Global Retirement Partners LLC Sells 188 Shares of Stifel Financial Corp. (NYSE:SF)

Global Retirement Partners LLC cut its stake in shares of Stifel Financial Corp. (NYSE:SF) by 27.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 487 shares of the financial services provider’s stock after selling 188 shares during the quarter. Global Retirement Partners LLC’s holdings in Stifel Financial were worth $52,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC increased its stake in Stifel Financial by 18.8% in the 3rd quarter. FMR LLC now owns 7,956,412 shares of the financial services provider’s stock worth $747,107,000 after buying an additional 1,256,595 shares in the last quarter. State Street Corp grew its position in shares of Stifel Financial by 1.0% during 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 raised its stake in Stifel Financial by 1.5% during the 3rd quarter. Stifel Financial Corp now owns 2,279,267 shares of the financial services provider’s stock valued at $214,023,000 after purchasing an additional 33,953 shares during the period. Wellington Management Group LLP lifted 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 worth $183,923,000 after purchasing an additional 860,465 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in 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 purchasing an additional 20,110 shares in the last quarter. 82.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SF has been the topic of several recent analyst reports. StockNews.com upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. UBS Group lifted their price target 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. 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 lifted their target price on Stifel Financial from $128.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. initiated coverage on Stifel Financial in a research report on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $117.71.

Stifel Financial Stock Performance

Stifel Financial stock opened at $106.10 on Friday. The company’s 50-day moving average price is $109.73 and its 200-day moving average price is $103.31. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. The company has a market cap of $10.86 billion, a PE ratio of 17.00 and a beta of 1.11. Stifel Financial Corp. has a twelve month low of $72.78 and a twelve month high of $120.64.

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, topping 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%. On average, equities research analysts forecast that Stifel Financial Corp. will post 8.26 EPS for the current fiscal year.

Stifel Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.84 annualized dividend and a dividend yield of 1.73%. This is an increase from Stifel Financial’s previous quarterly dividend of $0.42. Stifel Financial’s payout ratio is currently 29.49%.

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.