LPL Financial LLC Boosts Stock Position in Stifel Financial Corp. (NYSE:SF)

LPL Financial LLC raised its position in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 26.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 57,942 shares of the financial services provider's stock after buying an additional 11,960 shares during the quarter. LPL Financial LLC owned about 0.06% of Stifel Financial worth $6,400,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets boosted its position in shares of Stifel Financial by 28.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,968 shares of the financial services provider's stock worth $936,000 after purchasing an additional 2,210 shares in the last quarter. Verition Fund Management LLC purchased a new stake in Stifel Financial in the third quarter valued at about $385,000. Quantinno Capital Management LP boosted its holdings in Stifel Financial by 21.1% in the third quarter. Quantinno Capital Management LP now owns 37,684 shares of the financial services provider's stock worth $3,539,000 after acquiring an additional 6,571 shares in the last quarter. State Street Corp grew its stake in shares of Stifel Financial by 1.0% during the third quarter. State Street Corp now owns 3,122,342 shares of the financial services provider's stock worth $293,188,000 after acquiring an additional 31,101 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of Stifel Financial by 78.3% during the third quarter. Wellington Management Group LLP now owns 1,958,709 shares of the financial services provider's stock valued at $183,923,000 after acquiring an additional 860,465 shares in the last quarter. 82.01% of the stock is currently owned by institutional investors.

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Stifel Financial Stock Performance

Shares of NYSE SF traded up $1.95 during trading on Friday, reaching $82.12. 1,368,341 shares of the company traded hands, compared to its average volume of 655,984. The stock has a market cap of $8.52 billion, a P/E ratio of 13.16 and a beta of 1.00. The firm's fifty day simple moving average is $98.41 and its 200 day simple moving average is $104.61. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27. 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 announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.27. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. As a group, research analysts anticipate that Stifel Financial Corp. will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from Stifel Financial's previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a yield of 2.24%. Stifel Financial's dividend payout ratio is 29.49%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SF shares. JPMorgan Chase & Co. lowered their target price on shares of Stifel Financial from $123.00 to $100.00 and set a "neutral" rating for the company in a research note on Friday. Wells Fargo & Company lowered 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. UBS Group boosted their price objective on shares of Stifel Financial from $116.00 to $120.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. TD Cowen reduced their target price on Stifel Financial from $124.00 to $84.00 and set a "hold" rating for the company in a research note on Wednesday. Finally, JMP Securities dropped their price target on Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating on the stock in a research note on Tuesday. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price 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.