Allspring Global Investments Holdings LLC Decreases Stock Holdings in Stifel Financial Corp. (NYSE:SF)

Allspring Global Investments Holdings LLC reduced its stake in shares of Stifel Financial Corp. (NYSE:SF) by 46.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,995 shares of the financial services provider’s stock after selling 65,423 shares during the period. Allspring Global Investments Holdings LLC owned 0.07% of Stifel Financial worth $8,065,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Raymond James & Associates lifted its position in shares of Stifel Financial by 1.5% during the third quarter. Raymond James & Associates now owns 115,527 shares of the financial services provider’s stock worth $10,848,000 after purchasing an additional 1,672 shares in the last quarter. Foundations Investment Advisors LLC purchased a new stake in Stifel Financial during the 3rd quarter worth approximately $222,000. Waldron Private Wealth LLC acquired a new stake in Stifel Financial during the 3rd quarter worth approximately $34,000. Stanley Laman Group Ltd. boosted its position in Stifel Financial by 4.3% in the 3rd quarter. Stanley Laman Group Ltd. now owns 47,895 shares of the financial services provider’s stock valued at $4,497,000 after buying an additional 1,969 shares during the period. Finally, Busey Bank boosted its position in Stifel Financial by 7.0% in the 3rd quarter. Busey Bank now owns 3,006 shares of the financial services provider’s stock valued at $282,000 after buying an additional 196 shares during the period. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SF has been the topic of several analyst reports. Citigroup increased their price objective on Stifel Financial from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. TD Cowen upped 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. JPMorgan Chase & Co. initiated coverage on shares of Stifel Financial in a research report on Tuesday, December 10th. They set a “neutral” rating and a $120.00 price objective on the stock. 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 report on Thursday, January 30th. Finally, UBS Group lifted their price objective on shares of Stifel Financial from $116.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Stifel Financial has a consensus rating of “Hold” and an average target price of $117.71.

Stifel Financial Stock Up 0.9 %

SF opened at $111.38 on Wednesday. The company has a market cap of $11.40 billion, a PE ratio of 17.85 and a beta of 1.11. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. Stifel Financial Corp. has a 1 year low of $72.78 and a 1 year high of $120.64. The firm has a 50 day moving average price of $109.99 and a 200 day moving average price of $101.99.

Stifel Financial (NYSE:SF) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.27. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. Sell-side analysts expect that Stifel Financial Corp. will post 8.26 earnings per share for the current year.

Stifel Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Monday, March 3rd. This is an increase from Stifel Financial’s previous quarterly dividend of $0.42. Stifel Financial’s dividend payout ratio (DPR) is currently 26.92%.

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.