CANADA LIFE ASSURANCE Co reduced its stake in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 97,729 shares of the financial services provider's stock after selling 6,213 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.10% of Stifel Financial worth $10,361,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of SF. Barclays PLC boosted its holdings in Stifel Financial by 62.2% in the third quarter. Barclays PLC now owns 107,397 shares of the financial services provider's stock valued at $10,086,000 after purchasing an additional 41,171 shares during the last quarter. TT International Asset Management LTD purchased a new position in shares of Stifel Financial during the 4th quarter valued at approximately $2,759,000. V Square Quantitative Management LLC purchased a new position in shares of Stifel Financial during the 4th quarter valued at approximately $26,000. Park Avenue Securities LLC grew its position in shares of Stifel Financial by 31.1% during the fourth quarter. Park Avenue Securities LLC now owns 18,584 shares of the financial services provider's stock worth $1,971,000 after buying an additional 4,413 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Stifel Financial in the fourth quarter worth $849,000. 82.01% of the stock is owned by institutional investors and hedge funds.
Stifel Financial Stock Performance
Shares of Stifel Financial stock traded down $0.01 on Friday, reaching $85.73. 916,923 shares of the company were exchanged, compared to its average volume of 680,655. Stifel Financial Corp. has a 1-year low of $73.27 and a 1-year high of $120.64. The firm has a market cap of $8.89 billion, a price-to-earnings ratio of 13.74 and a beta of 1.00. 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 company's 50-day moving average is $93.19 and its two-hundred day moving average is $103.98.
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 (EPS) for the quarter, missing analysts' consensus estimates of $1.61 by ($1.12). 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 period last year, the company earned $1.49 earnings per share. As a group, research analysts expect that Stifel Financial Corp. will post 8.26 earnings per share for the current fiscal year.
Stifel Financial Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from Stifel Financial's previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a dividend yield of 2.15%. Stifel Financial's dividend payout ratio (DPR) is 35.18%.
Analysts Set New Price Targets
A number of research analysts have commented on SF shares. Citigroup reduced their price objective on shares of Stifel Financial from $125.00 to $105.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. StockNews.com upgraded Stifel Financial from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. UBS Group boosted their price objective on Stifel Financial from $116.00 to $120.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. The Goldman Sachs Group reduced their target price on Stifel Financial from $121.00 to $105.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Finally, JMP Securities decreased their target price on Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Stifel Financial presently has an average rating of "Hold" and a consensus target price of $105.50.
Read Our Latest 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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