Venturi Wealth Management LLC Buys 4,683 Shares of Stifel Financial Corp. (NYSE:SF)

Venturi Wealth Management LLC increased its stake in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 650.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 5,403 shares of the financial services provider's stock after acquiring an additional 4,683 shares during the period. Venturi Wealth Management LLC's holdings in Stifel Financial were worth $573,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. FMR LLC raised its holdings in shares of Stifel Financial by 18.8% during the third quarter. FMR LLC now owns 7,956,412 shares of the financial services provider's stock worth $747,107,000 after purchasing an additional 1,256,595 shares during the period. State Street Corp lifted its holdings in Stifel Financial by 1.0% in the third quarter. State Street Corp now owns 3,122,342 shares of the financial services provider's stock worth $293,188,000 after acquiring an additional 31,101 shares during the last quarter. Stifel Financial Corp boosted its stake in Stifel Financial by 1.5% in the third quarter. Stifel Financial Corp now owns 2,279,267 shares of the financial services provider's stock valued at $214,023,000 after acquiring an additional 33,953 shares during the period. Wellington Management Group LLP grew its holdings in shares of Stifel Financial by 78.3% during the third quarter. Wellington Management Group LLP now owns 1,958,709 shares of the financial services provider's stock valued at $183,923,000 after purchasing an additional 860,465 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Stifel Financial by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,696,605 shares of the financial services provider's stock worth $159,355,000 after purchasing an additional 20,110 shares during the period. 82.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SF. Citigroup boosted their price target on shares of Stifel Financial from $110.00 to $115.00 and gave the company a "neutral" rating in a report on Friday, January 10th. UBS Group boosted 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. JMP Securities boosted their price target on shares of Stifel Financial from $125.00 to $135.00 and gave the company a "market outperform" rating in a report on Thursday, January 30th. TD Cowen boosted their price target on shares of Stifel Financial from $100.00 to $105.00 and gave the company a "hold" rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. began coverage on shares of Stifel Financial in a research note on Tuesday, December 10th. They set a "neutral" rating and a $120.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Stifel Financial presently has a consensus rating of "Hold" and a consensus price target of $117.71.

Stifel Financial Stock Performance

SF traded down $3.69 on Friday, hitting $103.51. The company had a trading volume of 176,575 shares, compared to its average volume of 708,877. Stifel Financial Corp. has a 1-year low of $72.78 and a 1-year high of $120.64. 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 company's fifty day moving average price is $109.89 and its 200 day moving average price is $102.29. The stock has a market cap of $10.59 billion, a price-to-earnings ratio of 16.59 and a beta of 1.11.

Stifel Financial (NYSE:SF - Get Free Report) last posted its earnings results on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share (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 predict that Stifel Financial Corp. will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be 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 is Monday, March 3rd. This represents a $1.84 annualized dividend and a yield of 1.78%. Stifel Financial's dividend payout ratio is presently 26.92%.

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.