Haven Private LLC Acquires Shares of 7,000 Stifel Financial Corp. (NYSE:SF)

Haven Private LLC purchased a new stake in shares of Stifel Financial Corp. (NYSE:SF - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 7,000 shares of the financial services provider's stock, valued at approximately $743,000.

Several other institutional investors have also bought and sold shares of SF. V Square Quantitative Management LLC bought a new position in shares of Stifel Financial during the 4th quarter valued at approximately $26,000. Versant Capital Management Inc boosted its stake in Stifel Financial by 46.5% during the fourth quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider's stock worth $48,000 after buying an additional 145 shares during the period. Smartleaf Asset Management LLC increased its position in Stifel Financial by 26.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 528 shares of the financial services provider's stock valued at $56,000 after acquiring an additional 111 shares during the last quarter. Mather Group LLC. raised its stake 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 valued at $75,000 after acquiring an additional 90 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Stifel Financial by 78.9% in the 4th quarter. GAMMA Investing LLC now owns 900 shares of the financial services provider's stock worth $95,000 after acquiring an additional 397 shares during the last quarter. Institutional investors own 82.01% of the company's stock.

Stifel Financial Stock Performance

NYSE:SF traded up $2.47 during trading hours on Tuesday, reaching $94.09. The company had a trading volume of 1,169,625 shares, compared to its average volume of 590,710. The firm has a market cap of $9.76 billion, a PE ratio of 15.08 and a beta of 1.08. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78. The business's 50 day moving average price is $108.71 and its 200-day moving average price is $104.16. Stifel Financial Corp. has a 1-year low of $72.78 and a 1-year high of $120.64.

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Stifel Financial (NYSE:SF - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share for the quarter, topping 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%. Research analysts forecast that Stifel Financial Corp. will post 8.26 EPS for the current year.

Stifel Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.96%. This is an increase from Stifel Financial's previous quarterly dividend of $0.42. The ex-dividend date is Monday, March 3rd. Stifel Financial's dividend payout ratio (DPR) is presently 29.49%.

Analysts Set New Price Targets

Several equities analysts recently commented on SF shares. StockNews.com upgraded shares of Stifel Financial from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. UBS Group upped their target price on Stifel Financial from $116.00 to $120.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Wells Fargo & Company raised their price target on Stifel Financial from $128.00 to $135.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. assumed coverage on Stifel Financial in a research report on Tuesday, December 10th. They set a "neutral" rating and a $120.00 target price for the company. Finally, JMP Securities upped their price target 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. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $117.71.

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.