Amalgamated Bank Reduces Stock Position in Stifel Financial Corp. (NYSE:SF)

Amalgamated Bank decreased its stake in shares of Stifel Financial Corp. (NYSE:SF) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 48,385 shares of the financial services provider’s stock after selling 343 shares during the quarter. Amalgamated Bank’s holdings in Stifel Financial were worth $5,133,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SF. FMR LLC boosted its position in shares of Stifel Financial by 18.8% during the 3rd quarter. FMR LLC now owns 7,956,412 shares of the financial services provider’s stock valued at $747,107,000 after acquiring an additional 1,256,595 shares during the last quarter. Wellington Management Group LLP boosted its holdings in 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 valued at $183,923,000 after purchasing an additional 860,465 shares during the last quarter. Icon Wealth Advisors LLC purchased a new stake in shares of Stifel Financial in the 3rd quarter valued at approximately $12,290,000. Fisher Asset Management LLC increased its holdings in shares of Stifel Financial by 4.7% during 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 last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of Stifel Financial by 316.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 69,761 shares of the financial services provider’s stock valued at $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 0.9 %

Shares of NYSE:SF opened at $103.94 on Friday. The firm has a market capitalization of $10.64 billion, a PE ratio of 16.66 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. 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 firm’s 50-day moving average is $109.70 and its two-hundred day moving average is $103.13.

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, 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%. Analysts predict that Stifel Financial Corp. will post 8.26 EPS for the current year.

Stifel Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $0.46 dividend. The ex-dividend date is Monday, March 3rd. This is a positive change from Stifel Financial’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a yield of 1.77%. Stifel Financial’s dividend payout ratio (DPR) is 29.49%.

Analysts Set New Price Targets

SF has been the subject of several analyst reports. JPMorgan Chase & Co. began coverage on Stifel Financial in a research report on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 price objective for the company. StockNews.com raised Stifel Financial from a “hold” rating to a “buy” rating in a research report on Tuesday. UBS Group boosted their price objective on shares of Stifel Financial from $116.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Citigroup increased their target price on shares of Stifel Financial from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. Finally, JMP Securities boosted their price target 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. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $117.71.

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.