2 weeks Ago By ABMN Staff
Thrivent Financial for Lutherans lowered its holdings in shares of Stifel Financial Corp. ( NYSE:SF – Free Report ) by 5.5% in the fourth quarter, HoldingsChannel.
com reports. The fund owned 48,123 shares of the financial services provider’s stock after selling 2,809 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Stifel Financial were worth $5,104,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Barclays PLC lifted its stake 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. TT International Asset Management LTD acquired a new stake in shares of Stifel Financial during the fourth quarter valued at $2,759,000. V Square Quantitative Management LLC acquired a new stake in shares of Stifel Financial during the fourth quarter valued at $26,000.
Larson Financial Group LLC raised its stake in Stifel Financial by 4,308.9% in the 3rd quarter. Larson Financial Group LLC now owns 5,423 shares of the financial services provider’s stock valued at $509,000 after purchasing an additional 5,300 shares during the last quarter.
Finally, FMR LLC boosted its stake in shares of Stifel Financial by 18.8% during the 3rd quarter. FMR LLC now owns 7,956,412 shares of the financial services provider’s stock worth $747,107,000 after purchasing an additional 1,256,595 shares during the last quarter.
Hedge funds and other institutional investors own 82.01% of the company’s stock. Analyst Upgrades and Downgrades A number of equities analysts have recently weighed in on SF shares.
UBS Group boosted their price objective on shares of Stifel Financial from $116.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd.
JPMorgan Chase & Co. started coverage on Stifel Financial in a report on Tuesday, December 10th. They set a “neutral” rating and a $120.
00 price objective on the stock. Wells Fargo & Company upped their target price on Stifel Financial from $128.00 to $135.
00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Citigroup raised their price target on Stifel Financial from $110.00 to $115.
00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. Finally, StockNews.com raised shares of Stifel Financial from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th.
Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $117.71.
Stifel Financial Stock Performance Stifel Financial stock opened at $102.23 on Tuesday. The company has a debt-to-equity ratio of 0.
27, a current ratio of 0.82 and a quick ratio of 0.78.
Stifel Financial Corp. has a 12 month low of $73.51 and a 12 month high of $120.
64. The company has a market cap of $10.61 billion, a price-to-earnings ratio of 16.
38 and a beta of 1.08. The stock’s 50-day moving average is $106.
69 and its 200-day moving average is $104.87. Stifel Financial ( NYSE:SF – Get Free Report ) last posted its quarterly earnings results on Wednesday, January 29th.
The financial services provider reported $2.23 EPS for the quarter, beating the consensus estimate of $1.96 by $0.
27. Stifel Financial had a net margin of 14.00% and a return on equity of 16.
59%. Equities analysts anticipate that Stifel Financial Corp. will post 8.
26 earnings per share for the current year. Stifel Financial Increases Dividend The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.
46 dividend. This is an increase from Stifel Financial’s previous quarterly dividend of $0.42.
This represents a $1.84 annualized dividend and a yield of 1.80%.
The ex-dividend date was Monday, March 3rd. Stifel Financial’s dividend payout ratio is currently 29.49%.
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.
Further Reading Want to see what other hedge funds are holding SF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stifel Financial Corp. ( NYSE:SF – Free Report ).
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