Magnetar Financial LLC Makes New $1.78 Million Investment in Stifel Financial Corp. (NYSE:SF)

Magnetar Financial LLC acquired a new position in shares of Stifel Financial Corp. (NYSE:SF - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 16,743 shares of the financial services provider's stock, valued at approximately $1,776,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC increased its stake in Stifel Financial by 18.8% in the third quarter. FMR LLC now owns 7,956,412 shares of the financial services provider's stock valued at $747,107,000 after purchasing an additional 1,256,595 shares during the period. State Street Corp raised its holdings in 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 purchasing an additional 31,101 shares during the last quarter. Stifel Financial Corp boosted its position in shares of Stifel Financial by 1.5% in the 3rd quarter. Stifel Financial Corp now owns 2,279,267 shares of the financial services provider's stock worth $214,023,000 after buying an additional 33,953 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Stifel Financial by 78.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,958,709 shares of the financial services provider's stock worth $183,923,000 after purchasing an additional 860,465 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Stifel Financial by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,696,605 shares of the financial services provider's stock valued at $159,355,000 after purchasing an additional 20,110 shares during the last quarter. Institutional investors and hedge funds own 82.01% of the company's stock.

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Wall Street Analysts Forecast Growth

SF has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price target on shares of Stifel Financial from $128.00 to $135.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. UBS Group raised their target price on Stifel Financial from $116.00 to $120.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. StockNews.com raised shares of Stifel Financial from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. Citigroup boosted their price target on Stifel Financial from $110.00 to $115.00 and gave the company a "neutral" rating in a report on Friday, January 10th. Finally, JMP Securities upped their price objective on Stifel Financial from $125.00 to $135.00 and gave the stock a "market outperform" rating in a research note on Thursday, January 30th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $117.71.

Stifel Financial Stock Performance

SF stock traded down $0.27 during midday trading on Tuesday, hitting $101.91. 494,612 shares of the company traded hands, compared to its average volume of 598,219. The stock has a market capitalization of $10.57 billion, a price-to-earnings ratio of 16.33 and a beta of 1.08. Stifel Financial Corp. has a twelve month low of $73.51 and a twelve month high of $120.64. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. The business has a 50 day simple moving average of $106.69 and a 200-day simple moving average of $104.87.

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%. As a group, equities 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 declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.46 per share. This is an increase from Stifel Financial's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.84 annualized dividend and a yield of 1.81%. Stifel Financial's dividend payout ratio is 29.49%.

Stifel Financial Profile

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.