Bank of America Corp DE Grows Stock Holdings in Stifel Financial Corp. (NYSE:SF)

Bank of America Corp DE increased its stake in Stifel Financial Corp. (NYSE:SF - Free Report) by 2.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,030,348 shares of the financial services provider's stock after buying an additional 29,344 shares during the period. Bank of America Corp DE owned 1.01% of Stifel Financial worth $109,299,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SF. Barclays PLC grew its stake in shares of Stifel Financial by 62.2% in the third quarter. Barclays PLC now owns 107,397 shares of the financial services provider's stock worth $10,086,000 after acquiring an additional 41,171 shares during the last quarter. Tidal Investments LLC boosted its stake in Stifel Financial by 13.7% in the 3rd quarter. Tidal Investments LLC now owns 3,877 shares of the financial services provider's stock worth $364,000 after purchasing an additional 467 shares in the last quarter. Franklin Resources Inc. grew its position in Stifel Financial by 9.7% during the 3rd quarter. Franklin Resources Inc. now owns 44,113 shares of the financial services provider's stock valued at $4,336,000 after purchasing an additional 3,887 shares during the last quarter. GAMMA Investing LLC increased its stake in Stifel Financial by 78.9% during the 4th quarter. GAMMA Investing LLC now owns 900 shares of the financial services provider's stock valued at $95,000 after purchasing an additional 397 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Stifel Financial by 16.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,448 shares of the financial services provider's stock worth $578,000 after buying an additional 779 shares during the last quarter. Institutional investors own 82.01% of the company's stock.

Stifel Financial Stock Down 0.2 %

SF stock opened at $91.39 on Friday. The business's 50-day moving average is $89.88 and its two-hundred day moving average is $103.11. The company has a market cap of $9.42 billion, a price-to-earnings ratio of 14.65 and a beta of 1.07. Stifel Financial Corp. has a fifty-two week low of $73.27 and a fifty-two week 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.

Stifel Financial (NYSE:SF - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($1.15). Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the company earned $1.49 EPS. Stifel Financial's revenue for the quarter was up 7.9% on a year-over-year basis. As a group, analysts forecast that Stifel Financial Corp. will post 8.26 earnings per share for the current year.

Stifel Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a $0.46 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.84 annualized dividend and a dividend yield of 2.01%. Stifel Financial's dividend payout ratio (DPR) is 35.18%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. JMP Securities cut their price target on shares of Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. The Goldman Sachs Group reduced 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, April 3rd. Wolfe Research upgraded Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 price target for the company in a research note on Thursday, April 24th. Citigroup dropped their price objective on Stifel Financial from $125.00 to $105.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Finally, TD Cowen decreased their target price on Stifel Financial from $124.00 to $84.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Stifel Financial presently has a consensus rating of "Hold" and a consensus target price of $105.50.

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.

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