Stifel Financial Corp. (NYSE:SF) Shares Sold by Fiera Capital Corp

Fiera Capital Corp cut its holdings in shares of Stifel Financial Corp. (NYSE:SF) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 643,447 shares of the financial services provider’s stock after selling 14,367 shares during the period. Fiera Capital Corp owned approximately 0.63% of Stifel Financial worth $68,257,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. GAMMA Investing LLC boosted its position in Stifel Financial by 27.7% during the third quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 109 shares during the last quarter. CWM LLC boosted its holdings in Stifel Financial by 3.8% during the third quarter. CWM LLC now owns 3,940 shares of the financial services provider’s stock valued at $370,000 after acquiring an additional 145 shares during the period. Ritholtz Wealth Management acquired a new stake in Stifel Financial in the 3rd quarter valued at approximately $256,000. Wedge Capital Management L L P NC boosted its position in shares of Stifel Financial by 1.2% in the third quarter. Wedge Capital Management L L P NC now owns 19,913 shares of the financial services provider’s stock valued at $1,870,000 after acquiring an additional 234 shares during the period. Finally, Trust Point Inc. acquired a new stake in shares of Stifel Financial in the third quarter worth $220,000. 82.01% of the stock is owned by institutional investors.

Stifel Financial Price Performance

Shares of SF stock opened at $107.92 on Thursday. The stock’s fifty day simple moving average is $110.18 and its 200 day simple moving average is $101.41. Stifel Financial Corp. has a one year low of $72.78 and a one year high of $120.64. The firm has a market cap of $11.05 billion, a price-to-earnings ratio of 17.29 and a beta of 1.11. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78.

Stifel Financial (NYSE:SF) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share 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%. On average, analysts expect that Stifel Financial Corp. will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.46 dividend. This is a boost from Stifel Financial’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Monday, March 3rd. Stifel Financial’s dividend payout ratio (DPR) is 26.92%.

Analyst Ratings Changes

A number of analysts have weighed in on SF shares. 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 report on Monday, February 3rd. Wells Fargo & Company boosted their price target on Stifel Financial from $128.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. JMP Securities lifted their price objective on Stifel Financial from $125.00 to $135.00 and gave the stock a “market outperform” rating in a report on Thursday, January 30th. TD Cowen boosted their price objective on Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Stifel Financial in a research note on Tuesday, December 10th. They set a “neutral” rating and a $120.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus 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.