Schroder Investment Management Group reduced its position in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 30.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 115,864 shares of the financial services provider's stock after selling 50,573 shares during the quarter. Schroder Investment Management Group owned 0.11% of Stifel Financial worth $12,299,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in SF. V Square Quantitative Management LLC bought a new position in Stifel Financial in the 4th quarter worth $26,000. Versant Capital Management Inc raised its stake in shares of Stifel Financial by 46.5% in the fourth quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider's stock worth $48,000 after buying an additional 145 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of 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 in the last quarter. Brown Brothers Harriman & Co. lifted its position in shares of Stifel Financial by 84.3% during the 4th quarter. Brown Brothers Harriman & Co. now owns 553 shares of the financial services provider's stock valued at $59,000 after buying an additional 253 shares in the last quarter. Finally, Mather Group LLC. grew its stake 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 valued at $75,000 after acquiring an additional 90 shares during the period. Hedge funds and other institutional investors own 82.01% of the company's stock.
Analysts Set New Price Targets
SF has been the topic of several analyst reports. UBS Group lifted their price target on shares of Stifel Financial from $116.00 to $120.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Citigroup lowered their target price on shares of Stifel Financial from $125.00 to $105.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. StockNews.com upgraded Stifel Financial from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Wells Fargo & Company lowered their price objective on Stifel Financial from $135.00 to $106.00 and set an "overweight" rating on the stock in a research report on Tuesday. Finally, JMP Securities dropped their price objective on Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating for the company in a research note on Tuesday. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $111.57.
View Our Latest Analysis on SF
Stifel Financial Price Performance
Shares of SF stock traded down $2.18 during trading hours on Tuesday, hitting $76.33. The stock had a trading volume of 1,596,106 shares, compared to its average volume of 647,125. The stock's 50-day moving average price is $100.88 and its two-hundred day moving average price is $104.94. Stifel Financial Corp. has a one year low of $73.27 and a one year high of $120.64. The stock has a market capitalization of $7.92 billion, a price-to-earnings ratio of 12.23 and a beta of 1.00. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78.
Stifel Financial (NYSE:SF - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share (EPS) 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%. Equities analysts forecast that Stifel Financial Corp. will post 8.26 EPS for the current year.
Stifel Financial Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.46 per share. This is an increase from Stifel Financial's previous quarterly dividend of $0.42. The ex-dividend date was Monday, March 3rd. This represents a $1.84 dividend on an annualized basis and a yield of 2.41%. Stifel Financial's dividend payout ratio 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.
Read More
Before you consider Stifel Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Stifel Financial wasn't on the list.
While Stifel Financial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
