DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Decreases Stake in Stifel Financial Corp. (NYSE:SF)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main decreased its holdings in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 64.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,918 shares of the financial services provider's stock after selling 3,509 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Stifel Financial were worth $203,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Barclays PLC grew its holdings in Stifel Financial by 62.2% in the 3rd quarter. Barclays PLC now owns 107,397 shares of the financial services provider's stock valued at $10,086,000 after buying an additional 41,171 shares in the last quarter. Tidal Investments LLC increased its position in Stifel Financial by 13.7% during the third 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 during the last quarter. Franklin Resources Inc. raised its stake in Stifel Financial by 9.7% during the third quarter. Franklin Resources Inc. now owns 44,113 shares of the financial services provider's stock worth $4,336,000 after purchasing an additional 3,887 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Stifel Financial by 16.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,448 shares of the financial services provider's stock valued at $578,000 after buying an additional 779 shares during the period. Finally, TT International Asset Management LTD acquired a new stake in shares of Stifel Financial during the 4th quarter worth approximately $2,759,000. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Wells Fargo & Company decreased their price objective on Stifel Financial from $106.00 to $102.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. StockNews.com raised Stifel Financial from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. JMP Securities cut their price objective 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. Wolfe Research raised shares of Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 target price on the stock in a research report on Thursday, April 24th. Finally, TD Cowen dropped their price target on shares of 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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Stifel Financial has an average rating of "Hold" and a consensus target price of $105.50.

Stifel Financial Stock Up 7.6%

Shares of NYSE:SF opened at $98.30 on Tuesday. The firm has a market capitalization of $10.13 billion, a PE ratio of 15.75 and a beta of 1.07. Stifel Financial Corp. has a 1 year low of $73.27 and a 1 year high of $120.64. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78. The firm's 50-day moving average is $89.83 and its two-hundred day moving average is $103.07.

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

Stifel Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.84 annualized dividend and a yield of 1.87%. Stifel Financial's dividend payout ratio (DPR) is 35.18%.

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.

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