Stifel Financial Corp. (NYSE:SF) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. trimmed its position in shares of Stifel Financial Corp. (NYSE:SF) by 4.5% during the fourth quarter, Holdings Channel reports. The firm owned 115,794 shares of the financial services provider’s stock after selling 5,408 shares during the quarter. Corebridge Financial Inc.’s holdings in Stifel Financial were worth $12,283,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. V Square Quantitative Management LLC acquired a new position in Stifel Financial during the 4th quarter worth about $26,000. Versant Capital Management Inc increased its stake in Stifel Financial by 46.5% during the fourth quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 145 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of Stifel Financial by 26.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 528 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 111 shares in the last quarter. Mather Group LLC. boosted its stake in shares of Stifel Financial by 14.6% in the fourth quarter. Mather Group LLC. now owns 707 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 90 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Stifel Financial by 78.9% in the fourth quarter. GAMMA Investing LLC now owns 900 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 397 shares in the last quarter. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Stifel Financial Price Performance

SF stock opened at $101.91 on Wednesday. The business has a 50 day moving average price of $106.57 and a 200 day moving average price of $105.00. 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 stock has a market cap of $10.57 billion, a price-to-earnings ratio of 16.33 and a beta of 1.08. Stifel Financial Corp. has a fifty-two week low of $73.51 and a fifty-two week high of $120.64.

Stifel Financial (NYSE:SF) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.27. Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. Equities research analysts anticipate that Stifel Financial Corp. will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from Stifel Financial’s previous quarterly dividend of $0.42. Stifel Financial’s dividend payout ratio is currently 29.49%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. JMP Securities raised their price target on shares of Stifel Financial from $125.00 to $135.00 and gave the company a “market outperform” rating in a research report on Thursday, January 30th. StockNews.com raised Stifel Financial from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. Citigroup increased their price target on Stifel Financial from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. UBS Group boosted their price objective on Stifel Financial from $116.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company upped their target price on shares of Stifel Financial from $128.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus 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.