Stifel Financial Corp. (NYSE:SF) Position Raised by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. lifted its position in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 89.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,479 shares of the financial services provider's stock after purchasing an additional 17,266 shares during the period. EFG Asset Management North America Corp.'s holdings in Stifel Financial were worth $3,869,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SF. FMR LLC grew its stake in Stifel Financial by 18.8% during the 3rd quarter. FMR LLC now owns 7,956,412 shares of the financial services provider's stock valued at $747,107,000 after purchasing an additional 1,256,595 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Stifel Financial by 78.3% during the third quarter. Wellington Management Group LLP now owns 1,958,709 shares of the financial services provider's stock worth $183,923,000 after buying an additional 860,465 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Stifel Financial in the fourth quarter worth $162,000. Raymond James Financial Inc. acquired a new stake in Stifel Financial in the fourth quarter valued at $11,936,000. Finally, Fisher Asset Management LLC boosted its stake in Stifel Financial by 5.2% during the 4th quarter. Fisher Asset Management LLC now owns 1,540,584 shares of the financial services provider's stock valued at $163,425,000 after acquiring an additional 76,163 shares during the last quarter. 82.01% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. 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. Wells Fargo & Company increased their target price on shares of Stifel Financial from $128.00 to $135.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. UBS Group lifted their price target on shares of Stifel Financial from $116.00 to $120.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. JMP Securities increased their price objective on shares of Stifel Financial from $125.00 to $135.00 and gave the stock a "market outperform" rating in a research note on Thursday, January 30th. Finally, StockNews.com upgraded Stifel Financial from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Six research 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, the stock has a consensus rating of "Hold" and a consensus price target of $117.71.

Stifel Financial Stock Performance

NYSE SF traded down $3.57 on Friday, hitting $93.50. The stock had a trading volume of 352,954 shares, compared to its average volume of 622,359. The company's 50-day moving average is $106.06 and its two-hundred day moving average is $104.90. Stifel Financial Corp. has a one year low of $73.51 and a one year high of $120.64. The stock has a market cap of $9.70 billion, a price-to-earnings ratio of 14.97 and a beta of 1.08. 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 (NYSE:SF - Get Free Report) last issued its quarterly earnings data 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, analysts expect that Stifel Financial Corp. will post 8.26 earnings per share for the current year.

Stifel Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid 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 1.97%. The ex-dividend date of this dividend was Monday, March 3rd. Stifel Financial's payout ratio 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.