Wellington Management Group LLP Has $274.64 Million Holdings in Stifel Financial Corp. (NYSE:SF)

Wellington Management Group LLP boosted its stake in Stifel Financial Corp. (NYSE:SF - Free Report) by 32.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,588,964 shares of the financial services provider's stock after purchasing an additional 630,255 shares during the quarter. Wellington Management Group LLP owned about 2.50% of Stifel Financial worth $274,637,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SF. V Square Quantitative Management LLC bought a new position in Stifel Financial during the fourth quarter worth about $26,000. Versant Capital Management Inc increased its holdings in shares of Stifel Financial by 46.5% in the fourth 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 in 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. Brown Brothers Harriman & Co. lifted its holdings in shares of Stifel Financial by 84.3% during the 4th quarter. Brown Brothers Harriman & Co. now owns 553 shares of the financial services provider's stock valued at $59,000 after purchasing an additional 253 shares in the last quarter. Finally, Mather Group LLC. grew its position in shares of 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 purchasing an additional 90 shares during the period. Institutional investors and hedge funds own 82.01% of the company's stock.

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Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. JMP Securities lifted their price target on shares of Stifel Financial from $125.00 to $135.00 and gave the company a "market outperform" rating in a research note on Thursday, January 30th. 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. The Goldman Sachs Group lowered their target price on Stifel Financial from $121.00 to $105.00 and set a "neutral" rating for the company in a report on Thursday. Wells Fargo & Company boosted their price target on Stifel Financial from $128.00 to $135.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. began coverage on Stifel Financial in a research report on Tuesday, December 10th. They set a "neutral" rating and a $120.00 price objective for the company. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $117.86.

Stifel Financial Stock Down 10.9 %

Shares of NYSE SF traded down $10.50 during mid-day trading on Thursday, hitting $86.01. The company had a trading volume of 1,406,680 shares, compared to its average volume of 631,459. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27. The firm has a 50-day simple moving average of $103.88 and a two-hundred day simple moving average of $105.21. The company has a market capitalization of $8.92 billion, a PE ratio of 13.78 and a beta of 1.08. Stifel Financial Corp. has a one year low of $73.51 and a one year high of $120.64.

Stifel Financial (NYSE:SF - Get Free Report) last posted its quarterly 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%. On average, equities analysts expect that Stifel Financial Corp. will post 8.26 EPS for the current year.

Stifel Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.46 per share. 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 2.14%. The ex-dividend date of this dividend was Monday, March 3rd. Stifel Financial's dividend payout ratio is 29.49%.

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.