Cornerstone Investment Partners LLC Purchases 178 Shares of Stifel Financial Corp. (NYSE:SF)

Cornerstone Investment Partners LLC raised its position in shares of Stifel Financial Corp. (NYSE:SF) by 2.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,742 shares of the financial services provider’s stock after purchasing an additional 178 shares during the period. Cornerstone Investment Partners LLC’s holdings in Stifel Financial were worth $715,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in Stifel Financial during the fourth quarter valued at $26,000. 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 valued at $48,000 after purchasing an additional 145 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 valued at $56,000 after purchasing an additional 111 shares during the period. 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 valued at $75,000 after purchasing an additional 90 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Stifel Financial by 78.9% during the fourth quarter. GAMMA Investing LLC now owns 900 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 397 shares during the period. 82.01% of the stock is owned by institutional investors.

Stifel Financial Price Performance

NYSE:SF opened at $103.37 on Tuesday. The firm has a market capitalization of $10.58 billion, a price-to-earnings ratio of 16.57 and a beta of 1.11. Stifel Financial Corp. has a 52-week low of $72.78 and a 52-week high of $120.64. The stock has a fifty day moving average of $109.73 and a 200 day moving average of $103.61. 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 (NYSE:SF) last posted 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 expect that Stifel Financial Corp. will post 8.26 EPS for the current fiscal year.

Stifel Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $0.46 per share. This is a positive change from Stifel Financial’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.84 annualized dividend and a yield of 1.78%. Stifel Financial’s dividend payout ratio (DPR) is currently 29.49%.

Analyst Ratings Changes

Several brokerages have weighed in on SF. Wells Fargo & Company increased their price objective on Stifel Financial from $128.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. StockNews.com raised Stifel Financial from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. UBS Group raised their price target on Stifel Financial from $116.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. started coverage on Stifel Financial in a report on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 price target for the company. Finally, JMP Securities raised their price target on Stifel Financial from $125.00 to $135.00 and gave the stock a “market outperform” rating in a report on Thursday, January 30th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Stifel Financial presently has an average rating of “Hold” and a consensus price target of $117.71.

Stifel Financial Company 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.