Versor Investments LP Makes New Investment in Stifel Financial Corp. (NYSE:SF)

Versor Investments LP purchased a new stake in shares of Stifel Financial Corp. (NYSE:SF) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,740 shares of the financial services provider’s stock, valued at approximately $503,000.

Several other large investors have also recently modified their holdings of the stock. FMR LLC lifted 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 purchasing an additional 1,256,595 shares in the last quarter. Wellington Management Group LLP lifted its stake in Stifel Financial by 78.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,958,709 shares of the financial services provider’s stock valued at $183,923,000 after acquiring an additional 860,465 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Stifel Financial during the 4th quarter valued at about $162,000. Icon Wealth Advisors LLC bought a new stake in shares of Stifel Financial in the third quarter worth approximately $12,290,000. Finally, Fisher Asset Management LLC raised its holdings in shares of Stifel Financial by 4.7% during the third quarter. Fisher Asset Management LLC now owns 1,464,421 shares of the financial services provider’s stock valued at $137,509,000 after purchasing an additional 65,113 shares during the last quarter. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on SF. UBS Group lifted their target price on shares of Stifel Financial from $116.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Citigroup upped 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. JPMorgan Chase & Co. began coverage on Stifel Financial in a report on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 target price on the stock. JMP Securities boosted their price target on 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 objective on shares of Stifel Financial from $128.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Stifel Financial currently has a consensus rating of “Hold” and an average target price of $117.71.

Stifel Financial Stock Up 2.0 %

SF stock opened at $106.10 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. Stifel Financial Corp. has a twelve month low of $72.78 and a twelve month high of $120.64. The stock has a market cap of $10.86 billion, a P/E ratio of 17.00 and a beta of 1.11. The business’s 50-day moving average price is $109.73 and its 200-day moving average price is $103.31.

Stifel Financial (NYSE:SF) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.23 EPS for the quarter, beating 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, equities research analysts forecast that Stifel Financial Corp. will post 8.26 EPS for the current year.

Stifel Financial Increases Dividend

The firm also recently disclosed 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 positive change from Stifel Financial’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.73%. Stifel Financial’s dividend payout ratio is 29.49%.

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.