First Trust Advisors LP Purchases 51,103 Shares of Stifel Financial Corp. (NYSE:SF)

First Trust Advisors LP boosted its position in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 65.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 129,459 shares of the financial services provider's stock after purchasing an additional 51,103 shares during the quarter. First Trust Advisors LP owned about 0.13% of Stifel Financial worth $13,733,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in shares of Stifel Financial during the fourth quarter worth approximately $26,000. Bessemer Group Inc. raised its position in shares of Stifel Financial by 52.1% during the 4th quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 110 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of Stifel Financial by 46.5% in the 4th quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider's stock valued at $48,000 after purchasing an additional 145 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Stifel Financial by 26.6% in the 4th 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 during the last quarter. Finally, Brown Brothers Harriman & Co. grew its stake in shares of Stifel Financial by 84.3% during the fourth quarter. Brown Brothers Harriman & Co. now owns 553 shares of the financial services provider's stock worth $59,000 after purchasing an additional 253 shares during the period. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SF has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reduced their target price on Stifel Financial from $123.00 to $100.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Wolfe Research raised shares of Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 price objective on the stock in a research note on Thursday. Wells Fargo & Company decreased their price target on shares of Stifel Financial from $106.00 to $102.00 and set an "overweight" rating for the company in a report on Thursday. TD Cowen reduced their target price on Stifel Financial from $124.00 to $84.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Finally, Citigroup dropped their price target on Stifel Financial from $125.00 to $105.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $105.50.

Stifel Financial Stock Down 0.0 %

Stifel Financial stock opened at $85.73 on Monday. The company has a fifty day simple moving average of $93.19 and a 200 day simple moving average of $103.98. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27. Stifel Financial Corp. has a 1-year low of $73.27 and a 1-year high of $120.64. The company has a market cap of $8.89 billion, a P/E ratio of 13.74 and a beta of 1.00.

Stifel Financial (NYSE:SF - Get Free Report) last released its earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($1.12). The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.32 billion. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. During the same quarter in the previous year, the company posted $1.49 EPS. Research analysts anticipate 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. Shareholders of record on Monday, March 3rd were paid a $0.46 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.84 dividend on an annualized basis and a yield of 2.15%. This is a boost from Stifel Financial's previous quarterly dividend of $0.42. Stifel Financial's dividend payout ratio (DPR) is currently 35.18%.

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.

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