Stifel Financial Corp. (NYSE:SF) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC trimmed its holdings in shares of Stifel Financial Corp. (NYSE:SF) by 72.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 333 shares of the financial services provider’s stock after selling 868 shares during the period. Farther Finance Advisors LLC’s holdings in Stifel Financial were worth $35,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Mather Group LLC. grew its holdings in Stifel Financial by 14.6% during the fourth quarter. Mather Group LLC. now owns 707 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 90 shares during the period. Smartleaf Asset Management LLC grew its holdings in Stifel Financial by 26.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 528 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 111 shares during the period. Versant Capital Management Inc grew its holdings in Stifel Financial by 46.5% during the fourth quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 145 shares during the period. Principal Securities Inc. grew its holdings in Stifel Financial by 10.1% during the fourth quarter. Principal Securities Inc. now owns 1,642 shares of the financial services provider’s stock worth $174,000 after acquiring an additional 150 shares during the period. Finally, Rehmann Capital Advisory Group grew its holdings in Stifel Financial by 4.9% during the third quarter. Rehmann Capital Advisory Group now owns 3,234 shares of the financial services provider’s stock worth $306,000 after acquiring an additional 151 shares during the period. 82.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Citigroup lifted their target price on Stifel Financial from $110.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. 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. JMP Securities lifted their price target on Stifel Financial from $125.00 to $135.00 and gave the stock a “market outperform” rating in a research note on Thursday, January 30th. UBS Group lifted their price target on Stifel Financial from $116.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Finally, StockNews.com raised Stifel Financial from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Stifel Financial has an average rating of “Hold” and a consensus price target of $117.71.

Stifel Financial Trading Up 0.1 %

Shares of NYSE SF opened at $98.28 on Monday. Stifel Financial Corp. has a one year low of $73.51 and a one year high of $120.64. The firm has a market capitalization of $10.20 billion, a PE ratio of 15.75 and a beta of 1.08. 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 business has a 50-day moving average price of $106.74 and a two-hundred day moving average price of $104.75.

Stifel Financial (NYSE:SF) last announced 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%. As a group, analysts predict that Stifel Financial Corp. will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.46 per share. The ex-dividend date was Monday, March 3rd. This is a positive change from Stifel Financial’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a yield of 1.87%. Stifel Financial’s dividend payout ratio (DPR) is presently 29.49%.

About Stifel Financial

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.