Victory Capital Management Inc. cut its position in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 11.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,996 shares of the financial services provider's stock after selling 8,796 shares during the period. Victory Capital Management Inc. owned 0.06% of Stifel Financial worth $6,895,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in Stifel Financial in the 4th quarter valued at approximately $26,000. Versant Capital Management Inc grew its holdings in Stifel Financial by 46.5% in the 4th quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider's stock valued at $48,000 after buying an additional 145 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Stifel Financial by 26.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 528 shares of the financial services provider's stock valued at $56,000 after buying an additional 111 shares during the last quarter. Mather Group LLC. grew its holdings in Stifel Financial by 14.6% in the 4th 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 last quarter. Finally, GAMMA Investing LLC grew its holdings in Stifel Financial by 78.9% in the 4th quarter. GAMMA Investing LLC now owns 900 shares of the financial services provider's stock valued at $95,000 after buying an additional 397 shares during the last quarter. Institutional investors and hedge funds own 82.01% of the company's stock.
Stifel Financial Price Performance
Shares of Stifel Financial stock traded down $0.69 during midday trading on Tuesday, hitting $96.18. 594,864 shares of the company were exchanged, compared to its average volume of 595,149. 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 has a market cap of $9.98 billion, a P/E ratio of 15.41 and a beta of 1.08. Stifel Financial Corp. has a 52 week low of $73.51 and a 52 week high of $120.64. The firm has a 50 day simple moving average of $107.50 and a 200-day simple moving average of $104.44.
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 return on equity of 16.59% and a net margin of 14.00%. Research 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 given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from Stifel Financial's previous quarterly dividend of $0.42. Stifel Financial's dividend payout ratio (DPR) is 29.49%.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the company. UBS Group raised their target price on Stifel Financial from $116.00 to $120.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Citigroup raised their target price on Stifel Financial from $110.00 to $115.00 and gave the company a "neutral" rating in a report on Friday, January 10th. JPMorgan Chase & Co. began coverage on Stifel Financial in a report on Tuesday, December 10th. They issued a "neutral" rating and a $120.00 target price on the stock. Wells Fargo & Company lifted their price objective on Stifel Financial from $128.00 to $135.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Finally, StockNews.com raised Stifel Financial from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $117.71.
Check Out Our Latest Research Report on SF
About Stifel Financial
(
Free Report)
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.
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