Proficio Capital Partners LLC Invests $162,000 in Stifel Financial Corp. (NYSE:SF)

Proficio Capital Partners LLC bought a new position in shares of Stifel Financial Corp. (NYSE:SF) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 162,174 shares of the financial services provider’s stock, valued at approximately $162,000. Proficio Capital Partners LLC owned approximately 0.16% of Stifel Financial as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in SF. Barclays PLC increased its position in Stifel Financial by 62.2% in the 3rd quarter. Barclays PLC now owns 107,397 shares of the financial services provider’s stock valued at $10,086,000 after acquiring an additional 41,171 shares in the last quarter. TT International Asset Management LTD acquired a new stake in shares of Stifel Financial in the fourth quarter valued at approximately $2,759,000. V Square Quantitative Management LLC bought a new position in Stifel Financial in the 4th quarter worth approximately $26,000. FMR LLC raised its position 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 purchasing an additional 1,256,595 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its position in Stifel Financial by 31.1% in the 4th quarter. Park Avenue Securities LLC now owns 18,584 shares of the financial services provider’s stock valued at $1,971,000 after buying an additional 4,413 shares during the last quarter. 82.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SF has been the topic of several research reports. StockNews.com raised Stifel Financial from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. started coverage on shares of Stifel Financial in a report on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 price objective on the stock. JMP Securities lifted their target price on shares of Stifel Financial from $125.00 to $135.00 and gave the stock a “market outperform” rating in a report on Thursday, January 30th. Wells Fargo & Company upped their target price on shares of Stifel Financial from $128.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Finally, Citigroup lifted their price objective on Stifel Financial from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Stifel Financial presently has a consensus rating of “Hold” and an average target price of $117.71.

Stifel Financial Stock Performance

Shares of Stifel Financial stock opened at $97.10 on Friday. Stifel Financial Corp. has a 12 month low of $73.51 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. The company has a market capitalization of $10.07 billion, a PE ratio of 15.56 and a beta of 1.08. The stock’s fifty day simple moving average is $106.06 and its 200 day simple moving average is $104.90.

Stifel Financial (NYSE:SF) last issued 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 return on equity of 16.59% and a net margin of 14.00%. On average, research analysts predict that Stifel Financial Corp. will post 8.26 EPS for the current year.

Stifel Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.46 per share. This is a boost from Stifel Financial’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a dividend yield of 1.90%. The ex-dividend date was Monday, March 3rd. Stifel Financial’s dividend 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.