1 day Ago By Defense World Staff
Victory Capital Management Inc. lessened its stake in Stifel Financial Corp. (NYSE:SF – Free Report) by 11.
9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,996 shares of the financial services provider’s stock after selling 8,796 shares during the period. Victory Capital Management Inc.
owned about 0.06% of Stifel Financial worth $6,895,000 at the end of the most recent quarter. Several other hedge funds have also bought and sold shares of the stock.
FMR LLC raised its holdings 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 acquiring an additional 1,256,595 shares during the period.
State Street Corp raised its holdings in shares of Stifel Financial by 1.0% during the 3rd quarter. State Street Corp now owns 3,122,342 shares of the financial services provider’s stock worth $293,188,000 after acquiring an additional 31,101 shares during the period.
Stifel Financial Corp raised its holdings in shares of Stifel Financial by 1.5% during the 3rd quarter. Stifel Financial Corp now owns 2,279,267 shares of the financial services provider’s stock worth $214,023,000 after acquiring an additional 33,953 shares during the period.
Wellington Management Group LLP raised its holdings in shares of Stifel Financial by 78.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,958,709 shares of the financial services provider’s stock worth $183,923,000 after acquiring an additional 860,465 shares during the period.
Finally, Geode Capital Management LLC raised its holdings in shares of Stifel Financial by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,696,605 shares of the financial services provider’s stock worth $159,355,000 after acquiring an additional 20,110 shares during the period.
Hedge funds and other institutional investors own 82.01% of the company’s stock. Stifel Financial Price PerformanceShares of NYSE SF opened at $95.
25 on Friday. Stifel Financial Corp. has a fifty-two week low of $72.
87 and a fifty-two week high of $120.64. The business has a 50 day moving average price of $107.
99 and a two-hundred day moving average price of $104.07. The company has a quick ratio of 0.
78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27.
The firm has a market cap of $9.88 billion, a PE ratio of 15.26 and a beta of 1.
08. Stifel Financial (NYSE:SF – Get Free Report) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $2.
23 EPS for the quarter, topping the consensus estimate of $1.96 by $0.27.
Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%.
Sell-side analysts expect that Stifel Financial Corp. will post 8.26 earnings per share for the current fiscal year.
Stifel Financial Increases DividendThe firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.46 per share.
The ex-dividend date is Monday, March 3rd. This represents a $1.84 annualized dividend and a yield of 1.
93%. This is an increase from Stifel Financial’s previous quarterly dividend of $0.42.
Stifel Financial’s payout ratio is presently 29.49%. Analyst Upgrades and DowngradesSeveral brokerages recently issued reports on SF.
JPMorgan Chase & Co. began coverage on shares of Stifel Financial in a report on Tuesday, December 10th. They issued a “neutral” rating and a $120.
00 price objective on the stock. 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 report on Monday, February 3rd. JMP Securities boosted their price objective on shares of Stifel Financial from $125.00 to $135.
00 and gave the company a “market outperform” rating in a report on Thursday, January 30th. StockNews.com upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating in a report on Thursday, March 6th.
Finally, Wells Fargo & Company lifted their target price on Stifel Financial from $128.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th.
Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Stifel Financial presently has an average rating of “Hold” and an average target price of $117.71.
View Our Latest Stock Analysis on Stifel FinancialAbout 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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