Stifel Financial Corp. (NYSE:SF) Position Reduced by TD Private Client Wealth LLC

TD Private Client Wealth LLC reduced its stake in shares of Stifel Financial Corp. (NYSE:SF) by 30.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,882 shares of the financial services provider’s stock after selling 826 shares during the period. TD Private Client Wealth LLC’s holdings in Stifel Financial were worth $200,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new position in Stifel Financial in the fourth quarter worth $26,000. Versant Capital Management Inc lifted its position in shares of Stifel Financial by 46.5% in the 4th quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider’s stock worth $48,000 after buying an additional 145 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Stifel Financial by 26.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 528 shares of the financial services provider’s stock valued at $56,000 after buying an additional 111 shares during the period. Mather Group LLC. grew its position in shares of Stifel Financial by 14.6% during the 4th quarter. Mather Group LLC. now owns 707 shares of the financial services provider’s stock valued at $75,000 after buying an additional 90 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in Stifel Financial by 78.9% during the fourth quarter. GAMMA Investing LLC now owns 900 shares of the financial services provider’s stock worth $95,000 after acquiring an additional 397 shares during the period. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Stock Down 0.3 %

SF stock opened at $101.91 on Wednesday. The firm’s 50-day moving average is $106.57 and its two-hundred day moving average is $105.00. The company has a market capitalization of $10.57 billion, a price-to-earnings ratio of 16.33 and a beta of 1.08. Stifel Financial Corp. has a 52 week low of $73.51 and a 52 week 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.

Stifel Financial (NYSE:SF) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $2.23 EPS 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, analysts forecast that Stifel Financial Corp. will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.46 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.84 annualized dividend and a yield of 1.81%. This is a boost from Stifel Financial’s previous quarterly dividend of $0.42. Stifel Financial’s dividend payout ratio (DPR) is currently 29.49%.

Wall Street Analyst Weigh In

Several research firms have recently commented on SF. Citigroup upped their target price on Stifel Financial from $110.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, January 10th. UBS Group increased their target price on Stifel Financial from $116.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. JMP Securities upped their price target on shares of Stifel Financial from $125.00 to $135.00 and gave the stock a “market outperform” rating in a research report on Thursday, January 30th. StockNews.com upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Finally, Wells Fargo & Company upped their target price on shares of Stifel Financial from $128.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Six 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, Stifel Financial has a consensus rating of “Hold” and an average target price of $117.71.

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.