Stifel Financial Corp. (NYSE:SF) Shares Sold by Larson Financial Group LLC

Larson Financial Group LLC lessened its stake in shares of Stifel Financial Corp. (NYSE:SF) by 18.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,413 shares of the financial services provider’s stock after selling 1,010 shares during the quarter. Larson Financial Group LLC’s holdings in Stifel Financial were worth $468,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in shares of Stifel Financial in the 4th quarter worth approximately $26,000. Versant Capital Management Inc boosted its holdings in Stifel Financial by 46.5% during the fourth quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider’s stock worth $48,000 after buying an additional 145 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Stifel Financial by 26.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 528 shares of the financial services provider’s stock worth $56,000 after buying an additional 111 shares during the last quarter. Mather Group LLC. increased its holdings in shares of Stifel Financial by 14.6% in the fourth quarter. Mather Group LLC. now owns 707 shares of the financial services provider’s stock valued at $75,000 after buying an additional 90 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Stifel Financial by 78.9% during the 4th quarter. GAMMA Investing LLC now owns 900 shares of the financial services provider’s stock valued at $95,000 after acquiring an additional 397 shares during the last quarter. Institutional investors own 82.01% of the company’s stock.

Analysts Set New Price Targets

SF has been the topic of a number of recent research reports. UBS Group lifted their target price on Stifel Financial from $116.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. 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 price target on the stock. JMP Securities upped their price objective on shares of Stifel Financial from $125.00 to $135.00 and gave the company a “market outperform” rating in a research note on Thursday, January 30th. StockNews.com raised shares of Stifel Financial from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Finally, Citigroup upped their price target on shares of Stifel Financial from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Stifel Financial presently has an average rating of “Hold” and an average target price of $117.71.

Stifel Financial Stock Performance

SF stock opened at $91.71 on Tuesday. The stock has a market cap of $9.52 billion, a P/E ratio of 14.70 and a beta of 1.08. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. The firm has a 50 day simple moving average of $109.00 and a 200 day simple moving average of $104.12. Stifel Financial Corp. has a 52 week low of $72.78 and a 52 week high of $120.64.

Stifel Financial (NYSE:SF) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share (EPS) 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%. Research analysts anticipate 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. Shareholders of record on Monday, March 3rd will be given a $0.46 dividend. This is a positive change from Stifel Financial’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a yield of 2.01%. The ex-dividend date is Monday, March 3rd. Stifel Financial’s dividend payout ratio is presently 29.49%.

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.