Congress Wealth Management LLC DE Acquires Shares of 2,620 Stifel Financial Corp. (NYSE:SF)

Congress Wealth Management LLC DE bought a new position in Stifel Financial Corp. (NYSE:SF) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,620 shares of the financial services provider’s stock, valued at approximately $278,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Barclays PLC raised its holdings in Stifel Financial by 62.2% in the 3rd quarter. Barclays PLC now owns 107,397 shares of the financial services provider’s stock worth $10,086,000 after acquiring an additional 41,171 shares during the last quarter. TT International Asset Management LTD bought a new stake in shares of Stifel Financial in the 4th quarter worth $2,759,000. V Square Quantitative Management LLC bought a new stake in shares of Stifel Financial in the 4th quarter worth $26,000. Park Avenue Securities LLC raised its stake in shares of Stifel Financial by 31.1% in the fourth quarter. Park Avenue Securities LLC now owns 18,584 shares of the financial services provider’s stock worth $1,971,000 after purchasing an additional 4,413 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Stifel Financial by 1.0% during the third quarter. State Street Corp now owns 3,122,342 shares of the financial services provider’s stock valued at $293,188,000 after purchasing an additional 31,101 shares in the last quarter. Institutional investors own 82.01% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Stifel Financial Trading Down 3.2 %

NYSE:SF opened at $93.92 on Friday. The firm has a market capitalization of $9.74 billion, a price-to-earnings ratio of 15.05 and a beta of 1.08. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78. The business has a fifty day moving average price of $105.66 and a 200-day moving average price of $105.12. Stifel Financial Corp. has a one year low of $73.51 and a one year high of $120.64.

Stifel Financial (NYSE:SF) last posted its quarterly earnings data 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%. Sell-side analysts forecast that Stifel Financial Corp. will post 8.26 EPS for the current year.

Stifel Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.46 dividend. 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 dividend yield of 1.96%. The ex-dividend date was Monday, March 3rd. Stifel Financial’s dividend payout ratio is presently 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.