Bank of New York Mellon Corp Trims Position in Stifel Financial Corp. (NYSE:SF)

Bank of New York Mellon Corp reduced its position in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 7.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,005,778 shares of the financial services provider's stock after selling 86,187 shares during the period. Bank of New York Mellon Corp owned 0.98% of Stifel Financial worth $106,693,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. V Square Quantitative Management LLC purchased a new position in shares of Stifel Financial during the fourth quarter valued at approximately $26,000. Versant Capital Management Inc boosted its position in shares of Stifel Financial by 46.5% during the fourth quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider's stock valued at $48,000 after buying an additional 145 shares during the last quarter. Mather Group LLC. lifted its stake in Stifel Financial by 14.6% during the 4th quarter. Mather Group LLC. now owns 707 shares of the financial services provider's stock valued at $75,000 after acquiring an additional 90 shares during the period. GAMMA Investing LLC boosted its holdings in Stifel Financial by 78.9% in the fourth quarter. GAMMA Investing LLC now owns 900 shares of the financial services provider's stock worth $95,000 after purchasing an additional 397 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Stifel Financial by 148.1% in the third quarter. Farther Finance Advisors LLC now owns 1,201 shares of the financial services provider's stock worth $113,000 after acquiring an additional 717 shares during the period. 82.01% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Citigroup boosted their price objective on shares of Stifel Financial from $110.00 to $115.00 and gave the company a "neutral" rating in a research report on Friday, January 10th. StockNews.com raised shares of Stifel Financial from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. JMP Securities upped their price objective on Stifel Financial from $125.00 to $135.00 and gave the stock a "market outperform" rating in a report on Thursday, January 30th. Wells Fargo & Company boosted their price objective on Stifel Financial from $128.00 to $135.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. Finally, JPMorgan Chase & Co. started coverage on shares of Stifel Financial in a report on Tuesday, December 10th. They issued a "neutral" rating and a $120.00 target price for the company. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Stifel Financial has a consensus rating of "Hold" and an average target price of $117.71.

Stifel Financial Trading Up 1.7 %

Shares of NYSE:SF traded up $1.70 during trading on Wednesday, reaching $101.04. 922,698 shares of the company were exchanged, compared to its average volume of 581,300. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78. The business's fifty day simple moving average is $109.52 and its 200-day simple moving average is $103.84. The firm has a market capitalization of $10.34 billion, a PE ratio of 16.19 and a beta of 1.11. Stifel Financial Corp. has a 12-month low of $72.78 and a 12-month high of $120.64.

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

Stifel Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend is Monday, March 3rd. This is a positive change from Stifel Financial's previous quarterly dividend of $0.42. Stifel Financial's payout ratio is 29.49%.

Stifel Financial 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.