Thrivent Financial for Lutherans Sells 2,809 Shares of Stifel Financial Corp. (NYSE:SF)

Thrivent Financial for Lutherans reduced its stake in Stifel Financial Corp. (NYSE:SF - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,123 shares of the financial services provider's stock after selling 2,809 shares during the period. Thrivent Financial for Lutherans' holdings in Stifel Financial were worth $5,104,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Mather Group LLC. grew its position in Stifel Financial by 14.6% in the fourth quarter. Mather Group LLC. now owns 707 shares of the financial services provider's stock worth $75,000 after buying an additional 90 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Stifel Financial by 26.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 528 shares of the financial services provider's stock worth $56,000 after purchasing an additional 111 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Stifel Financial by 46.5% during the fourth quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider's stock valued at $48,000 after purchasing an additional 145 shares during the last quarter. Principal Securities Inc. boosted its position in shares of Stifel Financial by 10.1% in the 4th quarter. Principal Securities Inc. now owns 1,642 shares of the financial services provider's stock valued at $174,000 after purchasing an additional 150 shares during the period. Finally, Rehmann Capital Advisory Group increased its stake in Stifel Financial by 4.9% in the 3rd quarter. Rehmann Capital Advisory Group now owns 3,234 shares of the financial services provider's stock worth $306,000 after purchasing an additional 151 shares in the last quarter. Institutional investors and hedge funds own 82.01% of the company's stock.

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Stifel Financial Stock Down 3.2 %

Shares of SF traded down $3.15 during mid-day trading on Friday, hitting $93.92. 817,664 shares of the company's stock were exchanged, compared to its average volume of 624,138. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. Stifel Financial Corp. has a twelve month low of $73.51 and a twelve month high of $120.64. The firm has a fifty day moving average of $105.66 and a two-hundred day moving average of $104.97. The stock has a market cap of $9.74 billion, a price-to-earnings ratio of 15.05 and a beta of 1.08.

Stifel Financial (NYSE:SF - Get Free Report) last posted its earnings results on Wednesday, January 29th. The financial services provider reported $2.23 EPS 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, sell-side analysts forecast 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 was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.46 dividend. This is a positive change from Stifel Financial's previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Monday, March 3rd. Stifel Financial's payout ratio is 29.49%.

Analyst Ratings Changes

Several research analysts have commented on SF shares. JMP Securities raised their target price on shares of Stifel Financial from $125.00 to $135.00 and gave the stock a "market outperform" rating in a report on Thursday, January 30th. UBS Group lifted their price objective on shares of Stifel Financial from $116.00 to $120.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Citigroup boosted their target price on shares of Stifel Financial from $110.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday, January 10th. StockNews.com raised Stifel Financial from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Finally, Wells Fargo & Company raised their price target on shares of Stifel Financial from $128.00 to $135.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Stifel Financial has a consensus rating of "Hold" and a consensus target price of $117.71.

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.