Grant Private Wealth Management Inc acquired a new stake in Stifel Financial Corp. (NYSE:SF - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,650 shares of the financial services provider's stock, valued at approximately $281,000.
Several other large investors have also modified their holdings of SF. V Square Quantitative Management LLC purchased a new position in shares of Stifel Financial during the fourth quarter worth about $26,000. Versant Capital Management Inc lifted its position in Stifel Financial by 46.5% during the 4th quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider's stock worth $48,000 after acquiring an additional 145 shares during the period. Smartleaf Asset Management LLC grew its stake 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 valued at $56,000 after purchasing an additional 111 shares during the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of Stifel Financial by 84.3% in the fourth quarter. Brown Brothers Harriman & Co. now owns 553 shares of the financial services provider's stock valued at $59,000 after purchasing an additional 253 shares during the period. Finally, Mather Group LLC. raised its stake in shares of Stifel Financial by 14.6% during the fourth quarter. Mather Group LLC. now owns 707 shares of the financial services provider's stock worth $75,000 after purchasing an additional 90 shares during the last quarter. 82.01% of the stock is owned by institutional investors and hedge funds.
Stifel Financial Price Performance
Shares of NYSE:SF traded up $0.48 during trading on Tuesday, hitting $78.99. 401,016 shares of the stock were exchanged, compared to its average volume of 641,133. The company has a fifty day moving average price of $102.48 and a two-hundred day moving average price of $105.26. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27. The company has a market cap of $8.20 billion, a PE ratio of 12.69 and a beta of 1.00. 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 released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share (EPS) 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 forecast that Stifel Financial Corp. will post 8.26 EPS for the current year.
Stifel Financial Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.33%. The ex-dividend date was Monday, March 3rd. This is an increase from Stifel Financial's previous quarterly dividend of $0.42. Stifel Financial's dividend payout ratio is 29.49%.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on SF shares. The Goldman Sachs Group lowered their price objective on shares of Stifel Financial from $121.00 to $105.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. UBS Group lifted their target price 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. Wells Fargo & Company increased their price target 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. JPMorgan Chase & Co. initiated coverage on Stifel Financial in a report on Tuesday, December 10th. They issued a "neutral" rating and a $120.00 price objective on the stock. Finally, StockNews.com upgraded Stifel Financial from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $117.86.
View Our Latest Stock Report on SF
Stifel Financial Company Profile
(
Free Report)
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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