Handelsbanken Fonder AB grew its holdings in shares of Stifel Financial Corp. (NYSE:SF – Free Report) by 8.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,032 shares of the financial services provider’s stock after buying an additional 1,900 shares during the period. Handelsbanken Fonder AB’s holdings in Stifel Financial were worth $2,655,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC lifted 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 buying an additional 1,256,595 shares during the period. Wellington Management Group LLP raised its position in shares of Stifel Financial by 78.3% in 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 in the last quarter. Icon Wealth Advisors LLC purchased a new position in shares of Stifel Financial in the 3rd quarter valued at approximately $12,290,000. Fisher Asset Management LLC boosted its position in shares of Stifel Financial by 4.7% during the third quarter. Fisher Asset Management LLC now owns 1,464,421 shares of the financial services provider’s stock valued at $137,509,000 after purchasing an additional 65,113 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in Stifel Financial by 316.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 69,761 shares of the financial services provider’s stock worth $7,400,000 after purchasing an additional 52,991 shares during the period. Institutional investors own 82.01% of the company’s stock.
Stifel Financial Trading Up 1.5 %
Shares of NYSE SF opened at $105.49 on Tuesday. The firm’s 50 day moving average price is $109.68 and its 200-day moving average price is $102.96. Stifel Financial Corp. has a 52-week low of $72.78 and a 52-week high of $120.64. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. The company has a market cap of $10.80 billion, a PE ratio of 16.91 and a beta of 1.11.
Stifel Financial Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.74%. This is an increase from Stifel Financial’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, March 3rd. Stifel Financial’s dividend payout ratio (DPR) is presently 29.49%.
Wall Street Analyst Weigh In
SF has been the subject of several recent research reports. JPMorgan Chase & Co. initiated coverage on Stifel Financial in a research report on Tuesday, December 10th. They set a “neutral” rating and a $120.00 price objective for the company. UBS Group increased their price target on shares of Stifel Financial from $116.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. JMP Securities boosted their price objective on shares of Stifel Financial from $125.00 to $135.00 and gave the stock a “market outperform” rating in a research note on Thursday, January 30th. Citigroup raised their target price on shares of Stifel Financial from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. Finally, Wells Fargo & Company boosted 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. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $117.71.
Get Our Latest Research Report on SF
Stifel Financial 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.
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