Stifel Financial Corp. (NYSE:SF) Stake Lowered by Channing Capital Management LLC

Channing Capital Management LLC lowered its holdings in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 2.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,050,100 shares of the financial services provider's stock after selling 22,489 shares during the quarter. Stifel Financial makes up approximately 3.0% of Channing Capital Management LLC's holdings, making the stock its biggest position. Channing Capital Management LLC owned about 1.03% of Stifel Financial worth $111,395,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Stifel Financial by 7.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,115 shares of the financial services provider's stock valued at $1,922,000 after purchasing an additional 1,274 shares during the last quarter. AlphaQuest LLC increased its holdings in Stifel Financial by 64,142.9% in the 4th quarter. AlphaQuest LLC now owns 4,497 shares of the financial services provider's stock worth $477,000 after acquiring an additional 4,490 shares in the last quarter. Machina Capital S.A.S. purchased a new stake in Stifel Financial in the 4th quarter worth approximately $222,000. Haven Private LLC purchased a new stake in Stifel Financial in the 4th quarter worth approximately $743,000. Finally, Edgestream Partners L.P. purchased a new stake in Stifel Financial in the 4th quarter worth approximately $5,627,000. Hedge funds and other institutional investors own 82.01% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SF. JMP Securities increased their target price on shares of Stifel Financial from $125.00 to $135.00 and gave the stock a "market outperform" rating in a report on Thursday, January 30th. Citigroup upped their price target on Stifel Financial from $110.00 to $115.00 and gave the stock a "neutral" rating in a research note on Friday, January 10th. UBS Group upped their price target on Stifel Financial from $116.00 to $120.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. StockNews.com upgraded Stifel Financial from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Finally, JPMorgan Chase & Co. initiated 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. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $117.71.

Stifel Financial Price Performance

Shares of NYSE SF traded up $2.47 during midday trading on Tuesday, reaching $94.09. 1,169,625 shares of the stock traded hands, compared to its average volume of 591,378. 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 stock has a market capitalization of $9.76 billion, a PE ratio of 15.08 and a beta of 1.08. Stifel Financial Corp. has a one year low of $72.78 and a one year high of $120.64. The company's 50 day moving average is $108.71 and its 200 day moving average is $104.16.

Stifel Financial (NYSE:SF - Get Free Report) last posted its earnings results on Wednesday, January 29th. The financial services provider reported $2.23 EPS for the quarter, beating analysts' consensus estimates of $1.96 by $0.27. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. On average, equities research analysts anticipate that Stifel Financial Corp. will post 8.26 earnings per share for the current year.

Stifel Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.46 per share. This is an increase 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 1.96%. The ex-dividend date is Monday, March 3rd. Stifel Financial's dividend payout ratio is currently 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.