Earnest Partners LLC trimmed its holdings in Stifel Financial Corp (NYSE:SF) by 4.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,618,376 shares of the financial services provider’s stock after selling 75,421 shares during the quarter. Earnest Partners LLC owned about 2.36% of Stifel Financial worth $96,390,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of SF. Teachers Retirement System of The State of Kentucky boosted its stake in Stifel Financial by 35.0% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 15,810 shares of the financial services provider’s stock valued at $942,000 after purchasing an additional 4,100 shares in the last quarter. Guggenheim Capital LLC boosted its stake in Stifel Financial by 18.9% during the 4th quarter. Guggenheim Capital LLC now owns 38,836 shares of the financial services provider’s stock valued at $2,314,000 after purchasing an additional 6,164 shares in the last quarter. Deutsche Bank AG boosted its stake in Stifel Financial by 168.7% during the 4th quarter. Deutsche Bank AG now owns 251,708 shares of the financial services provider’s stock valued at $14,989,000 after purchasing an additional 158,044 shares in the last quarter. Brandywine Global Investment Management LLC boosted its stake in Stifel Financial by 19.1% during the 4th quarter. Brandywine Global Investment Management LLC now owns 214,057 shares of the financial services provider’s stock valued at $12,750,000 after purchasing an additional 34,362 shares in the last quarter. Finally, Advisor Group Inc. boosted its stake in Stifel Financial by 19.3% during the 4th quarter. Advisor Group Inc. now owns 7,198 shares of the financial services provider’s stock valued at $429,000 after purchasing an additional 1,164 shares in the last quarter. 85.87% of the stock is owned by institutional investors and hedge funds.
SF has been the subject of several research reports. Wells Fargo & Co raised their price objective on Stifel Financial from $64.00 to $70.00 in a research note on Thursday, January 4th. Goldman Sachs Group raised Stifel Financial from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $56.00 to $77.00 in a research note on Monday, January 8th. Nomura raised their price objective on Stifel Financial from $77.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Zacks Investment Research raised Stifel Financial from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research note on Friday, January 5th. Finally, Instinet raised Stifel Financial from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 3rd. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $67.67.
Shares of Stifel Financial Corp (NYSE:SF) opened at $67.71 on Monday. The firm has a market capitalization of $4,865.02, a price-to-earnings ratio of 31.64, a PEG ratio of 1.11 and a beta of 1.67. Stifel Financial Corp has a one year low of $41.93 and a one year high of $68.76. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.62 and a current ratio of 0.69.
Stifel Financial (NYSE:SF) last released its earnings results on Tuesday, January 30th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.55. The company had revenue of $804.10 million during the quarter, compared to analyst estimates of $745.44 million. Stifel Financial had a return on equity of 12.04% and a net margin of 6.25%. The company’s revenue for the quarter was up 21.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 earnings per share. research analysts anticipate that Stifel Financial Corp will post 5.1 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.71%. This is a positive change from Stifel Financial’s previous quarterly dividend of $0.10. Stifel Financial’s dividend payout ratio is presently 22.43%.
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About Stifel Financial
Stifel Financial Corp. is a financial holding company. Its principal subsidiary is Stifel, Nicolaus & Company, Incorporated, a retail and institutional wealth management and investment banking firm. It operates through three segments: Global Wealth Management, Institutional Group and Other. The Global Wealth Management segment consists of the Private Client Group and Stifel Bank businesses.
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