8,000 Shares in Stifel Financial Corp. (NYSE:SF) Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC acquired a new stake in shares of Stifel Financial Corp. (NYSE:SF) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 8,000 shares of the financial services provider’s stock, valued at approximately $849,000.

Several other institutional investors have also added to or reduced their stakes in the stock. FMR LLC boosted its position in shares of Stifel Financial by 18.8% during the third quarter. FMR LLC now owns 7,956,412 shares of the financial services provider’s stock valued at $747,107,000 after purchasing an additional 1,256,595 shares in the last quarter. State Street Corp raised its holdings in Stifel Financial by 1.0% in the third quarter. State Street Corp now owns 3,122,342 shares of the financial services provider’s stock worth $293,188,000 after purchasing an additional 31,101 shares in the last quarter. Stifel Financial Corp lifted its position in Stifel Financial by 1.5% during the third quarter. Stifel Financial Corp now owns 2,279,267 shares of the financial services provider’s stock valued at $214,023,000 after buying an additional 33,953 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Stifel Financial by 78.3% during 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 buying an additional 860,465 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Stifel Financial by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,696,605 shares of the financial services provider’s stock worth $159,355,000 after buying an additional 20,110 shares during the period. 82.01% of the stock is currently owned by institutional investors.

Stifel Financial Stock Performance

Shares of SF opened at $114.40 on Friday. The company has a market cap of $11.71 billion, a price-to-earnings ratio of 18.33 and a beta of 1.11. The business’s fifty day simple moving average is $110.55 and its two-hundred day simple moving average is $100.60. Stifel Financial Corp. has a 12 month low of $72.78 and a 12 month high of $120.64. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.23 EPS for the quarter, beating the consensus estimate of $1.96 by $0.27. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. Research analysts anticipate that Stifel Financial Corp. will post 7.91 earnings per share for the current fiscal year.

Stifel Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.46 dividend. The ex-dividend date of this dividend 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 dividend yield of 1.61%. Stifel Financial’s payout ratio is currently 29.49%.

Wall Street Analyst Weigh In

SF has been the subject of a number of recent research reports. JMP Securities lifted 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 report on Thursday, January 30th. Wells Fargo & Company lifted their target price on shares of Stifel Financial from $128.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. 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. UBS Group lifted their price objective on Stifel Financial from $116.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Citigroup boosted their target price on Stifel Financial from $110.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Stifel Financial presently has a consensus rating of “Hold” and an average price target of $117.71.

Insider Activity

In other Stifel Financial news, COO David D. Sliney sold 25,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $116.18, for a total transaction of $2,904,500.00. Following the completion of the sale, the chief operating officer now directly owns 159,619 shares in the company, valued at $18,544,535.42. The trade was a 13.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.57% of the stock is owned by corporate insiders.

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.