Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Stifel Financial Corp. (NYSE:SF - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 3,992 shares of the financial services provider's stock, valued at approximately $423,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. V Square Quantitative Management LLC acquired a new position in shares of Stifel Financial during the fourth quarter worth $26,000. Versant Capital Management Inc increased its holdings in Stifel Financial by 46.5% in the fourth 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 period. Smartleaf Asset Management LLC raised its position in Stifel Financial by 26.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 528 shares of the financial services provider's stock worth $56,000 after purchasing an additional 111 shares during the last quarter. Mather Group LLC. lifted its holdings in Stifel Financial by 14.6% during the 4th quarter. Mather Group LLC. now owns 707 shares of the financial services provider's stock worth $75,000 after buying an additional 90 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Stifel Financial by 78.9% in the 4th quarter. GAMMA Investing LLC now owns 900 shares of the financial services provider's stock valued at $95,000 after buying an additional 397 shares during the last quarter. Institutional investors own 82.01% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts recently commented on the company. StockNews.com raised Stifel Financial from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. UBS Group boosted their price target on shares of Stifel Financial from $116.00 to $120.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Citigroup decreased their price objective on shares of Stifel Financial from $125.00 to $105.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. The Goldman Sachs Group dropped their target price on shares of Stifel Financial from $121.00 to $105.00 and set a "neutral" rating on the stock in a report on Thursday. Finally, JPMorgan Chase & Co. started coverage on Stifel Financial in a report on Tuesday, December 10th. They set a "neutral" rating and a $120.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $117.86.
View Our Latest Research Report on Stifel Financial
Stifel Financial Stock Down 1.0 %
SF traded down $0.76 during midday trading on Monday, hitting $78.38. The company had a trading volume of 1,626,221 shares, compared to its average volume of 641,941. The stock's 50 day moving average price is $102.48 and its 200 day moving average price is $105.26. Stifel Financial Corp. has a 52 week low of $73.27 and a 52 week high of $120.64. The company has a market capitalization of $8.13 billion, a price-to-earnings ratio of 12.56 and a beta of 1.00. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27.
Stifel Financial (NYSE:SF - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share 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, 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 announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.46 dividend. 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 2.35%. The ex-dividend date was Monday, March 3rd. Stifel Financial's dividend payout ratio (DPR) is currently 29.49%.
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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