Wells Fargo & Company MN Reduces Stock Holdings in Stifel Financial Corp. (NYSE:SF)

Wells Fargo & Company MN decreased its position in Stifel Financial Corp. (NYSE:SF - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 315,302 shares of the financial services provider's stock after selling 11,072 shares during the quarter. Wells Fargo & Company MN owned 0.31% of Stifel Financial worth $33,447,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Verition Fund Management LLC acquired a new stake in shares of Stifel Financial in the 3rd quarter valued at $385,000. Kovitz Investment Group Partners LLC raised its stake in Stifel Financial by 23.6% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 3,962 shares of the financial services provider's stock worth $360,000 after buying an additional 757 shares during the period. MML Investors Services LLC lifted its holdings in shares of Stifel Financial by 3.0% during the 3rd quarter. MML Investors Services LLC now owns 28,521 shares of the financial services provider's stock valued at $2,678,000 after purchasing an additional 820 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Stifel Financial by 2.7% in the third quarter. Public Employees Retirement System of Ohio now owns 40,060 shares of the financial services provider's stock valued at $3,762,000 after buying an additional 1,053 shares during the period. Finally, Barclays PLC increased its holdings in Stifel Financial by 62.2% during the 3rd quarter. Barclays PLC now owns 107,397 shares of the financial services provider's stock worth $10,086,000 after purchasing an additional 41,171 shares in the last quarter. Institutional investors own 82.01% of the company's stock.

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Stifel Financial Trading Up 1.8 %

Shares of Stifel Financial stock traded up $1.53 on Tuesday, hitting $85.86. The stock had a trading volume of 819,990 shares, compared to its average volume of 660,932. Stifel Financial Corp. has a twelve month low of $73.27 and a twelve month high of $120.64. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. The firm has a market capitalization of $8.91 billion, a P/E ratio of 13.76 and a beta of 1.00. The stock has a 50 day moving average of $97.84 and a 200 day moving average of $104.63.

Stifel Financial (NYSE:SF - Get Free Report) last released its earnings results on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.96 by $0.27. Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. Sell-side analysts expect that Stifel Financial Corp. will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date was Monday, March 3rd. This is a positive change from Stifel Financial's previous quarterly dividend of $0.42. Stifel Financial's dividend payout ratio (DPR) is currently 29.49%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SF shares. Wells Fargo & Company reduced their target price on shares of Stifel Financial from $135.00 to $106.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. reduced their price objective on shares of Stifel Financial from $123.00 to $100.00 and set a "neutral" rating for the company in a research report on Friday. JMP Securities dropped their price target on Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. The Goldman Sachs Group decreased their target price on shares of Stifel Financial from $121.00 to $105.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Finally, StockNews.com upgraded Stifel Financial from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Stifel Financial has a consensus rating of "Hold" and an average target price of $105.71.

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.