Foundations Investment Advisors LLC Has $237,000 Holdings in Stifel Financial Corp. (NYSE:SF)

Foundations Investment Advisors LLC trimmed its position in shares of Stifel Financial Corp. (NYSE:SF) by 5.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,231 shares of the financial services provider’s stock after selling 139 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Stifel Financial were worth $237,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SF. FMR LLC grew its position in Stifel Financial by 18.8% during the 3rd quarter. FMR LLC now owns 7,956,412 shares of the financial services provider’s stock worth $747,107,000 after acquiring an additional 1,256,595 shares during the last quarter. Wellington Management Group LLP boosted its stake in 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 worth $183,923,000 after purchasing an additional 860,465 shares in the last quarter. Icon Wealth Advisors LLC bought a new stake in shares of Stifel Financial during the third quarter worth $12,290,000. Fisher Asset Management LLC increased its stake in shares of Stifel Financial by 4.7% in 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 buying an additional 65,113 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of 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 valued at $7,400,000 after buying an additional 52,991 shares during the last quarter. Institutional investors and hedge funds own 82.01% of the company’s stock.

Stifel Financial Stock Performance

SF stock opened at $115.81 on Friday. Stifel Financial Corp. has a twelve month low of $71.36 and a twelve month high of $120.64. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. The company has a market cap of $11.85 billion, a P/E ratio of 18.56 and a beta of 1.11. The business’s fifty day moving average is $110.84 and its 200-day moving average is $99.78.

Stifel Financial (NYSE:SF) last released its earnings results on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.27. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. Equities research analysts forecast that Stifel Financial Corp. will post 7.87 EPS for the current year.

Stifel Financial Increases Dividend

The company 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 dividend of $0.46 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.84 dividend on an annualized basis and a yield of 1.59%. This is a boost from Stifel Financial’s previous quarterly dividend of $0.42. Stifel Financial’s payout ratio is currently 26.92%.

Wall Street Analyst Weigh In

SF has been the topic of a number of research analyst reports. TD Cowen increased 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. Wells Fargo & Company increased their price target on shares of Stifel Financial from $128.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday. Citigroup boosted their price objective on shares of Stifel Financial from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. JMP Securities increased their price objective on Stifel Financial from $125.00 to $135.00 and gave the company a “market outperform” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. began coverage on Stifel Financial in a research report on Tuesday, December 10th. They set a “neutral” rating and a $120.00 target price for the company. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $117.33.

Insider Buying and Selling at Stifel Financial

In other news, COO David D. Sliney sold 25,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $116.18, for a total value 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 $18,544,535.42. The trade was a 13.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.57% of the company’s stock.

About Stifel Financial

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.