Y Intercept Hong Kong Ltd Buys Shares of 10,764 Stifel Financial Corp. (NYSE:SF)

Y Intercept Hong Kong Ltd bought a new position in shares of Stifel Financial Corp. (NYSE:SF - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,764 shares of the financial services provider's stock, valued at approximately $1,142,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in SF. Mather Group LLC. grew its stake in shares of Stifel Financial by 14.6% during the fourth quarter. Mather Group LLC. now owns 707 shares of the financial services provider's stock worth $75,000 after purchasing an additional 90 shares during the period. CIBC Asset Management Inc grew its stake in shares of Stifel Financial by 3.5% during the third quarter. CIBC Asset Management Inc now owns 3,019 shares of the financial services provider's stock worth $283,000 after purchasing an additional 102 shares during the period. Versant Capital Management Inc grew its stake 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 worth $48,000 after purchasing an additional 145 shares during the period. Principal Securities Inc. grew its stake in shares of Stifel Financial by 10.1% during the fourth quarter. Principal Securities Inc. now owns 1,642 shares of the financial services provider's stock worth $174,000 after purchasing an additional 150 shares during the period. Finally, Rehmann Capital Advisory Group grew its stake in shares of Stifel Financial by 4.9% during the third 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 during the period. Institutional investors own 82.01% of the company's stock.

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Wall Street Analyst Weigh In

SF has been the subject of a number of analyst reports. 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 research note on Thursday, January 30th. StockNews.com raised Stifel Financial from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. UBS Group boosted their target price on Stifel Financial from $116.00 to $120.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. JMP Securities boosted their target price on Stifel Financial from $125.00 to $135.00 and gave the company a "market outperform" rating in a research note on Thursday, January 30th. Finally, Citigroup boosted their target price on Stifel Financial from $110.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday, January 10th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $117.71.

Stifel Financial Stock Up 2.0 %

Shares of SF stock traded up $2.06 on Friday, hitting $106.10. 596,463 shares of the stock were exchanged, compared to its average volume of 722,045. 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 market capitalization of $10.86 billion, a P/E ratio of 17.00 and a beta of 1.11. The business has a 50-day moving average of $109.73 and a 200 day moving average of $103.31. Stifel Financial Corp. has a fifty-two week low of $72.78 and a fifty-two week high of $120.64.

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 return on equity of 16.59% and a net margin of 14.00%. Equities analysts anticipate that Stifel Financial Corp. will post 8.26 EPS for the current year.

Stifel Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.73%. The ex-dividend date is Monday, March 3rd. This is a positive change from Stifel Financial's previous quarterly dividend of $0.42. Stifel Financial's dividend payout ratio is presently 29.49%.

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.