Brandywine Global Investment Management LLC lifted its position in Stifel Financial Corp (NYSE:SF) by 19.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 214,057 shares of the financial services provider’s stock after buying an additional 34,362 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.31% of Stifel Financial worth $12,750,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Stifel Financial Corp lifted its holdings in Stifel Financial by 1,010.0% in the 3rd quarter. Stifel Financial Corp now owns 1,373,271 shares of the financial services provider’s stock worth $73,418,000 after purchasing an additional 1,249,556 shares during the last quarter. Carillon Tower Advisers Inc. acquired a new stake in Stifel Financial in the 4th quarter worth approximately $41,045,000. American Century Companies Inc. acquired a new stake in Stifel Financial in the 3rd quarter worth approximately $18,226,000. Mesirow Financial Investment Management Equity Management acquired a new stake in Stifel Financial in the 4th quarter worth approximately $16,289,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Stifel Financial by 9.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,061,808 shares of the financial services provider’s stock worth $163,684,000 after purchasing an additional 257,689 shares during the last quarter. 85.87% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently weighed in on SF shares. Wells Fargo & Co boosted their target price on Stifel Financial from $64.00 to $70.00 in a report on Thursday, January 4th. Goldman Sachs Group upgraded Stifel Financial from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $56.00 to $77.00 in a report on Monday, January 8th. Nomura boosted their target price on Stifel Financial from $77.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Zacks Investment Research upgraded Stifel Financial from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a report on Friday, January 5th. Finally, Instinet upgraded Stifel Financial from a “neutral” rating to a “buy” rating in a report on Wednesday, January 3rd. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Stifel Financial currently has an average rating of “Buy” and an average target price of $67.67.
Stifel Financial (NYSE:SF) last issued its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.55. Stifel Financial had a return on equity of 12.04% and a net margin of 6.25%. The company had revenue of $804.10 million during the quarter, compared to analyst estimates of $745.44 million. During the same period in the previous year, the company earned $0.68 earnings per share. The company’s quarterly revenue was up 21.6% compared to the same quarter last year. equities research analysts anticipate that Stifel Financial Corp will post 5.1 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This is a positive change from Stifel Financial’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.71%. Stifel Financial’s payout ratio is 17.39%.
In other news, Vice Chairman Ben A. Plotkin sold 9,012 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $63.30, for a total transaction of $570,459.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.60% of the stock is owned by insiders.
Stifel Financial Company Profile
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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