is a positive change from Stifel Financial’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.33%. Stifel Financial’s dividend payout ratio (DPR) is 29.49%.

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.