Fiera Capital Corp Has $68.26 Million Stock Position in Stifel Financial Corp. (NYSE:SF)

Fiera Capital Corp reduced its position in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 643,447 shares of the financial services provider's stock after selling 14,367 shares during the period. Fiera Capital Corp owned 0.63% of Stifel Financial worth $68,257,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Waldron Private Wealth LLC purchased a new position in shares of Stifel Financial during the 3rd quarter worth about $34,000. GAMMA Investing LLC lifted its holdings in shares of Stifel Financial by 27.7% during the 3rd quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider's stock worth $47,000 after acquiring an additional 109 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Stifel Financial by 46.5% during the 4th quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider's stock worth $48,000 after acquiring an additional 145 shares during the period. Mather Group LLC. raised its holdings in Stifel Financial by 14.6% in the fourth quarter. Mather Group LLC. now owns 707 shares of the financial services provider's stock valued at $75,000 after buying an additional 90 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in Stifel Financial by 148.1% in the third quarter. Farther Finance Advisors LLC now owns 1,201 shares of the financial services provider's stock valued at $113,000 after buying an additional 717 shares during the period. 82.01% of the stock is owned by institutional investors and hedge funds.

Stifel Financial Price Performance

Stifel Financial stock traded up $1.72 during mid-day trading on Friday, hitting $110.50. 428,896 shares of the company were exchanged, compared to its average volume of 722,996. 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 fifty day moving average of $110.00 and a 200 day moving average of $101.72. Stifel Financial Corp. has a 1-year low of $72.78 and a 1-year high of $120.64. The company has a market capitalization of $11.31 billion, a PE ratio of 17.71 and a beta of 1.11.

Stifel Financial (NYSE:SF - Get Free Report) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share for the quarter, beating 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%. As a group, sell-side analysts expect that Stifel Financial Corp. will post 8.26 earnings per share for the current year.

Stifel Financial Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.84 dividend on an annualized basis and a yield of 1.67%. This is a boost from Stifel Financial's previous quarterly dividend of $0.42. Stifel Financial's dividend payout ratio (DPR) is 26.92%.

Analysts Set New Price Targets

Several analysts have issued reports on SF shares. Wells Fargo & Company increased their price objective on shares of Stifel Financial from $128.00 to $135.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. TD Cowen raised their price target on shares of Stifel Financial from $100.00 to $105.00 and gave the stock a "hold" rating in a research report on Thursday, October 24th. Citigroup raised their price target on shares of Stifel Financial from $110.00 to $115.00 and gave the stock a "neutral" rating in a research report on Friday, January 10th. JMP Securities raised 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. Finally, JPMorgan Chase & Co. started coverage on shares of Stifel Financial in a research report on Tuesday, December 10th. They set a "neutral" rating and a $120.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $117.71.

About Stifel Financial

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.