Legal & General Group Plc cut its position in Stifel Financial Corp. (NYSE:SF - Free Report) by 5.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 191,594 shares of the financial services provider's stock after selling 10,751 shares during the quarter. Legal & General Group Plc owned 0.19% of Stifel Financial worth $20,324,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in shares of Stifel Financial in the fourth quarter valued at approximately $26,000. Versant Capital Management Inc grew its stake in shares of Stifel Financial by 46.5% in the fourth 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 in the last quarter. Smartleaf Asset Management LLC increased its position in shares of 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 acquiring an additional 111 shares during the period. Brown Brothers Harriman & Co. raised its stake 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 acquiring an additional 253 shares in the last quarter. Finally, Mather Group LLC. boosted its holdings in 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 purchasing an additional 90 shares during the period. Hedge funds and other institutional investors own 82.01% of the company's stock.
Stifel Financial Stock Up 1.8 %
Shares of NYSE:SF traded up $1.48 during trading on Friday, hitting $85.13. 1,029,933 shares of the company were exchanged, compared to its average volume of 666,147. The firm's 50 day moving average price is $96.18 and its 200-day moving average price is $104.29. Stifel Financial Corp. has a 12-month low of $73.27 and a 12-month high of $120.64. 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 stock has a market capitalization of $8.83 billion, a P/E ratio of 13.64 and a beta of 1.00.
Stifel Financial (NYSE:SF - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.23 EPS for the quarter, topping the consensus estimate 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 fiscal year.
Stifel Financial Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.46 dividend. The ex-dividend date was Monday, March 3rd. This is a boost from Stifel Financial's previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.16%. Stifel Financial's dividend payout ratio is 29.49%.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on SF shares. UBS Group increased their price target on Stifel Financial from $116.00 to $120.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Wells Fargo & Company reduced their target price on shares of Stifel Financial from $135.00 to $106.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. TD Cowen lowered their price target on shares of Stifel Financial from $124.00 to $84.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. JMP Securities dropped their price objective on shares of Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. Finally, StockNews.com raised shares of Stifel Financial from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Stifel Financial currently has a consensus rating of "Hold" and an average target price of $105.71.
Read Our Latest Research Report on Stifel Financial
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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