Fuller & Thaler Asset Management Inc. Has $138.10 Million Position in Stifel Financial Corp. (NYSE:SF)

Fuller & Thaler Asset Management Inc. trimmed its stake in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 26.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,301,801 shares of the financial services provider's stock after selling 463,857 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 1.27% of Stifel Financial worth $138,095,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of Stifel Financial by 8.5% during the fourth quarter. FMR LLC now owns 8,628,832 shares of the financial services provider's stock worth $915,346,000 after buying an additional 672,420 shares in the last quarter. Wellington Management Group LLP grew its position in Stifel Financial by 32.2% during the 4th quarter. Wellington Management Group LLP now owns 2,588,964 shares of the financial services provider's stock worth $274,637,000 after acquiring an additional 630,255 shares during the last quarter. Fisher Asset Management LLC increased its holdings in Stifel Financial by 5.2% in the 4th quarter. Fisher Asset Management LLC now owns 1,540,584 shares of the financial services provider's stock worth $163,425,000 after purchasing an additional 76,163 shares in the last quarter. Norges Bank bought a new position in Stifel Financial in the fourth quarter valued at about $137,448,000. Finally, Invesco Ltd. raised its position in Stifel Financial by 18.2% in the fourth quarter. Invesco Ltd. now owns 1,207,465 shares of the financial services provider's stock valued at $128,088,000 after purchasing an additional 186,352 shares during the last quarter. Institutional investors own 82.01% of the company's stock.

Analyst Ratings Changes

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

Stifel Financial Price Performance

SF stock opened at $85.82 on Wednesday. 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 $8.90 billion, a price-to-earnings ratio of 13.75 and a beta of 1.00. The company's fifty day simple moving average is $94.76 and its 200 day simple moving average is $104.15. Stifel Financial Corp. has a 12-month low of $73.27 and a 12-month high of $120.64.

Stifel Financial (NYSE:SF - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share for the quarter, topping the consensus estimate 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 firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.46 dividend. This is an increase from Stifel Financial's previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date was Monday, March 3rd. Stifel Financial's payout ratio is presently 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.

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