AGF Management Ltd. Increases Stock Holdings in Stifel Financial Corp. (NYSE:SF)

AGF Management Ltd. lifted its position in Stifel Financial Corp. (NYSE:SF - Free Report) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 163,781 shares of the financial services provider's stock after purchasing an additional 3,585 shares during the quarter. AGF Management Ltd. owned about 0.16% of Stifel Financial worth $17,374,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. FMR LLC boosted its stake in shares of Stifel Financial by 18.8% in the third quarter. FMR LLC now owns 7,956,412 shares of the financial services provider's stock valued at $747,107,000 after purchasing an additional 1,256,595 shares during the period. State Street Corp raised its holdings in Stifel Financial by 1.0% in the third quarter. State Street Corp now owns 3,122,342 shares of the financial services provider's stock valued at $293,188,000 after acquiring an additional 31,101 shares in the last quarter. Stifel Financial Corp raised its holdings in Stifel Financial by 1.5% in the third quarter. Stifel Financial Corp now owns 2,279,267 shares of the financial services provider's stock valued at $214,023,000 after acquiring an additional 33,953 shares in the last quarter. Wellington Management Group LLP raised its holdings in Stifel Financial by 78.3% in the third quarter. Wellington Management Group LLP now owns 1,958,709 shares of the financial services provider's stock valued at $183,923,000 after acquiring an additional 860,465 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Stifel Financial by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,696,605 shares of the financial services provider's stock valued at $159,355,000 after acquiring an additional 20,110 shares in the last quarter. Hedge funds and other institutional investors own 82.01% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SF. Citigroup raised their target price on shares of Stifel Financial from $110.00 to $115.00 and gave the company a "neutral" rating in a report on Friday, January 10th. StockNews.com raised shares of Stifel Financial from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. JPMorgan Chase & Co. initiated coverage on shares of Stifel Financial in a report on Tuesday, December 10th. They issued a "neutral" rating and a $120.00 target price on the stock. Wells Fargo & Company lifted their target price on shares of Stifel Financial from $128.00 to $135.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Finally, JMP Securities lifted their price objective on shares of Stifel Financial from $125.00 to $135.00 and gave the company a "market outperform" rating in a research report on Thursday, January 30th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $117.71.

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Stifel Financial Price Performance

Stifel Financial stock opened at $94.09 on Wednesday. Stifel Financial Corp. has a 52 week low of $72.78 and a 52 week high of $120.64. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. The firm's 50-day simple moving average is $108.71 and its 200 day simple moving average is $104.16. The firm has a market capitalization of $9.76 billion, a PE ratio of 15.08 and a beta of 1.08.

Stifel Financial (NYSE:SF - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.23 EPS 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, equities research analysts predict that Stifel Financial Corp. will post 8.26 EPS for the current fiscal year.

Stifel Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.46 dividend. This is an increase from Stifel Financial's previous quarterly dividend of $0.42. The ex-dividend date is Monday, March 3rd. This represents a $1.84 annualized dividend and a yield of 1.96%. Stifel Financial's payout ratio is presently 29.49%.

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.

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