Edgestream Partners L.P. Buys New Holdings in Stifel Financial Corp. (NYSE:SF)

Edgestream Partners L.P. bought a new position in Stifel Financial Corp. (NYSE:SF - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 53,043 shares of the financial services provider's stock, valued at approximately $5,627,000. Edgestream Partners L.P. owned about 0.05% of Stifel Financial at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its holdings in Stifel Financial by 148.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,201 shares of the financial services provider's stock valued at $113,000 after acquiring an additional 717 shares during the period. Van ECK Associates Corp lifted its position in shares of Stifel Financial by 40.0% during the third 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. boosted its stake in shares of Stifel Financial by 9.2% during the third quarter. QRG Capital Management Inc. now owns 17,032 shares of the financial services provider's stock valued at $1,599,000 after purchasing an additional 1,435 shares during the period. Radnor Capital Management LLC purchased a new stake in shares of Stifel Financial during the third quarter valued at $447,000. Finally, AEGON ASSET MANAGEMENT UK Plc grew its holdings in shares of Stifel Financial by 0.6% in 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 purchasing an additional 1,546 shares during the last quarter. 82.01% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of equities research analysts recently weighed in on SF shares. Citigroup lifted their price objective on shares of Stifel Financial from $110.00 to $115.00 and gave the company a "neutral" rating in a report on Friday, January 10th. StockNews.com raised shares of Stifel Financial from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Wells Fargo & Company raised their target price on shares of Stifel Financial from $128.00 to $135.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. UBS Group upped their price target on shares of Stifel Financial from $116.00 to $120.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Finally, JMP Securities lifted their price objective 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. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $117.71.

Stifel Financial Stock Up 1.5 %

NYSE:SF traded up $1.42 during mid-day trading on Wednesday, hitting $95.32. 765,132 shares of the company's stock traded hands, compared to its average volume of 593,562. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. The company has a market capitalization of $9.89 billion, a P/E ratio of 15.28 and a beta of 1.08. The company has a fifty day moving average of $108.47 and a 200 day moving average of $104.21. Stifel Financial Corp. has a twelve month low of $72.78 and a twelve month high of $120.64.

Stifel Financial (NYSE:SF - Get Free Report) last announced its quarterly earnings data 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 net margin of 14.00% and a return on equity of 16.59%. On average, analysts forecast that Stifel Financial Corp. will post 8.26 EPS for the current year.

Stifel Financial Increases Dividend

The business 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. The ex-dividend date is Monday, March 3rd. This is a positive change 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 1.93%. Stifel Financial's payout ratio is 29.49%.

About Stifel Financial

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.