Bank of New York Mellon Corp Sells 86,187 Shares of Stifel Financial Corp. (NYSE:SF)

Bank of New York Mellon Corp lowered its position in shares of Stifel Financial Corp. (NYSE:SF) by 7.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,005,778 shares of the financial services provider’s stock after selling 86,187 shares during the period. Bank of New York Mellon Corp’s holdings in Stifel Financial were worth $106,693,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in SF. V Square Quantitative Management LLC acquired a new stake in Stifel Financial during the fourth quarter worth approximately $26,000. Versant Capital Management Inc grew its position 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 buying an additional 145 shares in the last quarter. Mather Group LLC. grew its position in Stifel Financial by 14.6% during the fourth quarter. Mather Group LLC. now owns 707 shares of the financial services provider’s stock worth $75,000 after buying an additional 90 shares in the last quarter. GAMMA Investing LLC grew its position in Stifel Financial by 78.9% during the fourth quarter. GAMMA Investing LLC now owns 900 shares of the financial services provider’s stock worth $95,000 after buying an additional 397 shares in the last quarter. Finally, UMB Bank n.a. grew its position in Stifel Financial by 24.1% during the fourth quarter. UMB Bank n.a. now owns 1,080 shares of the financial services provider’s stock worth $115,000 after buying an additional 210 shares in the last quarter. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Trading Up 2.0 %

NYSE SF opened at $106.10 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. Stifel Financial Corp. has a twelve month low of $72.78 and a twelve month high of $120.64. The company has a market cap of $10.86 billion, a price-to-earnings ratio of 17.00 and a beta of 1.11. The business’s fifty day moving average is $109.73 and its 200 day moving average is $103.31.

Stifel Financial (NYSE:SF) last released its quarterly earnings data 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%. As a group, sell-side analysts expect that Stifel Financial Corp. will post 8.26 EPS for the current fiscal 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. 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. This represents a $1.84 annualized dividend and a dividend yield of 1.73%. Stifel Financial’s dividend payout ratio (DPR) is 29.49%.

Analyst Ratings Changes

SF has been the topic of a number of analyst reports. Citigroup increased their price target on Stifel Financial from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Wells Fargo & Company increased 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. JMP Securities raised their target price on Stifel Financial from $125.00 to $135.00 and gave the company a “market outperform” rating in a report on Thursday, January 30th. UBS Group raised their target price on Stifel Financial from $116.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. began coverage on Stifel Financial in a report on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 target price on the stock. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Stifel Financial presently has a consensus rating of “Hold” and an average target price of $117.71.

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.