The Manufacturers Life Insurance Company Has $8.78 Million Holdings in Stifel Financial Corp. (NYSE:SF)

The Manufacturers Life Insurance Company decreased its position in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,801 shares of the financial services provider's stock after selling 2,852 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.08% of Stifel Financial worth $8,784,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of SF. Barclays PLC grew its holdings in shares of 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 during the period. TT International Asset Management LTD acquired a new stake in shares of Stifel Financial during the fourth quarter valued at about $2,759,000. V Square Quantitative Management LLC purchased a new stake in shares of Stifel Financial in the 4th quarter valued at approximately $26,000. Park Avenue Securities LLC lifted its holdings in shares of Stifel Financial by 31.1% in the 4th quarter. Park Avenue Securities LLC now owns 18,584 shares of the financial services provider's stock worth $1,971,000 after acquiring an additional 4,413 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in Stifel Financial in the 4th quarter valued at approximately $849,000. Institutional investors and hedge funds own 82.01% of the company's stock.

Stifel Financial Stock Down 0.2 %

SF stock traded down $0.17 during midday trading on Friday, hitting $91.39. 414,796 shares of the company's stock were exchanged, compared to its average volume of 678,410. The firm has a 50 day moving average price of $89.88 and a 200-day moving average price of $103.10. Stifel Financial Corp. has a 12-month low of $73.27 and a 12-month high of $120.64. The stock has a market capitalization of $9.42 billion, a price-to-earnings ratio of 14.65 and a beta of 1.07. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27.

Stifel Financial (NYSE:SF - Get Free Report) last released its earnings results 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). The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.32 billion. Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. The firm's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.49 EPS. On average, analysts anticipate that Stifel Financial Corp. will post 8.26 EPS for the current year.

Stifel Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given 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 presently 35.18%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SF shares. The Goldman Sachs Group decreased their target price on Stifel Financial from $121.00 to $105.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. JPMorgan Chase & Co. lowered 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 note on Friday, April 11th. UBS Group upped their target price on shares of Stifel Financial from $116.00 to $120.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Citigroup dropped their price target on shares of Stifel Financial from $125.00 to $105.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Finally, StockNews.com upgraded Stifel Financial from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $105.50.

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.