GW&K Investment Management LLC cut its holdings in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 13.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,085,168 shares of the financial services provider's stock after selling 162,297 shares during the period. Stifel Financial accounts for approximately 1.0% of GW&K Investment Management LLC's holdings, making the stock its 10th biggest holding. GW&K Investment Management LLC owned about 1.06% of Stifel Financial worth $115,114,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in SF. V Square Quantitative Management LLC acquired a new stake in Stifel Financial in the fourth quarter worth $26,000. Versant Capital Management Inc grew its stake in Stifel Financial by 46.5% in the fourth quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider's stock valued at $48,000 after acquiring an additional 145 shares during the period. Mather Group LLC. increased its holdings in shares of Stifel Financial by 14.6% in the fourth quarter. Mather Group LLC. now owns 707 shares of the financial services provider's stock worth $75,000 after acquiring an additional 90 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Stifel Financial by 78.9% during the fourth quarter. GAMMA Investing LLC now owns 900 shares of the financial services provider's stock worth $95,000 after purchasing an additional 397 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Stifel Financial by 148.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,201 shares of the financial services provider's stock valued at $113,000 after purchasing an additional 717 shares in the last quarter. 82.01% of the stock is currently owned by institutional investors.
Stifel Financial Stock Down 4.1 %
Shares of NYSE SF traded down $4.29 during mid-day trading on Tuesday, hitting $99.23. The company had a trading volume of 669,840 shares, compared to its average volume of 714,212. 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 firm has a 50-day simple moving average of $109.68 and a two-hundred day simple moving average of $103.74. The company has a market capitalization of $10.16 billion, a PE ratio of 15.92 and a beta of 1.11. Stifel Financial Corp. has a one year low of $72.78 and a one year high of $120.64.
Stifel Financial (NYSE:SF - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share for the quarter, beating analysts' consensus estimates 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, equities analysts expect that Stifel Financial Corp. will post 8.26 EPS for the current year.
Stifel Financial Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Monday, March 3rd. This is an increase from Stifel Financial's previous quarterly dividend of $0.42. Stifel Financial's dividend payout ratio (DPR) is 29.49%.
Analyst Upgrades and Downgrades
SF has been the subject of a number of research reports. Wells Fargo & Company increased their target price on Stifel Financial from $128.00 to $135.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. JMP Securities raised their price objective on shares of Stifel Financial from $125.00 to $135.00 and gave the stock a "market outperform" rating in a report on Thursday, January 30th. JPMorgan Chase & Co. assumed coverage on shares of Stifel Financial in a research note on Tuesday, December 10th. They issued a "neutral" rating and a $120.00 target price for the company. StockNews.com raised Stifel Financial from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. Finally, Citigroup boosted their price target on Stifel Financial from $110.00 to $115.00 and gave the company a "neutral" rating in a report on Friday, January 10th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Stifel Financial has a consensus rating of "Hold" and an average price target of $117.71.
Check Out Our Latest Stock Analysis on SF
Stifel Financial 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.
Featured Articles
Before you consider Stifel Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Stifel Financial wasn't on the list.
While Stifel Financial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
