Peregrine Capital Management LLC Sells 53,580 Shares of Stifel Financial Corp. (NYSE:SF)

Peregrine Capital Management LLC decreased its position in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 26.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 149,641 shares of the financial services provider's stock after selling 53,580 shares during the quarter. Peregrine Capital Management LLC owned 0.15% of Stifel Financial worth $15,874,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC lifted its position in Stifel Financial by 62.2% during the third quarter. Barclays PLC now owns 107,397 shares of the financial services provider's stock worth $10,086,000 after purchasing an additional 41,171 shares during the period. TT International Asset Management LTD acquired a new position in Stifel Financial during the fourth quarter worth about $2,759,000. Curi RMB Capital LLC raised its stake in Stifel Financial by 15.7% during the third quarter. Curi RMB Capital LLC now owns 69,301 shares of the financial services provider's stock worth $6,507,000 after acquiring an additional 9,396 shares in the last quarter. Larson Financial Group LLC raised its stake in Stifel Financial by 4,308.9% during the third quarter. Larson Financial Group LLC now owns 5,423 shares of the financial services provider's stock worth $509,000 after acquiring an additional 5,300 shares in the last quarter. Finally, FMR LLC raised its stake in Stifel Financial by 18.8% during the third quarter. FMR LLC now owns 7,956,412 shares of the financial services provider's stock worth $747,107,000 after acquiring an additional 1,256,595 shares in the last quarter. Institutional investors own 82.01% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on SF. Wells Fargo & Company boosted their target price on Stifel Financial from $128.00 to $135.00 and gave the stock an "overweight" rating in a research note 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 target price for the company. UBS Group boosted their target price on Stifel Financial from $116.00 to $120.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Citigroup upped 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. Finally, TD Cowen upped their price objective on Stifel Financial from $100.00 to $105.00 and gave the company a "hold" rating in a research note on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Stifel Financial presently has an average rating of "Hold" and an average target price of $117.71.

Stifel Financial Trading Down 3.1 %

Shares of Stifel Financial stock traded down $3.27 on Friday, hitting $103.93. The stock had a trading volume of 822,365 shares, compared to its average volume of 728,567. The stock has a 50 day moving average of $109.76 and a 200 day moving average of $102.46. Stifel Financial Corp. has a twelve month low of $72.78 and a twelve month high of $120.64. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. The firm has a market capitalization of $10.64 billion, a P/E ratio of 16.65 and a beta of 1.11.

Stifel Financial (NYSE:SF - Get Free Report) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $2.23 EPS 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%. Sell-side analysts expect that Stifel Financial Corp. will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $0.46 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This is a boost from Stifel Financial's previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a yield of 1.77%. Stifel Financial's dividend payout ratio is presently 26.92%.

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.