Stifel Financial Corp. (NYSE:SF) Shares Acquired by Invesco Ltd.

Invesco Ltd. raised its position in Stifel Financial Corp. (NYSE:SF - Free Report) by 18.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,207,465 shares of the financial services provider's stock after purchasing an additional 186,352 shares during the period. Invesco Ltd. owned about 1.18% of Stifel Financial worth $128,088,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new position in shares of Stifel Financial during the 4th quarter valued at about $26,000. Versant Capital Management Inc grew its holdings 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 purchasing 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 worth $56,000 after purchasing an additional 111 shares during the last quarter. Brown Brothers Harriman & Co. raised its stake in Stifel Financial by 84.3% during the fourth quarter. Brown Brothers Harriman & Co. now owns 553 shares of the financial services provider's stock worth $59,000 after purchasing an additional 253 shares during the period. Finally, Mather Group LLC. boosted its holdings in shares of Stifel Financial by 14.6% in the 4th quarter. Mather Group LLC. now owns 707 shares of the financial services provider's stock valued at $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 Stock Up 1.8 %

NYSE:SF traded up $1.48 on Friday, reaching $85.13. The stock had a trading volume of 1,029,933 shares, compared to its average volume of 666,147. The stock has a market cap of $8.83 billion, a P/E ratio of 13.64 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. 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 50-day moving average of $96.18 and a 200 day moving average of $104.29.

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 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%. On average, research analysts predict that Stifel Financial Corp. will post 8.26 earnings per share for the current year.

Stifel Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.46 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.84 annualized dividend and a dividend yield of 2.16%. This is an increase from Stifel Financial's previous quarterly dividend of $0.42. Stifel Financial's payout ratio is presently 29.49%.

Wall Street Analysts Forecast Growth

SF has been the topic of a number of research analyst reports. The Goldman Sachs Group reduced 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. Citigroup decreased their target price on Stifel Financial from $125.00 to $105.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. JMP Securities cut their price target on shares of Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company decreased their price objective on shares of Stifel Financial from $135.00 to $106.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. cut their target price on shares of Stifel Financial from $123.00 to $100.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Stifel Financial has a consensus rating of "Hold" and a consensus price target of $105.71.

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.