Bryce Point Capital LLC acquired a new stake in shares of Stifel Financial Corp. (NYSE:SF - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 4,768 shares of the financial services provider's stock, valued at approximately $506,000.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Huntington National Bank raised its position in shares of Stifel Financial by 27.6% in the 4th quarter. Huntington National Bank now owns 805 shares of the financial services provider's stock valued at $85,000 after purchasing an additional 174 shares in the last quarter. Trexquant Investment LP bought a new position in Stifel Financial during the 4th quarter valued at $1,048,000. Diametric Capital LP acquired a new position in Stifel Financial during the 4th quarter worth $247,000. Franklin Resources Inc. increased its position in shares of Stifel Financial by 24.3% in the 4th quarter. Franklin Resources Inc. now owns 54,846 shares of the financial services provider's stock worth $5,818,000 after purchasing an additional 10,733 shares during the last quarter. Finally, Axiom Investors LLC DE increased its position in shares of Stifel Financial by 4.8% in the 4th quarter. Axiom Investors LLC DE now owns 217,567 shares of the financial services provider's stock worth $23,080,000 after purchasing an additional 10,039 shares during the last quarter. 82.01% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms recently commented on SF. TD Cowen decreased their price target on Stifel Financial from $124.00 to $84.00 and set a "hold" rating for the company in a research note on Wednesday. UBS Group boosted their price target on Stifel Financial from $116.00 to $120.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Citigroup dropped their price target on Stifel Financial from $125.00 to $105.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. StockNews.com raised shares of Stifel Financial from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. Finally, 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 report on Tuesday. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $108.57.
Read Our Latest Analysis on SF
Stifel Financial Stock Performance
Shares of SF stock traded up $10.02 during trading hours on Wednesday, reaching $86.51. The stock had a trading volume of 1,314,400 shares, compared to its average volume of 650,101. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78. The firm has a 50-day simple moving average of $99.67 and a 200-day simple moving average of $104.77. The firm has a market capitalization of $8.98 billion, a PE ratio of 13.86 and a beta of 1.00. Stifel Financial Corp. has a twelve month low of $73.27 and a twelve month high of $120.64.
Stifel Financial (NYSE:SF - Get Free Report) last released its quarterly 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%. As a group, equities analysts forecast that Stifel Financial Corp. will post 8.26 earnings per share 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 $0.46 dividend. This is a boost 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 annualized dividend and a dividend yield of 2.13%. Stifel Financial's dividend payout ratio is presently 29.49%.
Stifel Financial Company Profile
(
Free Report)
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.
See Also
Before you consider Stifel Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Stifel Financial wasn't on the list.
While Stifel Financial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
