Stifel Financial Corp. (NYSE:SF) Shares Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC lifted its holdings in shares of Stifel Financial Corp. (NYSE:SF) by 650.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,403 shares of the financial services provider’s stock after purchasing an additional 4,683 shares during the quarter. Venturi Wealth Management LLC’s holdings in Stifel Financial were worth $573,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in SF. 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 worth $747,107,000 after purchasing an additional 1,256,595 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Stifel Financial by 78.3% in the 3rd quarter. Wellington Management Group LLP now owns 1,958,709 shares of the financial services provider’s stock worth $183,923,000 after buying an additional 860,465 shares during the period. Icon Wealth Advisors LLC purchased a new position in shares of Stifel Financial in the 3rd quarter worth $12,290,000. Fisher Asset Management LLC raised its position in shares of Stifel Financial by 4.7% in the 3rd quarter. Fisher Asset Management LLC now owns 1,464,421 shares of the financial services provider’s stock worth $137,509,000 after buying an additional 65,113 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in shares of Stifel Financial by 316.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 69,761 shares of the financial services provider’s stock worth $7,400,000 after buying an additional 52,991 shares during the period. Institutional investors and hedge funds own 82.01% of the company’s stock.

Stifel Financial Stock Down 0.7 %

Shares of Stifel Financial stock opened at $110.61 on Thursday. The business has a 50-day moving average of $109.98 and a 200-day moving average of $102.25. 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 company has a market capitalization of $11.32 billion, a PE ratio of 17.73 and a beta of 1.11. Stifel Financial Corp. has a 1-year low of $72.78 and a 1-year high of $120.64.

Stifel Financial (NYSE:SF) last announced its earnings results 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, equities analysts forecast that Stifel Financial Corp. will post 8.26 EPS for the current fiscal year.

Stifel Financial Increases Dividend

The firm 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 dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, March 3rd. This is an increase from Stifel Financial’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a dividend yield of 1.66%. Stifel Financial’s dividend payout ratio (DPR) is currently 29.49%.

Wall Street Analysts Forecast Growth

SF has been the topic of several research reports. TD Cowen increased their target price on Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a research report on Thursday, October 24th. UBS Group increased their target price on Stifel Financial from $116.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. JMP Securities increased their target price on Stifel Financial from $125.00 to $135.00 and gave the stock a “market outperform” rating in a research report on Thursday, January 30th. Wells Fargo & Company increased their target price on Stifel Financial from $128.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Finally, Citigroup raised their price objective on Stifel Financial from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Stifel Financial currently has an average rating of “Hold” and an average price target 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.