Dana Investment Advisors Inc. Cuts Stock Holdings in Stifel Financial Corp. (NYSE:SF)

Dana Investment Advisors Inc. lowered its holdings in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 12.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 51,442 shares of the financial services provider's stock after selling 7,398 shares during the period. Dana Investment Advisors Inc. owned about 0.05% of Stifel Financial worth $5,457,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Farther Finance Advisors LLC lifted its stake 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. Van ECK Associates Corp raised its holdings in Stifel Financial by 40.0% during the 3rd quarter. Van ECK Associates Corp now owns 53,771 shares of the financial services provider's stock worth $5,443,000 after purchasing an additional 15,365 shares during the last quarter. QRG Capital Management Inc. lifted its position in shares of Stifel Financial by 9.2% in the 3rd quarter. QRG Capital Management Inc. now owns 17,032 shares of the financial services provider's stock worth $1,599,000 after purchasing an additional 1,435 shares during the period. Radnor Capital Management LLC bought a new stake in shares of Stifel Financial in the 3rd quarter valued at $447,000. Finally, AEGON ASSET MANAGEMENT UK Plc increased its position in shares of Stifel Financial by 0.6% during the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 271,680 shares of the financial services provider's stock worth $25,511,000 after buying an additional 1,546 shares during the period. Institutional investors and hedge funds own 82.01% of the company's stock.

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Analyst Ratings Changes

SF has been the topic of several recent analyst reports. JMP Securities boosted their target price on shares of Stifel Financial from $125.00 to $135.00 and gave the company a "market outperform" rating in a report on Thursday, January 30th. JPMorgan Chase & Co. started coverage on Stifel Financial in a research note on Tuesday, December 10th. They issued a "neutral" rating and a $120.00 price objective on the stock. UBS Group raised their target price on Stifel Financial from $116.00 to $120.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Wells Fargo & Company lifted their target price on Stifel Financial from $128.00 to $135.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Finally, Citigroup increased their price target on Stifel Financial from $110.00 to $115.00 and gave the stock a "neutral" rating in a report on Friday, January 10th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Stifel Financial presently has an average rating of "Hold" and a consensus target price of $117.71.

Stifel Financial Stock Down 4.9 %

NYSE:SF traded down $4.74 on Monday, hitting $91.71. The stock had a trading volume of 1,100,760 shares, compared to its average volume of 588,443. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. Stifel Financial Corp. has a 52 week low of $72.78 and a 52 week high of $120.64. The business's fifty day moving average is $109.00 and its 200 day moving average is $104.12. The company has a market cap of $9.52 billion, a PE ratio of 14.70 and a beta of 1.08.

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

Stifel Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued 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 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Monday, March 3rd. Stifel Financial's dividend payout ratio (DPR) 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.