Proficio Capital Partners LLC acquired a new stake in Stifel Financial Corp. (NYSE:SF - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 162,174 shares of the financial services provider's stock, valued at approximately $162,000. Proficio Capital Partners LLC owned 0.16% of Stifel Financial as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in SF. V Square Quantitative Management LLC acquired a new position in Stifel Financial in the fourth quarter valued at $26,000. Versant Capital Management Inc lifted its stake in shares of 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 purchasing an additional 145 shares in the last quarter. Mather Group LLC. grew its holdings 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 purchasing an additional 90 shares during the period. GAMMA Investing LLC increased its position in 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 purchasing an additional 397 shares in the last quarter. Finally, UMB Bank n.a. increased its position in Stifel Financial by 24.1% during the 4th quarter. UMB Bank n.a. now owns 1,080 shares of the financial services provider's stock worth $115,000 after purchasing an additional 210 shares in the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
SF has been the subject of several research reports. UBS Group boosted their price objective on shares of Stifel Financial from $116.00 to $120.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Wells Fargo & Company upped their price target on shares of 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 raised their price objective 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. StockNews.com raised Stifel Financial from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. Finally, Citigroup raised their target price on Stifel Financial from $110.00 to $115.00 and gave the company a "neutral" rating in a report on Friday, January 10th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $117.71.
View Our Latest Research Report on Stifel Financial
Stifel Financial Stock Down 2.6 %
SF stock traded down $2.51 during midday trading on Thursday, hitting $92.67. 942,302 shares of the company's stock were exchanged, compared to its average volume of 595,661. The firm has a 50 day moving average price of $108.26 and a 200-day moving average price of $104.15. Stifel Financial Corp. has a 12-month low of $72.78 and a 12-month high of $120.64. The stock has a market capitalization of $9.61 billion, a price-to-earnings ratio of 14.85 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 (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 (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%. On average, analysts anticipate that Stifel Financial Corp. will post 8.26 EPS for the current year.
Stifel Financial Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.46 per share. This is a boost from Stifel Financial's previous quarterly dividend of $0.42. The ex-dividend date is Monday, March 3rd. This represents a $1.84 annualized dividend and a dividend yield of 1.99%. Stifel Financial's dividend payout ratio (DPR) is presently 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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