Allspring Global Investments Holdings LLC Reduces Position in Stifel Financial Corp. (NYSE:SF)

Allspring Global Investments Holdings LLC trimmed its holdings in Stifel Financial Corp. (NYSE:SF) by 46.3% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 75,995 shares of the financial services provider’s stock after selling 65,423 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.07% of Stifel Financial worth $8,065,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Waldron Private Wealth LLC bought a new stake in shares of Stifel Financial during the 3rd quarter valued at $34,000. Versant Capital Management Inc lifted its holdings in Stifel Financial by 46.5% in the 4th 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 in the last quarter. Mather Group LLC. boosted its stake in Stifel Financial by 14.6% in the 4th quarter. Mather Group LLC. now owns 707 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 90 shares during the period. GAMMA Investing LLC grew its holdings in 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 buying an additional 397 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of Stifel Financial by 148.1% during the third quarter. Farther Finance Advisors LLC now owns 1,201 shares of the financial services provider’s stock valued at $113,000 after buying an additional 717 shares during the last quarter. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Stifel Financial Stock Up 0.9 %

Shares of Stifel Financial stock opened at $111.38 on Wednesday. The firm’s 50-day moving average is $109.99 and its two-hundred day moving average is $101.99. Stifel Financial Corp. has a 1 year low of $72.78 and a 1 year high of $120.64. The stock has a market cap of $11.40 billion, a price-to-earnings ratio of 17.85 and a beta of 1.11. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78.

Stifel Financial (NYSE:SF) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts expect that Stifel Financial Corp. will post 8.26 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. Shareholders of record on Monday, March 3rd will be issued a $0.46 dividend. The ex-dividend date is Monday, March 3rd. This is an increase from Stifel Financial’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a yield of 1.65%. Stifel Financial’s payout ratio is presently 26.92%.

Analyst Ratings Changes

Several research analysts have commented on the stock. JMP Securities increased their price objective on shares of Stifel Financial from $125.00 to $135.00 and gave the company a “market outperform” rating in a report on Thursday, January 30th. Wells Fargo & Company boosted their price objective on Stifel Financial from $128.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. UBS Group increased their target price on Stifel Financial from $116.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Citigroup boosted their target price on shares of Stifel Financial from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. Finally, JPMorgan Chase & Co. began coverage on shares of Stifel Financial in a research note on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has a consensus 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.