Haven Private LLC Takes Position in Stifel Financial Corp. (NYSE:SF)

Haven Private LLC acquired a new stake in Stifel Financial Corp. (NYSE:SF) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,000 shares of the financial services provider’s stock, valued at approximately $743,000.

A number of other large investors also recently modified their holdings of SF. Farther Finance Advisors LLC increased its stake in Stifel Financial by 148.1% in the third quarter. Farther Finance Advisors LLC now owns 1,201 shares of the financial services provider’s stock valued at $113,000 after acquiring an additional 717 shares during the last quarter. Van ECK Associates Corp increased its stake in Stifel Financial by 40.0% in the third quarter. Van ECK Associates Corp now owns 53,771 shares of the financial services provider’s stock valued at $5,443,000 after acquiring an additional 15,365 shares during the last quarter. QRG Capital Management Inc. grew its stake in shares of Stifel Financial by 9.2% during the third quarter. QRG Capital Management Inc. now owns 17,032 shares of the financial services provider’s stock valued at $1,599,000 after buying an additional 1,435 shares during the last quarter. Radnor Capital Management LLC bought a new position in shares of Stifel Financial during the third quarter valued at about $447,000. Finally, AEGON ASSET MANAGEMENT UK Plc grew its stake in shares of Stifel Financial by 0.6% during the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 271,680 shares of the financial services provider’s stock valued at $25,511,000 after buying an additional 1,546 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors.

Stifel Financial Trading Down 2.6 %

Shares of SF stock opened at $98.42 on Friday. Stifel Financial Corp. has a 1 year low of $72.78 and a 1 year high of $120.64. The firm has a fifty day moving average price of $109.39 and a 200-day moving average price of $103.82. 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 cap of $10.07 billion, a price-to-earnings ratio of 15.77 and a beta of 1.11.

Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.23 EPS 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%. As a group, equities analysts predict that Stifel Financial Corp. will post 8.26 earnings per share for the current year.

Stifel Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.46 per share. The ex-dividend date is 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 29.49%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SF shares. StockNews.com raised Stifel Financial from a “hold” rating to a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. initiated coverage on Stifel Financial in a research note on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 target price on the stock. UBS Group raised their price objective on shares of Stifel Financial from $116.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Citigroup raised their price objective on shares of Stifel Financial from $110.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Finally, JMP Securities raised their price objective on shares of Stifel Financial from $125.00 to $135.00 and gave the stock a “market outperform” rating in a report on Thursday, January 30th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Stifel Financial presently has an average 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.