Loomis Sayles & Co. L P reduced its holdings in Stifel Financial Corp. (NYSE:SF - Free Report) by 2.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 165,800 shares of the financial services provider's stock after selling 5,018 shares during the period. Loomis Sayles & Co. L P owned approximately 0.16% of Stifel Financial worth $17,588,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in Stifel Financial during the 4th quarter worth about $26,000. Versant Capital Management Inc increased its holdings in Stifel Financial by 46.5% in the 4th 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 last quarter. Smartleaf Asset Management LLC raised its stake in shares of Stifel Financial by 26.6% in 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 in the last quarter. Mather Group LLC. increased 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 acquiring an additional 90 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in Stifel Financial by 78.9% during the 4th quarter. GAMMA Investing LLC now owns 900 shares of the financial services provider's stock worth $95,000 after buying an additional 397 shares during the last quarter. Institutional investors own 82.01% of the company's stock.
Stifel Financial Stock Performance
SF traded up $1.03 on Wednesday, hitting $95.83. The company had a trading volume of 157,286 shares, compared to its average volume of 624,297. 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 company's fifty day moving average price is $104.83 and its 200 day moving average price is $105.41. The stock has a market cap of $9.94 billion, a price-to-earnings ratio of 15.37 and a beta of 1.08. Stifel Financial Corp. has a 1-year low of $73.51 and a 1-year high of $120.64.
Stifel Financial (NYSE:SF - Get Free Report) last announced its quarterly earnings data 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%. Equities analysts predict that Stifel Financial Corp. will post 8.26 earnings per share for the current fiscal year.
Stifel Financial Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.46 per share. 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 1.92%. Stifel Financial's dividend payout ratio (DPR) is presently 29.49%.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on SF. UBS Group lifted their price target on Stifel Financial from $116.00 to $120.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Citigroup lifted their price objective on Stifel Financial from $110.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday, January 10th. StockNews.com upgraded Stifel Financial from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Wells Fargo & Company upped their price target on shares of Stifel Financial from $128.00 to $135.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Stifel Financial in a research note on Tuesday, December 10th. They issued a "neutral" rating and a $120.00 price objective on the stock. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $117.71.
View Our Latest Report on Stifel Financial
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.
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