Proficio Capital Partners LLC acquired a new stake in Stifel Financial Corp. (NYSE:SF - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 162,174 shares of the financial services provider's stock, valued at approximately $162,000. Proficio Capital Partners LLC owned about 0.16% of Stifel Financial as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of SF. V Square Quantitative Management LLC acquired a new position in shares of Stifel Financial during the fourth quarter valued at $26,000. Versant Capital Management Inc grew its position in Stifel Financial by 46.5% in the 4th quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider's stock valued at $48,000 after buying an additional 145 shares in the last quarter. Smartleaf Asset Management LLC increased its stake 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 valued at $56,000 after buying an additional 111 shares during the period. Mather Group LLC. raised its position in shares of 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 in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Stifel Financial by 78.9% during the 4th quarter. GAMMA Investing LLC now owns 900 shares of the financial services provider's stock worth $95,000 after buying an additional 397 shares in the last quarter. 82.01% of the stock is owned by institutional investors and hedge funds.
Stifel Financial Price Performance
Shares of NYSE SF traded up $0.30 during mid-day trading on Monday, reaching $94.17. The company had a trading volume of 1,026,440 shares, compared to its average volume of 625,593. The company has a 50-day moving average price of $105.26 and a two-hundred day moving average price of $105.34. The stock has a market cap of $9.77 billion, a PE ratio of 15.09 and a beta of 1.08. 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 1-year low of $73.51 and a 1-year high of $120.64.
Stifel Financial (NYSE:SF - Get Free Report) last issued 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, equities analysts anticipate that Stifel Financial Corp. will post 8.26 earnings per share for the current year.
Stifel Financial Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.46 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.95%. This is a positive change from Stifel Financial's previous quarterly dividend of $0.42. Stifel Financial's payout ratio is currently 29.49%.
Wall Street Analyst Weigh In
A number of research firms recently commented on SF. StockNews.com upgraded shares of Stifel Financial from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. JMP Securities lifted their price target 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. initiated coverage on Stifel Financial in a research note on Tuesday, December 10th. They issued a "neutral" rating and a $120.00 price objective on the stock. Wells Fargo & Company raised their target price on Stifel Financial from $128.00 to $135.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Finally, Citigroup boosted their price target on shares of Stifel Financial from $110.00 to $115.00 and gave the stock a "neutral" rating in a research report on Friday, January 10th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $117.71.
Check Out Our Latest Stock Analysis on SF
Stifel Financial Company Profile
(
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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