Brandywine Global Investment Management LLC reduced its position in Stifel Financial Corp. (NYSE:SF - Free Report) by 6.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 54,259 shares of the financial services provider's stock after selling 3,983 shares during the period. Brandywine Global Investment Management LLC owned 0.05% of Stifel Financial worth $5,756,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Mather Group LLC. grew its holdings in Stifel Financial by 14.6% during the 4th quarter. Mather Group LLC. now owns 707 shares of the financial services provider's stock worth $75,000 after acquiring an additional 90 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Stifel Financial by 26.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 528 shares of the financial services provider's stock worth $56,000 after purchasing an additional 111 shares during the last quarter. Versant Capital Management Inc grew its stake 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 worth $48,000 after purchasing an additional 145 shares during the period. Principal Securities Inc. increased its holdings in Stifel Financial by 10.1% in the fourth quarter. Principal Securities Inc. now owns 1,642 shares of the financial services provider's stock valued at $174,000 after purchasing an additional 150 shares during the last quarter. Finally, Rehmann Capital Advisory Group lifted its stake in Stifel Financial by 4.9% in the third quarter. Rehmann Capital Advisory Group now owns 3,234 shares of the financial services provider's stock valued at $306,000 after buying an additional 151 shares during the period. Institutional investors and hedge funds own 82.01% of the company's stock.
Stifel Financial Stock Down 10.9 %
Shares of Stifel Financial stock traded down $10.50 during trading on Thursday, reaching $86.01. The stock had a trading volume of 1,406,680 shares, compared to its average volume of 631,459. 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 company has a market capitalization of $8.92 billion, a price-to-earnings ratio of 13.78 and a beta of 1.08. The stock has a fifty day moving average price of $103.88 and a two-hundred day moving average price of $105.21. Stifel Financial Corp. has a 52 week low of $73.51 and a 52 week high of $120.64.
Stifel Financial (NYSE:SF - Get Free Report) last released its 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%. Sell-side analysts predict that Stifel Financial Corp. will post 8.26 EPS for the current fiscal year.
Stifel Financial Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.46 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.84 dividend on an annualized basis and a yield of 2.14%. This is an increase from Stifel Financial's previous quarterly dividend of $0.42. Stifel Financial's dividend payout ratio (DPR) is 29.49%.
Analyst Upgrades and Downgrades
SF has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. began coverage on Stifel Financial in a research note on Tuesday, December 10th. They issued a "neutral" rating and a $120.00 price target for the company. Wells Fargo & Company upped their target price on shares of Stifel Financial from $128.00 to $135.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. The Goldman Sachs Group reduced their price target on shares of Stifel Financial from $121.00 to $105.00 and set a "neutral" rating on the stock in a research report on Thursday. StockNews.com upgraded shares of Stifel Financial from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. Finally, JMP Securities lifted their target price on Stifel Financial from $125.00 to $135.00 and gave the stock a "market outperform" rating in a report on Thursday, January 30th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Stifel Financial has an average rating of "Hold" and a consensus target price of $117.86.
Read Our Latest Stock Report on SF
Stifel Financial Company Profile
(
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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