AMG National Trust Bank Lowers Stock Holdings in Stifel Financial Corp. (NYSE:SF)

AMG National Trust Bank reduced its holdings in Stifel Financial Corp. (NYSE:SF - Free Report) by 35.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,065 shares of the financial services provider's stock after selling 7,307 shares during the period. AMG National Trust Bank's holdings in Stifel Financial were worth $1,387,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Haven Private LLC acquired a new position in Stifel Financial in the 4th quarter worth about $743,000. Edgestream Partners L.P. acquired a new position in shares of Stifel Financial during the 4th quarter worth approximately $5,627,000. Raymond James Financial Inc. acquired a new position in shares of Stifel Financial during the 4th quarter worth approximately $11,936,000. Arizona State Retirement System grew its position in shares of Stifel Financial by 0.8% in the fourth quarter. Arizona State Retirement System now owns 29,751 shares of the financial services provider's stock valued at $3,156,000 after purchasing an additional 249 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in Stifel Financial during the 4th quarter worth approximately $162,000. Institutional investors and hedge funds own 82.01% of the company's stock.

Stifel Financial Trading Up 1.0 %

Shares of SF stock traded up $0.94 during trading on Tuesday, hitting $92.56. 120,661 shares of the stock traded hands, compared to its average volume of 738,366. Stifel Financial Corp. has a 52-week low of $72.78 and a 52-week high of $120.64. The firm has a market capitalization of $9.60 billion, a P/E ratio of 14.83 and a beta of 1.08. The firm's fifty day moving average price is $109.00 and its 200-day moving average price is $104.12. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78.

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Stifel Financial (NYSE:SF - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.23 EPS 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%. As a group, research analysts forecast that Stifel Financial Corp. will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, March 3rd. This is a boost from Stifel Financial's previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.99%. Stifel Financial's dividend payout ratio (DPR) is currently 29.49%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SF. UBS Group raised their price objective on Stifel Financial from $116.00 to $120.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Citigroup raised their price target on shares of Stifel Financial from $110.00 to $115.00 and gave the stock a "neutral" rating in a research note on Friday, January 10th. StockNews.com raised shares of Stifel Financial from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. JMP Securities raised their target price 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. assumed coverage on Stifel Financial in a report on Tuesday, December 10th. They set a "neutral" rating and a $120.00 target price on the stock. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Stifel Financial currently has a consensus rating of "Hold" and an average target price of $117.71.

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.