Grant Private Wealth Management Inc Acquires New Position in Stifel Financial Corp. (NYSE:SF)

Grant Private Wealth Management Inc purchased 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 institutional investor purchased 2,650 shares of the financial services provider’s stock, valued at approximately $281,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. V Square Quantitative Management LLC acquired a new stake in shares of Stifel Financial in the 4th quarter worth $26,000. Versant Capital Management Inc increased its position 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 purchasing an additional 145 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in Stifel Financial by 26.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 528 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 111 shares during the period. Brown Brothers Harriman & Co. boosted its holdings in Stifel Financial by 84.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 553 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 253 shares during the last quarter. Finally, Mather Group LLC. grew its stake in shares of Stifel Financial by 14.6% in the 4th 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 during the period. Institutional investors and hedge funds own 82.01% of the company’s stock.

Stifel Financial Trading Up 1.8 %

NYSE SF opened at $96.51 on Thursday. 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 market cap of $10.01 billion, a price-to-earnings ratio of 15.47 and a beta of 1.08. The firm has a 50 day simple moving average of $104.46 and a 200-day simple moving average of $105.34. Stifel Financial Corp. has a one year low of $73.51 and a one year high of $120.64.

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 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%. Equities research analysts anticipate that Stifel Financial Corp. will post 8.26 EPS for the current fiscal year.

Stifel Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.46 per share. This is an increase from Stifel Financial’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.84 annualized dividend and a yield of 1.91%. Stifel Financial’s dividend payout ratio is 29.49%.

Analyst Ratings Changes

A number of research firms recently commented on SF. UBS Group upped their price objective on Stifel Financial from $116.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Citigroup decreased their price target on Stifel Financial from $125.00 to $105.00 and set a “neutral” rating on the stock in a research note on Wednesday. JMP Securities raised their price objective 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. JPMorgan Chase & Co. initiated coverage on shares of Stifel Financial in a report on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 price objective on the stock. Finally, StockNews.com upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $116.29.

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.