Orion Portfolio Solutions LLC Has $5.04 Million Stake in Stifel Financial Corp. (NYSE:SF)

Orion Portfolio Solutions LLC lessened its stake in Stifel Financial Corp. (NYSE:SF) by 0.8% during the fourth quarter, Holdings Channel reports. The firm owned 47,510 shares of the financial services provider’s stock after selling 378 shares during the period. Orion Portfolio Solutions LLC’s holdings in Stifel Financial were worth $5,040,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SF. Cerity Partners LLC grew its stake in shares of Stifel Financial by 23.3% in the 3rd quarter. Cerity Partners LLC now owns 40,303 shares of the financial services provider’s stock worth $3,784,000 after acquiring an additional 7,615 shares in the last quarter. Kingsview Wealth Management LLC purchased a new position in Stifel Financial during the third quarter worth about $274,000. Bank of Montreal Can grew its position in Stifel Financial by 6.0% in the 3rd quarter. Bank of Montreal Can now owns 54,863 shares of the financial services provider’s stock worth $5,138,000 after purchasing an additional 3,112 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Stifel Financial by 28.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,968 shares of the financial services provider’s stock valued at $936,000 after buying an additional 2,210 shares during the last quarter. Finally, Townsquare Capital LLC bought a new position in shares of Stifel Financial during the 3rd quarter worth approximately $356,000. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Stifel Financial Price Performance

Shares of NYSE:SF opened at $93.92 on Friday. The firm has a market capitalization of $9.74 billion, a PE ratio of 15.05 and a beta of 1.08. 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 company has a 50-day moving average price of $105.66 and a two-hundred day moving average price of $105.12. Stifel Financial Corp. has a twelve month low of $73.51 and a twelve month high of $120.64.

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 analysts’ consensus estimates of $1.96 by $0.27. Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. Equities analysts forecast that Stifel Financial Corp. will post 8.26 EPS for the current year.

Stifel Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.46 per share. This is a boost from Stifel Financial’s previous quarterly dividend of $0.42. The ex-dividend date was Monday, March 3rd. This represents a $1.84 dividend on an annualized basis and a yield of 1.96%. Stifel Financial’s dividend payout ratio is 29.49%.

Wall Street Analyst Weigh In

SF has been the subject of several recent analyst reports. StockNews.com raised Stifel Financial from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. 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. JPMorgan Chase & Co. started coverage on Stifel Financial in a research note on Tuesday, December 10th. They set a “neutral” rating and a $120.00 target price on the stock. UBS Group increased their price target on shares of Stifel Financial from $116.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company lifted their price objective on shares of Stifel Financial from $128.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $117.71.

About Stifel Financial

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.