Choreo LLC Lowers Stake in Stifel Financial Corp. (NYSE:SF)

Choreo LLC decreased its holdings in Stifel Financial Corp. (NYSE:SF - Free Report) by 12.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,318 shares of the financial services provider's stock after selling 2,292 shares during the quarter. Choreo LLC's holdings in Stifel Financial were worth $1,732,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of SF. GAMMA Investing LLC lifted its position 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 valued at $47,000 after acquiring an additional 109 shares during the last quarter. CWM LLC increased its position in Stifel Financial by 3.8% during the third quarter. CWM LLC now owns 3,940 shares of the financial services provider's stock worth $370,000 after buying an additional 145 shares during the last quarter. UMB Bank n.a. increased its position in Stifel Financial by 36.6% during the third quarter. UMB Bank n.a. now owns 870 shares of the financial services provider's stock worth $82,000 after buying an additional 233 shares during the last quarter. Ritholtz Wealth Management acquired a new stake in shares of Stifel Financial in the third quarter valued at about $256,000. Finally, Wedge Capital Management L L P NC lifted its stake in shares of Stifel Financial by 1.2% in the third quarter. Wedge Capital Management L L P NC now owns 19,913 shares of the financial services provider's stock valued at $1,870,000 after buying an additional 234 shares during the period. Institutional investors and hedge funds own 82.01% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on SF shares. 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 note on Thursday, January 30th. TD Cowen lifted 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. UBS Group boosted their price objective 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. 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. Finally, Wells Fargo & Company upped their price target on shares of Stifel Financial from $128.00 to $135.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $117.71.

Stifel Financial Trading Down 1.1 %

Shares of SF traded down $1.25 during trading hours on Tuesday, hitting $108.30. 787,077 shares of the stock were exchanged, compared to its average volume of 735,973. Stifel Financial Corp. has a fifty-two week low of $72.78 and a fifty-two week 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 business has a 50-day moving average of $110.29 and a 200-day moving average of $101.36. The firm has a market capitalization of $11.08 billion, a P/E ratio of 17.35 and a beta of 1.11.

Stifel Financial (NYSE:SF - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share for the quarter, topping 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%. On average, research analysts expect that Stifel Financial Corp. will post 8.26 EPS 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 $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.70%. This is a boost from Stifel Financial's previous quarterly dividend of $0.42. The ex-dividend date is Monday, March 3rd. Stifel Financial's dividend payout ratio (DPR) 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.