Algebris UK Ltd bought a new stake in shares of Stifel Financial Corp. (NYSE:SF - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 29,596 shares of the financial services provider's stock, valued at approximately $3,032,000. Stifel Financial accounts for about 0.8% of Algebris UK Ltd's portfolio, making the stock its 26th largest position.
Other institutional investors have also recently modified their holdings of the company. FMR LLC boosted its holdings in Stifel Financial by 18.8% in the 3rd quarter. FMR LLC now owns 7,956,412 shares of the financial services provider's stock worth $747,107,000 after buying an additional 1,256,595 shares during the last quarter. State Street Corp boosted its holdings in shares of Stifel Financial by 1.0% during the 3rd quarter. State Street Corp now owns 3,122,342 shares of the financial services provider's stock worth $293,188,000 after purchasing an additional 31,101 shares during the last quarter. Stifel Financial Corp boosted its holdings in shares of Stifel Financial by 1.5% during the 3rd quarter. Stifel Financial Corp now owns 2,279,267 shares of the financial services provider's stock worth $214,023,000 after purchasing an additional 33,953 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Stifel Financial by 78.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,958,709 shares of the financial services provider's stock worth $183,923,000 after purchasing an additional 860,465 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Stifel Financial by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,696,605 shares of the financial services provider's stock worth $159,355,000 after purchasing an additional 20,110 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.
Stifel Financial Stock Up 0.1 %
Shares of SF stock traded up $0.06 on Friday, reaching $98.28. 1,117,392 shares of the stock were exchanged, compared to its average volume of 598,257. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27. The business's 50 day moving average price is $106.74 and its 200 day moving average price is $104.75. The company has a market capitalization of $10.20 billion, a price-to-earnings ratio of 15.75 and a beta of 1.08. Stifel Financial Corp. has a twelve month low of $73.51 and a twelve month high of $120.64.
Stifel Financial (NYSE:SF - Get Free Report) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $2.23 EPS for the quarter, topping analysts' consensus estimates of $1.96 by $0.27. Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. As a group, sell-side analysts expect that Stifel Financial Corp. will post 8.26 earnings per share for the current fiscal year.
Stifel Financial Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.87%. The ex-dividend date was Monday, March 3rd. This is an increase from Stifel Financial's previous quarterly dividend of $0.42. Stifel Financial's dividend payout ratio is currently 29.49%.
Analyst Ratings Changes
Several brokerages have recently weighed in on SF. UBS Group boosted their target price on Stifel Financial from $116.00 to $120.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. StockNews.com raised Stifel Financial from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. Wells Fargo & Company boosted their target price on Stifel Financial from $128.00 to $135.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. JMP Securities boosted their price target on shares of Stifel Financial from $125.00 to $135.00 and gave the stock a "market outperform" rating in a research note on Thursday, January 30th. Finally, JPMorgan Chase & Co. started coverage on shares of Stifel Financial in a research note on Tuesday, December 10th. They issued a "neutral" rating and a $120.00 price target for the company. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $117.71.
Check Out Our Latest Report on SF
About Stifel Financial
(
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.
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