CANADA LIFE ASSURANCE Co Sells 6,213 Shares of Stifel Financial Corp. (NYSE:SF)

CANADA LIFE ASSURANCE Co decreased its position in Stifel Financial Corp. (NYSE:SF - Free Report) by 6.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 97,729 shares of the financial services provider's stock after selling 6,213 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.10% of Stifel Financial worth $10,361,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of SF. Norges Bank bought a new position in Stifel Financial during the fourth quarter worth $137,448,000. FMR LLC grew its position in Stifel Financial by 8.5% in the 4th quarter. FMR LLC now owns 8,628,832 shares of the financial services provider's stock worth $915,346,000 after purchasing an additional 672,420 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Stifel Financial by 32.2% during the 4th quarter. Wellington Management Group LLP now owns 2,588,964 shares of the financial services provider's stock worth $274,637,000 after purchasing an additional 630,255 shares during the period. Walleye Capital LLC raised its position in shares of Stifel Financial by 477.9% during the fourth quarter. Walleye Capital LLC now owns 238,945 shares of the financial services provider's stock valued at $25,347,000 after buying an additional 197,598 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Stifel Financial by 18.2% in the fourth quarter. Invesco Ltd. now owns 1,207,465 shares of the financial services provider's stock valued at $128,088,000 after buying an additional 186,352 shares during the period. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Stifel Financial Trading Down 0.0 %

SF stock traded down $0.01 during midday trading on Friday, reaching $85.73. The stock had a trading volume of 916,923 shares, compared to its average volume of 679,664. The firm has a market cap of $8.89 billion, a price-to-earnings ratio of 13.74 and a beta of 1.00. Stifel Financial Corp. has a twelve month low of $73.27 and a twelve month high of $120.64. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. The business has a fifty day simple moving average of $93.71 and a two-hundred day simple moving average of $103.93.

Stifel Financial (NYSE:SF - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $1.61 by ($1.12). The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.32 billion. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. During the same period last year, the firm earned $1.49 earnings per share. As a group, research analysts expect that Stifel Financial Corp. will post 8.26 EPS for the current fiscal year.

Stifel Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Monday, March 3rd. This is a boost from Stifel Financial's previous quarterly dividend of $0.42. Stifel Financial's dividend payout ratio is 29.49%.

Wall Street Analysts Forecast Growth

SF has been the subject of a number of recent research reports. Citigroup cut their target price on Stifel Financial from $125.00 to $105.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. StockNews.com raised shares of Stifel Financial from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. Wolfe Research raised shares of Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 target price on the stock in a research note on Thursday. UBS Group raised their price target on shares of Stifel Financial from $116.00 to $120.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Finally, JMP Securities lowered their price objective on Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $105.50.

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.