Stifel Financial Corp. (NYSE:SF) Stake Reduced by Wells Fargo & Company MN

Wells Fargo & Company MN reduced its stake in shares of Stifel Financial Corp. (NYSE:SF) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 315,302 shares of the financial services provider’s stock after selling 11,072 shares during the quarter. Wells Fargo & Company MN’s holdings in Stifel Financial were worth $33,447,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Grant Private Wealth Management Inc bought a new position in Stifel Financial during the 4th quarter worth $281,000. Cinctive Capital Management LP grew its stake in Stifel Financial by 452.7% during the 4th quarter. Cinctive Capital Management LP now owns 69,949 shares of the financial services provider’s stock worth $7,420,000 after buying an additional 57,293 shares during the last quarter. Bryce Point Capital LLC bought a new position in Stifel Financial during the 4th quarter worth $506,000. Huntington National Bank grew its stake in Stifel Financial by 27.6% during the 4th quarter. Huntington National Bank now owns 805 shares of the financial services provider’s stock worth $85,000 after buying an additional 174 shares during the last quarter. Finally, Trexquant Investment LP bought a new position in Stifel Financial during the 4th quarter worth $1,048,000. 82.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SF shares. The Goldman Sachs Group lowered their price objective on Stifel Financial from $121.00 to $105.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. StockNews.com raised Stifel Financial from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. TD Cowen decreased their price target on Stifel Financial from $124.00 to $84.00 and set a “hold” rating for the company in a research note on Wednesday. UBS Group increased 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, Wells Fargo & Company decreased their price target on Stifel Financial from $135.00 to $106.00 and set an “overweight” rating for the company in a research note on Tuesday. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Stifel Financial presently has a consensus rating of “Hold” and a consensus price target of $108.57.

Stifel Financial Trading Down 7.1 %

Shares of SF stock opened at $80.24 on Friday. The stock has a 50-day simple moving average of $99.01 and a 200 day simple moving average of $104.68. Stifel Financial Corp. has a fifty-two week low of $73.27 and a fifty-two week high of $120.64. The stock has a market capitalization of $8.32 billion, a P/E ratio of 12.86 and a beta of 1.00. The company has a quick ratio of 0.78, a current ratio of 0.82 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 earnings per share 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, sell-side analysts expect that Stifel Financial Corp. will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 2.29%. This is an increase from Stifel Financial’s previous quarterly dividend of $0.42. The ex-dividend date was Monday, March 3rd. Stifel Financial’s dividend payout ratio is currently 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.