New Age Alpha Advisors LLC Makes New $6.17 Million Investment in Stifel Financial Corp. (NYSE:SF)

New Age Alpha Advisors LLC purchased a new stake in shares of Stifel Financial Corp. (NYSE:SF - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 58,198 shares of the financial services provider's stock, valued at approximately $6,174,000. New Age Alpha Advisors LLC owned about 0.06% of Stifel Financial at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in shares of Stifel Financial during the fourth quarter valued at approximately $26,000. Versant Capital Management Inc increased its stake 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 worth $48,000 after purchasing an additional 145 shares during the period. Smartleaf Asset Management LLC grew its holdings 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 worth $56,000 after purchasing an additional 111 shares during the last quarter. Mather Group LLC. lifted its stake in Stifel Financial by 14.6% in the fourth quarter. Mather Group LLC. now owns 707 shares of the financial services provider's stock worth $75,000 after acquiring an additional 90 shares during the period. Finally, GAMMA Investing LLC increased its holdings 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 acquiring an additional 397 shares during the period. 82.01% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SF. UBS Group raised their price target 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. Wells Fargo & Company raised their price objective on Stifel Financial from $128.00 to $135.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. JMP Securities upped their target price on Stifel Financial from $125.00 to $135.00 and gave the company a "market outperform" rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. began coverage on Stifel Financial in a research note on Tuesday, December 10th. They set a "neutral" rating and a $120.00 price target on the stock. 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 investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $117.71.

Stifel Financial Stock Up 0.3 %

Shares of SF traded up $0.31 during mid-day trading on Tuesday, reaching $94.57. The company's stock had a trading volume of 168,975 shares, compared to its average volume of 623,857. The company's 50 day moving average is $105.26 and its 200 day moving average is $105.34. 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 cap of $9.81 billion, a PE ratio of 15.23 and a beta of 1.08. Stifel Financial Corp. has a 12-month low of $73.51 and a 12-month high of $120.64.

Stifel Financial (NYSE:SF - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share (EPS) for the quarter, beating 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%. Equities analysts anticipate that Stifel Financial Corp. will post 8.26 EPS for the current fiscal year.

Stifel Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.95%. This is a positive change from Stifel Financial's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, March 3rd. Stifel Financial's dividend payout ratio (DPR) 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.