Rhumbline Advisers Sells 7,716 Shares of Stifel Financial Corp. (NYSE:SF)

Rhumbline Advisers reduced its holdings in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 268,998 shares of the financial services provider's stock after selling 7,716 shares during the quarter. Rhumbline Advisers owned 0.26% of Stifel Financial worth $28,535,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SF. V Square Quantitative Management LLC acquired a new stake in Stifel Financial in the fourth quarter valued at $26,000. Waldron Private Wealth LLC bought a new stake in Stifel Financial during the third quarter valued at $34,000. Versant Capital Management Inc increased its stake in Stifel Financial by 46.5% during the fourth 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 during the last quarter. Mather Group LLC. increased its stake in Stifel Financial by 14.6% during the fourth quarter. Mather Group LLC. now owns 707 shares of the financial services provider's stock valued at $75,000 after purchasing an additional 90 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Stifel Financial by 78.9% during the fourth quarter. GAMMA Investing LLC now owns 900 shares of the financial services provider's stock valued at $95,000 after purchasing an additional 397 shares during the last quarter. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Stifel Financial Stock Performance

SF stock traded down $3.86 during midday trading on Friday, hitting $103.34. 147,377 shares of the company traded hands, compared to its average volume of 707,836. Stifel Financial Corp. has a twelve month low of $72.78 and a twelve month 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 business has a 50 day simple moving average of $109.89 and a 200-day simple moving average of $102.29. The stock has a market capitalization of $10.58 billion, a price-to-earnings ratio of 16.54 and a beta of 1.11.

Stifel Financial (NYSE:SF - Get Free Report) last announced its quarterly 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%. As a group, equities research analysts predict that Stifel Financial Corp. will post 8.26 earnings per share for the current year.

Stifel Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.78%. The ex-dividend date is Monday, March 3rd. This is an increase from Stifel Financial's previous quarterly dividend of $0.42. Stifel Financial's dividend payout ratio (DPR) is 26.92%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Citigroup increased their target price on shares of Stifel Financial from $110.00 to $115.00 and gave the company a "neutral" rating in a research report on Friday, January 10th. JMP Securities increased their price target on shares of Stifel Financial from $125.00 to $135.00 and gave the stock a "market outperform" rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. initiated coverage on shares of Stifel Financial in a research report on Tuesday, December 10th. They issued a "neutral" rating and a $120.00 price target for the company. Wells Fargo & Company increased 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. Finally, UBS Group increased their price target on shares of Stifel Financial from $116.00 to $120.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $117.71.

Stifel Financial Company 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.