JPMorgan Chase & Co. boosted its position in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 45.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 299,261 shares of the financial services provider's stock after buying an additional 93,341 shares during the period. JPMorgan Chase & Co. owned 0.29% of Stifel Financial worth $31,746,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SF. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of Stifel Financial in the fourth quarter valued at about $423,000. Zions Bancorporation N.A. lifted its position in Stifel Financial by 20.4% during the 4th quarter. Zions Bancorporation N.A. now owns 32,537 shares of the financial services provider's stock worth $3,452,000 after acquiring an additional 5,503 shares during the period. EFG Asset Management North America Corp. grew its stake in shares of Stifel Financial by 89.9% in the 4th quarter. EFG Asset Management North America Corp. now owns 36,479 shares of the financial services provider's stock valued at $3,869,000 after purchasing an additional 17,266 shares during the last quarter. Congress Wealth Management LLC DE acquired a new position in shares of Stifel Financial in the fourth quarter valued at approximately $278,000. Finally, LPL Financial LLC raised its stake in shares of Stifel Financial by 26.0% during the fourth quarter. LPL Financial LLC now owns 57,942 shares of the financial services provider's stock worth $6,400,000 after purchasing an additional 11,960 shares during the last quarter. Hedge funds and other institutional investors own 82.01% of the company's stock.
Stifel Financial Price Performance
Shares of NYSE:SF traded up $1.95 during trading on Friday, hitting $82.12. 1,368,341 shares of the stock were exchanged, compared to its average volume of 655,984. The company has a market cap of $8.52 billion, a PE ratio of 13.16 and a beta of 1.00. 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 fifty day moving average price of $98.41 and a two-hundred day moving average price of $104.61. 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 earnings results on Wednesday, January 29th. The financial services provider reported $2.23 EPS for the quarter, topping 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, analysts forecast that Stifel Financial Corp. will post 8.26 EPS 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 given a dividend of $0.46 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.84 dividend on an annualized basis and a yield of 2.24%. This is a boost from Stifel Financial's previous quarterly dividend of $0.42. Stifel Financial's payout ratio is presently 29.49%.
Analyst Ratings Changes
A number of equities analysts recently weighed in on SF shares. StockNews.com upgraded shares of Stifel Financial from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. The Goldman Sachs Group cut their price target on shares of Stifel Financial from $121.00 to $105.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. JMP Securities lowered their price objective on Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating on the stock in a report on Tuesday. Citigroup cut their target price on Stifel Financial from $125.00 to $105.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Finally, JPMorgan Chase & Co. decreased their price target on Stifel Financial from $123.00 to $100.00 and set a "neutral" rating on the stock in a research note on Friday. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $105.71.
View Our Latest Stock Report on SF
About Stifel Financial
(
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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