Stifel Financial Corp. (NYSE:SF) Stake Lowered by Choreo LLC

Choreo LLC reduced its stake in shares of Stifel Financial Corp. (NYSE:SF) by 12.3% during the 4th quarter, HoldingsChannel reports. The fund owned 16,318 shares of the financial services provider’s stock after selling 2,292 shares during the period. Choreo LLC’s holdings in Stifel Financial were worth $1,732,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Barclays PLC grew its holdings in shares of Stifel Financial by 62.2% during the 3rd quarter. Barclays PLC now owns 107,397 shares of the financial services provider’s stock valued at $10,086,000 after acquiring an additional 41,171 shares in the last quarter. TT International Asset Management LTD purchased a new position in shares of Stifel Financial during the 4th quarter valued at $2,759,000. Curi RMB Capital LLC grew its holdings in shares of Stifel Financial by 15.7% during the 3rd quarter. Curi RMB Capital LLC now owns 69,301 shares of the financial services provider’s stock valued at $6,507,000 after acquiring an additional 9,396 shares in the last quarter. Larson Financial Group LLC boosted its holdings in Stifel Financial by 4,308.9% in the third quarter. Larson Financial Group LLC now owns 5,423 shares of the financial services provider’s stock worth $509,000 after purchasing an additional 5,300 shares in the last quarter. Finally, FMR LLC boosted its holdings in Stifel Financial by 18.8% in the third 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 in the last quarter. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, COO David D. Sliney sold 25,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $116.18, for a total transaction of $2,904,500.00. Following the completion of the transaction, the chief operating officer now owns 159,619 shares of the company’s stock, valued at approximately $18,544,535.42. This represents a 13.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.57% of the stock is owned by company insiders.

Stifel Financial Stock Down 0.8 %

SF stock opened at $113.44 on Friday. 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 52-week low of $72.78 and a 52-week high of $120.64. The company has a 50-day moving average of $110.55 and a two-hundred day moving average of $100.60. The stock has a market capitalization of $11.61 billion, a price-to-earnings ratio of 18.18 and a beta of 1.11.

Stifel Financial (NYSE:SF) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts anticipate that Stifel Financial Corp. will post 7.91 EPS for the current year.

Stifel Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.62%. This is a positive change from Stifel Financial’s previous quarterly dividend of $0.42. Stifel Financial’s dividend payout ratio is currently 26.92%.

Analysts Set New Price Targets

SF has been the subject of a number of recent research reports. UBS Group upped their price objective on shares of Stifel Financial from $116.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. JMP Securities upped their price objective on shares of Stifel Financial from $125.00 to $135.00 and gave the stock a “market outperform” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. initiated coverage on shares of Stifel Financial in a report on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 price objective for the company. TD Cowen upped their price objective on shares of Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Thursday, October 24th. Finally, Citigroup upped their price objective on shares of Stifel Financial from $110.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $117.71.

Stifel Financial Company Profile

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.