Stifel Financial Corp. (NYSE:SF) Shares Sold by LSV Asset Management

LSV Asset Management decreased its position in Stifel Financial Corp. (NYSE:SF - Free Report) by 47.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 789,356 shares of the financial services provider's stock after selling 710,414 shares during the quarter. LSV Asset Management owned 0.77% of Stifel Financial worth $83,735,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Verition Fund Management LLC acquired a new stake in Stifel Financial during the third quarter worth approximately $385,000. Kovitz Investment Group Partners LLC raised its stake in Stifel Financial by 23.6% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 3,962 shares of the financial services provider's stock worth $360,000 after acquiring an additional 757 shares in the last quarter. MML Investors Services LLC increased its position in shares of Stifel Financial by 3.0% during the third quarter. MML Investors Services LLC now owns 28,521 shares of the financial services provider's stock worth $2,678,000 after purchasing an additional 820 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in Stifel Financial by 2.7% in the third quarter. Public Employees Retirement System of Ohio now owns 40,060 shares of the financial services provider's stock valued at $3,762,000 after buying an additional 1,053 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of Stifel Financial by 62.2% in 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. Hedge funds and other institutional investors own 82.01% of the company's stock.

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Analysts Set New Price Targets

Several analysts recently commented on SF shares. UBS Group upped their price target on shares of Stifel Financial from $116.00 to $120.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. The Goldman Sachs Group decreased their target price on shares of Stifel Financial from $121.00 to $105.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Citigroup reduced their price objective on Stifel Financial from $125.00 to $105.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. TD Cowen lowered their target price on Stifel Financial from $124.00 to $84.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Finally, StockNews.com upgraded Stifel Financial from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Stifel Financial presently has an average rating of "Hold" and a consensus price target of $105.71.

Stifel Financial Price Performance

NYSE:SF traded up $1.33 during trading hours on Tuesday, reaching $85.66. 1,295,533 shares of the company traded hands, compared to its average volume of 662,583. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78. The firm's 50-day moving average is $97.84 and its 200-day moving average is $104.63. The stock has a market cap of $8.89 billion, a P/E ratio of 13.73 and a beta of 1.00. Stifel Financial Corp. has a 1-year low of $73.27 and a 1-year high of $120.64.

Stifel Financial (NYSE:SF - Get Free Report) last announced its quarterly earnings data 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%. Equities research analysts expect that Stifel Financial Corp. will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.46 dividend. The ex-dividend date was Monday, March 3rd. This is a boost from Stifel Financial's previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a dividend yield of 2.15%. Stifel Financial's dividend payout ratio (DPR) is currently 29.49%.

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.