Diamond Hill Capital Management Inc. Trims Stake in Stifel Financial Corp. (NYSE:SF)

Diamond Hill Capital Management Inc. trimmed its holdings in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 32.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 230,138 shares of the financial services provider's stock after selling 112,404 shares during the period. Diamond Hill Capital Management Inc. owned 0.22% of Stifel Financial worth $24,413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. V Square Quantitative Management LLC acquired a new stake in shares of Stifel Financial during the fourth quarter worth about $26,000. Versant Capital Management Inc increased 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 worth $48,000 after purchasing an additional 145 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Stifel Financial by 26.6% during the fourth 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 in the last quarter. Mather Group LLC. increased its position in shares of Stifel Financial by 14.6% during the fourth quarter. Mather Group LLC. now owns 707 shares of the financial services provider's stock worth $75,000 after purchasing an additional 90 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Stifel Financial by 78.9% during 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 in the last quarter. 82.01% of the stock is owned by hedge funds and other institutional investors.

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Stifel Financial Stock Performance

SF traded down $0.69 during trading on Tuesday, reaching $96.18. The company's stock had a trading volume of 594,864 shares, compared to its average volume of 595,149. The company's fifty day moving average price is $107.50 and its 200-day moving average price is $104.44. The company has a market capitalization of $9.98 billion, a price-to-earnings ratio of 15.41 and a beta of 1.08. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. 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 announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.23 EPS for the quarter, topping 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%. On average, equities analysts forecast that Stifel Financial Corp. will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.46 per share. This is a positive change from Stifel Financial's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.84 annualized dividend and a dividend yield of 1.91%. Stifel Financial's payout ratio is 29.49%.

Analysts Set New Price Targets

SF has been the topic of several recent research reports. UBS Group boosted their price target on Stifel Financial from $116.00 to $120.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. StockNews.com upgraded Stifel Financial from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. JMP Securities boosted their price target on Stifel Financial from $125.00 to $135.00 and gave the company a "market outperform" rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. initiated coverage on Stifel Financial in a research report on Tuesday, December 10th. They issued a "neutral" rating and a $120.00 price target on the stock. Finally, Wells Fargo & Company boosted their price target on Stifel Financial from $128.00 to $135.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $117.71.

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.