First Horizon Advisors Inc. Has $67,000 Holdings in Stifel Financial Corp. (NYSE:SF)

First Horizon Advisors Inc. trimmed its position in shares of Stifel Financial Corp. (NYSE:SF) by 13.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 633 shares of the financial services provider’s stock after selling 98 shares during the period. First Horizon Advisors Inc.’s holdings in Stifel Financial were worth $67,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in shares of Stifel Financial in the fourth quarter valued at about $26,000. Versant Capital Management Inc boosted its position in shares of Stifel Financial by 46.5% in the fourth quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 145 shares during the period. Mather Group LLC. boosted its position 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 acquiring an additional 90 shares during the period. GAMMA Investing LLC boosted its position 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 acquiring an additional 397 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in shares of Stifel Financial by 148.1% in the third quarter. Farther Finance Advisors LLC now owns 1,201 shares of the financial services provider’s stock valued at $113,000 after acquiring an additional 717 shares during the period. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SF shares. 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 research report on Monday, February 3rd. JPMorgan Chase & Co. assumed coverage on Stifel Financial in a research note on Tuesday, December 10th. They set a “neutral” rating and a $120.00 target price for the company. Wells Fargo & Company boosted their target price on Stifel Financial from $128.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Citigroup upped their price objective on Stifel Financial from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. Finally, StockNews.com raised Stifel Financial from a “hold” rating to a “buy” rating in a research note on Tuesday. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $117.71.

Stifel Financial Stock Performance

NYSE:SF opened at $103.94 on Friday. The company has a market capitalization of $10.64 billion, a PE ratio of 16.66 and a beta of 1.11. Stifel Financial Corp. has a fifty-two week low of $72.78 and a fifty-two week high of $120.64. The company has a 50 day simple moving average of $109.70 and a two-hundred day simple moving average of $103.13. 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 (NYSE:SF) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.27. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. Research analysts anticipate that Stifel Financial Corp. will post 8.26 earnings per share for the current year.

Stifel Financial Increases Dividend

The company also recently announced 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 is a boost from Stifel Financial’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Monday, March 3rd. Stifel Financial’s dividend payout ratio (DPR) is currently 29.49%.

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.