Rhumbline Advisers Has $28.54 Million Holdings in Stifel Financial Corp. (NYSE:SF)

Rhumbline Advisers lessened its position in shares of Stifel Financial Corp. (NYSE:SF) by 2.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 268,998 shares of the financial services provider’s stock after selling 7,716 shares during the quarter. Rhumbline Advisers owned approximately 0.26% of Stifel Financial worth $28,535,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new stake in Stifel Financial during the 4th quarter valued at approximately $26,000. Waldron Private Wealth LLC acquired a new stake in shares of Stifel Financial during the 3rd quarter worth approximately $34,000. Versant Capital Management Inc grew its position in shares of Stifel Financial by 46.5% during the 4th quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider’s stock worth $48,000 after buying an additional 145 shares during the period. Mather Group LLC. grew its position in shares of Stifel Financial by 14.6% during the 4th quarter. Mather Group LLC. now owns 707 shares of the financial services provider’s stock worth $75,000 after buying an additional 90 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Stifel Financial by 78.9% during the 4th quarter. GAMMA Investing LLC now owns 900 shares of the financial services provider’s stock worth $95,000 after buying an additional 397 shares during the period. Institutional investors and hedge funds own 82.01% of the company’s stock.

Stifel Financial Price Performance

Shares of NYSE:SF opened at $110.61 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27. The stock’s fifty day simple moving average is $109.98 and its two-hundred day simple moving average is $102.25. 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 $11.32 billion, a PE ratio of 17.73 and a beta of 1.11.

Stifel Financial (NYSE:SF) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share 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%. As a group, analysts forecast that Stifel Financial Corp. will post 8.26 EPS for the current fiscal year.

Stifel Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.46 per share. The ex-dividend date is Monday, March 3rd. This is a boost from Stifel Financial’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a yield of 1.66%. Stifel Financial’s dividend payout ratio (DPR) is 29.49%.

Analyst Upgrades and Downgrades

SF has been the subject of several recent analyst reports. Wells Fargo & Company raised their price objective on shares of Stifel Financial from $128.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Citigroup raised their price objective on shares of Stifel Financial from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. 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. JPMorgan Chase & Co. started coverage on shares of Stifel Financial in a research report on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 price target for the company. Finally, TD Cowen lifted their price target on shares of Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a research report on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $117.71.

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.