Federated Hermes Inc. Sells 8,163 Shares of Stifel Financial Corp. (NYSE:SF)

Federated Hermes Inc. cut its holdings in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 19.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,390 shares of the financial services provider's stock after selling 8,163 shares during the quarter. Federated Hermes Inc.'s holdings in Stifel Financial were worth $3,542,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SF. Quadrant Capital Group LLC increased its position in shares of Stifel Financial by 7.2% during the fourth quarter. Quadrant Capital Group LLC now owns 2,060 shares of the financial services provider's stock valued at $219,000 after buying an additional 138 shares during the period. Russell Investments Group Ltd. lifted its stake in Stifel Financial by 4.0% in the 4th quarter. Russell Investments Group Ltd. now owns 14,722 shares of the financial services provider's stock worth $1,562,000 after purchasing an additional 567 shares in the last quarter. Grant Private Wealth Management Inc bought a new position in Stifel Financial in the 4th quarter valued at $281,000. Cinctive Capital Management LP grew its position in shares of Stifel Financial by 452.7% during the 4th quarter. Cinctive Capital Management LP now owns 69,949 shares of the financial services provider's stock valued at $7,420,000 after purchasing an additional 57,293 shares in the last quarter. Finally, Bryce Point Capital LLC bought a new position in shares of Stifel Financial in the fourth quarter worth $506,000. Institutional investors own 82.01% of the company's stock.

Analyst Ratings Changes

SF has been the subject of several recent analyst reports. Wells Fargo & Company reduced their target price on Stifel Financial from $135.00 to $106.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. UBS Group boosted their price objective on Stifel Financial from $116.00 to $120.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. TD Cowen lowered their target price on shares of Stifel Financial from $124.00 to $84.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Citigroup decreased their price target on shares of Stifel Financial from $125.00 to $105.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Finally, JPMorgan Chase & Co. decreased their price objective on Stifel Financial from $123.00 to $100.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Stifel Financial presently has an average rating of "Hold" and a consensus price target of $105.71.

Stifel Financial Trading Up 1.8 %

Shares of Stifel Financial stock traded up $1.48 during trading on Friday, reaching $85.13. 1,029,933 shares of the stock were exchanged, compared to its average volume of 666,147. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. The firm has a market cap of $8.83 billion, a price-to-earnings ratio of 13.64 and a beta of 1.00. The stock's fifty day moving average is $96.18 and its 200 day moving average is $104.29. Stifel Financial Corp. has a 1 year low of $73.27 and a 1 year 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 earnings per share (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%. As a group, equities research analysts expect 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. Investors of record on Monday, March 3rd were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.16%. This is a boost from Stifel Financial's previous quarterly dividend of $0.42. The ex-dividend date was Monday, March 3rd. Stifel Financial's dividend payout ratio is presently 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.