Boston Partners Sells 2,514 Shares of Stifel Financial Corp. (NYSE:SF)

Boston Partners lessened its holdings in Stifel Financial Corp. (NYSE:SF) by 13.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,863 shares of the financial services provider’s stock after selling 2,514 shares during the quarter. Boston Partners’ holdings in Stifel Financial were worth $1,789,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. GSA Capital Partners LLP bought a new stake in Stifel Financial in the third quarter valued at about $235,000. CIBC Asset Management Inc grew its stake in shares of Stifel Financial by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 3,019 shares of the financial services provider’s stock valued at $283,000 after purchasing an additional 102 shares during the period. Natixis Advisors LLC raised its holdings in shares of Stifel Financial by 14.4% in the 3rd quarter. Natixis Advisors LLC now owns 69,982 shares of the financial services provider’s stock worth $6,571,000 after buying an additional 8,824 shares in the last quarter. Pathstone Holdings LLC lifted its position in shares of Stifel Financial by 0.8% during the 3rd quarter. Pathstone Holdings LLC now owns 47,893 shares of the financial services provider’s stock worth $4,497,000 after buying an additional 378 shares during the period. Finally, Caprock Group LLC boosted its stake in Stifel Financial by 9.5% in the 3rd quarter. Caprock Group LLC now owns 2,824 shares of the financial services provider’s stock valued at $265,000 after buying an additional 246 shares in the last quarter. Institutional investors and hedge funds own 82.01% of the company’s stock.

Stifel Financial Stock Performance

SF stock opened at $98.28 on Friday. The company has a 50 day moving average price of $106.74 and a 200 day moving average price of $104.48. Stifel Financial Corp. has a fifty-two week low of $73.51 and a fifty-two week high of $120.64. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78. The stock has a market capitalization of $10.20 billion, a PE ratio of 15.75 and a beta of 1.08.

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, 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%. Analysts forecast that Stifel Financial Corp. will post 8.26 EPS for the current year.

Stifel Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.46 per share. 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. This represents a $1.84 dividend on an annualized basis and a yield of 1.87%. Stifel Financial’s dividend payout ratio is presently 29.49%.

Wall Street Analyst Weigh In

Several research firms have issued reports on SF. StockNews.com upgraded Stifel Financial from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. assumed coverage on shares of Stifel Financial in a report on Tuesday, December 10th. They set a “neutral” rating and a $120.00 price target for the company. 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 note on Monday, February 3rd. JMP Securities lifted their target price on shares of Stifel Financial from $125.00 to $135.00 and gave the company a “market outperform” rating in a research note on Thursday, January 30th. Finally, 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. 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 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.