Charles Schwab Investment Management Inc. cut its stake in Stifel Financial Corp. (NYSE:SF - Free Report) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,234,326 shares of the financial services provider's stock after selling 12,690 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.21% of Stifel Financial worth $130,937,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the stock. FMR LLC boosted its stake in Stifel Financial by 18.8% in the 3rd quarter. FMR LLC now owns 7,956,412 shares of the financial services provider's stock valued at $747,107,000 after purchasing an additional 1,256,595 shares during the period. Wellington Management Group LLP boosted its position in shares of Stifel Financial by 78.3% in the third quarter. Wellington Management Group LLP now owns 1,958,709 shares of the financial services provider's stock valued at $183,923,000 after acquiring an additional 860,465 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Stifel Financial in the fourth quarter valued at about $162,000. Icon Wealth Advisors LLC bought a new position in Stifel Financial during the third quarter worth about $12,290,000. Finally, Fisher Asset Management LLC increased its position in Stifel Financial by 5.2% during the fourth quarter. Fisher Asset Management LLC now owns 1,540,584 shares of the financial services provider's stock worth $163,425,000 after acquiring an additional 76,163 shares during the period. Institutional investors and hedge funds own 82.01% of the company's stock.
A number of research firms have issued reports on SF. JMP Securities increased their target price on shares of Stifel Financial from $125.00 to $135.00 and gave the stock a "market outperform" rating in a research report on Thursday, January 30th. Citigroup increased their price target on Stifel Financial from $110.00 to $115.00 and gave the stock a "neutral" rating in a research report on Friday, January 10th. UBS Group lifted their price objective on Stifel Financial from $116.00 to $120.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. JPMorgan Chase & Co. assumed coverage on Stifel Financial in a report on Tuesday, December 10th. They set a "neutral" rating and a $120.00 target price on the stock. Finally, Wells Fargo & Company raised their price target on Stifel Financial from $128.00 to $135.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $117.71.
Check Out Our Latest Stock Report on SF
Stifel Financial stock opened at $96.45 on Friday. The stock has a fifty day moving average of $109.00 and a 200-day moving average of $103.99. The stock has a market capitalization of $10.01 billion, a P/E ratio of 15.46 and a beta of 1.08. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. Stifel Financial Corp. has a 52 week low of $72.78 and a 52 week high of $120.64.
Stifel Financial (NYSE:SF - Get Free Report) last posted its earnings results on Wednesday, January 29th. The financial services provider reported $2.23 EPS for the quarter, topping analysts' consensus estimates of $1.96 by $0.27. Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. On average, sell-side analysts expect that Stifel Financial Corp. will post 8.26 earnings per share for the current fiscal year.
The business 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. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Monday, March 3rd. This is a boost from Stifel Financial's previous quarterly dividend of $0.42. Stifel Financial's payout ratio is presently 29.49%.
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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