Stifel Financial Corp. (NYSE:SF) Position Trimmed by Prudential Financial Inc.

Prudential Financial Inc. lowered its stake in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 41.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,793 shares of the financial services provider's stock after selling 16,508 shares during the quarter. Prudential Financial Inc.'s holdings in Stifel Financial were worth $2,524,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Barclays PLC grew 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 valued at $10,086,000 after acquiring an additional 41,171 shares during the period. TT International Asset Management LTD purchased a new position in Stifel Financial in the fourth quarter valued at approximately $2,759,000. V Square Quantitative Management LLC purchased a new position in Stifel Financial in the fourth quarter valued at approximately $26,000. Park Avenue Securities LLC lifted its position in Stifel Financial by 31.1% during the fourth quarter. Park Avenue Securities LLC now owns 18,584 shares of the financial services provider's stock valued at $1,971,000 after buying an additional 4,413 shares in the last quarter. Finally, State Street Corp grew its stake in Stifel Financial by 1.0% during the third quarter. State Street Corp now owns 3,122,342 shares of the financial services provider's stock worth $293,188,000 after buying an additional 31,101 shares during the period. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Stifel Financial Stock Down 2.8 %

Shares of Stifel Financial stock traded down $2.18 on Tuesday, hitting $76.33. 1,596,106 shares of the company's stock traded hands, compared to its average volume of 647,125. Stifel Financial Corp. has a 52-week low of $73.27 and a 52-week high of $120.64. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. The stock has a market cap of $7.92 billion, a P/E ratio of 12.23 and a beta of 1.00. The firm's 50-day moving average is $100.88 and its 200 day moving average is $104.94.

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Stifel Financial (NYSE:SF - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.23 EPS for the quarter, beating analysts' consensus estimates 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 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. Investors of record on Monday, March 3rd were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.41%. This is an increase from Stifel Financial's previous quarterly dividend of $0.42. The ex-dividend date was Monday, March 3rd. Stifel Financial's dividend payout ratio (DPR) is 29.49%.

Analyst Ratings Changes

Several equities analysts recently weighed in on SF shares. Citigroup reduced their target price on shares of Stifel Financial from $125.00 to $105.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Wells Fargo & Company reduced their price objective on Stifel Financial from $135.00 to $106.00 and set an "overweight" rating on the stock in a research note on Tuesday. UBS Group upped their target price on Stifel Financial from $116.00 to $120.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. JMP Securities dropped their target price on Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating on the stock in a report on Tuesday. Finally, StockNews.com upgraded Stifel Financial from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $111.57.

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.