Allspring Global Investments Holdings LLC Sells 65,423 Shares of Stifel Financial Corp. (NYSE:SF)

Allspring Global Investments Holdings LLC lowered its stake in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 46.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,995 shares of the financial services provider's stock after selling 65,423 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.07% of Stifel Financial worth $8,065,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC increased 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 valued at $747,107,000 after buying an additional 1,256,595 shares during the period. Wellington Management Group LLP increased its holdings in Stifel Financial by 78.3% in the 3rd quarter. Wellington Management Group LLP now owns 1,958,709 shares of the financial services provider's stock valued at $183,923,000 after buying an additional 860,465 shares during the period. Icon Wealth Advisors LLC bought a new stake in Stifel Financial in the 3rd quarter valued at $12,290,000. Fisher Asset Management LLC increased its holdings in Stifel Financial by 4.7% in the 3rd quarter. Fisher Asset Management LLC now owns 1,464,421 shares of the financial services provider's stock valued at $137,509,000 after buying an additional 65,113 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in Stifel Financial by 316.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 69,761 shares of the financial services provider's stock valued at $7,400,000 after buying an additional 52,991 shares during the period. Institutional investors own 82.01% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Citigroup boosted their price target 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. JMP Securities boosted their price target on shares of Stifel Financial from $125.00 to $135.00 and gave the company a "market outperform" rating in a report on Thursday, January 30th. Wells Fargo & Company boosted their price target 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. TD Cowen boosted their target price on shares of Stifel Financial from $100.00 to $105.00 and gave the company a "hold" rating in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Stifel Financial in a research note on Tuesday, December 10th. They issued a "neutral" rating and a $120.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, Stifel Financial currently has a consensus rating of "Hold" and a consensus target price of $117.71.

Stifel Financial Price Performance

Shares of NYSE:SF traded down $3.27 on Friday, hitting $103.93. The stock had a trading volume of 822,365 shares, compared to its average volume of 728,567. The firm's 50 day moving average price is $109.89 and its 200-day moving average price is $102.29. The company has a market capitalization of $10.64 billion, a price-to-earnings ratio of 16.65 and a beta of 1.11. 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 twelve month low of $72.78 and a twelve month high of $120.64.

Stifel Financial (NYSE:SF - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share (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 earnings per share for the current year.

Stifel Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.46 per share. This is an increase from Stifel Financial's previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.84 annualized dividend and a yield of 1.77%. Stifel Financial's dividend payout ratio is 26.92%.

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.