Arrowstreet Capital Limited Partnership Acquires 83,211 Shares of Stifel Financial Corp. (NYSE:SF)

Arrowstreet Capital Limited Partnership grew its position in Stifel Financial Corp. (NYSE:SF - Free Report) by 48.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 255,482 shares of the financial services provider's stock after buying an additional 83,211 shares during the period. Arrowstreet Capital Limited Partnership owned 0.25% of Stifel Financial worth $27,102,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in SF. Bank of Montreal Can raised its stake in shares of Stifel Financial by 6.0% during the third quarter. Bank of Montreal Can now owns 54,863 shares of the financial services provider's stock worth $5,138,000 after buying an additional 3,112 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Stifel Financial by 28.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,968 shares of the financial services provider's stock valued at $936,000 after acquiring an additional 2,210 shares during the last quarter. Townsquare Capital LLC bought a new stake in shares of Stifel Financial during the 3rd quarter valued at $356,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Stifel Financial by 0.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 278,344 shares of the financial services provider's stock valued at $26,137,000 after purchasing an additional 790 shares during the period. Finally, Captrust Financial Advisors boosted its position in shares of Stifel Financial by 6.1% in the 3rd quarter. Captrust Financial Advisors now owns 31,343 shares of the financial services provider's stock worth $2,943,000 after purchasing an additional 1,810 shares during the last quarter. Institutional investors own 82.01% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. UBS Group upped 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. StockNews.com raised Stifel Financial from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Wells Fargo & Company lifted their price objective on shares of Stifel Financial from $128.00 to $135.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. The Goldman Sachs Group lowered their target price on shares of Stifel Financial from $121.00 to $105.00 and set a "neutral" rating for the company in a research note on Thursday. Finally, Citigroup cut their target price on shares of Stifel Financial from $125.00 to $105.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $117.86.

Stifel Financial Stock Down 1.0 %

SF stock traded down $0.76 during mid-day trading on Monday, hitting $78.38. 1,626,221 shares of the company were exchanged, compared to its average volume of 641,941. The firm has a market cap of $8.13 billion, a P/E ratio of 12.56 and a beta of 1.00. Stifel Financial Corp. has a 1-year low of $73.27 and a 1-year high of $120.64. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. The firm's 50 day simple moving average is $102.48 and its 200 day simple moving average is $105.26.

Stifel Financial (NYSE:SF - Get Free Report) last posted its quarterly earnings data 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 net margin of 14.00% and a return on equity of 16.59%. On average, sell-side analysts predict that Stifel Financial Corp. will post 8.26 EPS for the current fiscal year.

Stifel Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.46 per share. This is a boost from Stifel Financial's previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a dividend yield of 2.35%. The ex-dividend date was Monday, March 3rd. Stifel Financial's dividend payout ratio is currently 29.49%.

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.