Schwab Charles Investment Management Inc. grew its holdings in Stifel Financial Corporation (NYSE:SF) by 8.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 404,606 shares of the financial services provider’s stock after purchasing an additional 30,268 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.59% of Stifel Financial worth $24,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its stake in shares of Stifel Financial by 5.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,379 shares of the financial services provider’s stock valued at $109,000 after purchasing an additional 113 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Stifel Financial in the 3rd quarter valued at about $137,000. World Asset Management Inc acquired a new position in shares of Stifel Financial in the 3rd quarter valued at about $233,000. Oakbrook Investments LLC acquired a new position in shares of Stifel Financial in the 3rd quarter valued at about $241,000. Finally, Mosaic Family Wealth LLC raised its stake in Stifel Financial by 16,482.1% during the 3rd quarter. Mosaic Family Wealth LLC now owns 4,643 shares of the financial services provider’s stock worth $248,000 after buying an additional 4,615 shares during the period. 88.28% of the stock is currently owned by institutional investors.
A number of research analysts recently weighed in on SF shares. Nomura upped their price target on Stifel Financial from $56.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 31st. Goldman Sachs Group raised Stifel Financial from a “neutral” rating to a “buy” rating and upped their price target for the stock from $56.00 to $77.00 in a research note on Monday, January 8th. Zacks Investment Research raised Stifel Financial from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research note on Friday, January 5th. Wells Fargo & Co upped their price target on Stifel Financial from $64.00 to $70.00 in a research note on Thursday, January 4th. Finally, Instinet raised Stifel Financial from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 3rd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $67.67.
In other news, Vice Chairman Ben A. Plotkin sold 20,000 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $53.70, for a total value of $1,074,000.00. Following the completion of the sale, the insider now directly owns 96,226 shares of the company’s stock, valued at $5,167,336.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 3.60% of the company’s stock.
Stifel Financial Corporation (SF) opened at $62.67 on Friday. Stifel Financial Corporation has a 52 week low of $41.93 and a 52 week high of $68.76. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.61 and a current ratio of 0.67. The firm has a market capitalization of $4,290.00, a P/E ratio of 29.29, a P/E/G ratio of 1.03 and a beta of 1.69.
Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.55. The business had revenue of $804.10 million for the quarter, compared to the consensus estimate of $745.44 million. Stifel Financial had a return on equity of 12.05% and a net margin of 6.25%. The firm’s revenue for the quarter was up 21.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.68 EPS. analysts anticipate that Stifel Financial Corporation will post 5.1 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This is an increase from Stifel Financial’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a dividend yield of 0.77%. Stifel Financial’s dividend payout ratio is 18.69%.
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About Stifel Financial
Stifel Financial Corp. is a financial holding company. Its principal subsidiary is Stifel, Nicolaus & Company, Incorporated, a retail and institutional wealth management and investment banking firm. It operates through three segments: Global Wealth Management, Institutional Group and Other. The Global Wealth Management segment consists of the Private Client Group and Stifel Bank businesses.
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