Franklin Resources Inc. Increases Holdings in Stifel Financial Corp. (NYSE:SF)

Franklin Resources Inc. increased its holdings in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 24.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,846 shares of the financial services provider's stock after acquiring an additional 10,733 shares during the quarter. Franklin Resources Inc. owned about 0.05% of Stifel Financial worth $5,818,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Axiom Investors LLC DE grew its stake in shares of Stifel Financial by 4.8% in the fourth quarter. Axiom Investors LLC DE now owns 217,567 shares of the financial services provider's stock valued at $23,080,000 after acquiring an additional 10,039 shares in the last quarter. Wellington Management Group LLP increased its position in Stifel Financial by 32.2% in the 4th quarter. Wellington Management Group LLP now owns 2,588,964 shares of the financial services provider's stock valued at $274,637,000 after acquiring an additional 630,255 shares during the period. California Public Employees Retirement System lifted its stake in shares of Stifel Financial by 1.3% in the fourth quarter. California Public Employees Retirement System now owns 190,228 shares of the financial services provider's stock worth $20,179,000 after acquiring an additional 2,480 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Stifel Financial by 48.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 255,482 shares of the financial services provider's stock worth $27,102,000 after buying an additional 83,211 shares during the period. Finally, Intrust Bank NA raised its position in shares of Stifel Financial by 23.4% in the 4th quarter. Intrust Bank NA now owns 3,275 shares of the financial services provider's stock worth $347,000 after acquiring an additional 622 shares in the last quarter. Institutional investors own 82.01% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. TD Cowen dropped 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 report on Wednesday, April 9th. The Goldman Sachs Group dropped their target price on Stifel Financial from $121.00 to $105.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Wells Fargo & Company cut their price target on shares of Stifel Financial from $135.00 to $106.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. UBS Group lifted their target price 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 reduced their target price on Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. Six equities 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 presently has an average rating of "Hold" and a consensus target price of $105.71.

Stifel Financial Stock Performance

NYSE SF traded up $1.76 on Tuesday, hitting $86.09. 193,300 shares of the stock traded hands, compared to its average volume of 658,299. The business's fifty day moving average is $97.84 and its two-hundred day moving average is $104.63. Stifel Financial Corp. has a 12 month low of $73.27 and a 12 month high of $120.64. The firm has a market capitalization of $8.93 billion, a price-to-earnings ratio of 13.78 and a beta of 1.00. 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 (NYSE:SF - Get Free Report) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts anticipate that Stifel Financial Corp. will post 8.26 EPS for the current fiscal year.

Stifel Financial Increases Dividend

The firm 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 positive change from Stifel Financial's previous quarterly dividend of $0.42. The ex-dividend date was Monday, March 3rd. This represents a $1.84 annualized dividend and a yield of 2.14%. Stifel Financial's dividend payout ratio (DPR) 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.