Stifel Financial Corp. (NYSE:SF) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. decreased its position in shares of Stifel Financial Corp. (NYSE:SF) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,737 shares of the financial services provider’s stock after selling 234 shares during the quarter. Securian Asset Management Inc.’s holdings in Stifel Financial were worth $821,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Barclays PLC boosted its holdings in shares of Stifel Financial by 62.2% during the third quarter. Barclays PLC now owns 107,397 shares of the financial services provider’s stock valued at $10,086,000 after acquiring an additional 41,171 shares during the period. TT International Asset Management LTD acquired a new position in shares of Stifel Financial during the fourth quarter valued at $2,759,000. Larson Financial Group LLC boosted its holdings in shares of Stifel Financial by 4,308.9% during the third quarter. Larson Financial Group LLC now owns 5,423 shares of the financial services provider’s stock valued at $509,000 after acquiring an additional 5,300 shares during the period. FMR LLC boosted its holdings in shares of Stifel Financial by 18.8% during the third quarter. FMR LLC now owns 7,956,412 shares of the financial services provider’s stock valued at $747,107,000 after acquiring an additional 1,256,595 shares during the period. Finally, Park Avenue Securities LLC boosted its holdings in shares of Stifel Financial by 31.1% during the fourth quarter. Park Avenue Securities LLC now owns 18,584 shares of the financial services provider’s stock valued at $1,971,000 after acquiring an additional 4,413 shares during the period. Institutional investors and hedge funds own 82.01% of the company’s stock.

Stifel Financial Price Performance

Shares of Stifel Financial stock opened at $95.25 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27. The company’s 50-day moving average price is $107.73 and its two-hundred day moving average price is $104.24. Stifel Financial Corp. has a 52 week low of $73.51 and a 52 week high of $120.64. The stock has a market cap of $9.88 billion, a PE ratio of 15.26 and a beta of 1.08.

Stifel Financial (NYSE:SF) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.23 EPS 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%. As a group, sell-side analysts anticipate that Stifel Financial Corp. will post 8.26 EPS for the current fiscal year.

Stifel Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.93%. The ex-dividend date is Monday, March 3rd. This is an increase from Stifel Financial’s previous quarterly dividend of $0.42. Stifel Financial’s payout ratio is presently 29.49%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. 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 report on Monday, February 3rd. Citigroup upped their price objective on shares of Stifel Financial from $110.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. JMP Securities upped their price objective on shares of Stifel Financial from $125.00 to $135.00 and gave the stock a “market outperform” rating in a report on Thursday, January 30th. Wells Fargo & Company upped their price objective on shares of Stifel Financial from $128.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Stifel Financial in a report on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target 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.