Sage Rhino Capital LLC Makes New $210,000 Investment in Stifel Financial Corp. (NYSE:SF)

Sage Rhino Capital LLC bought a new stake in Stifel Financial Corp. (NYSE:SF) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,980 shares of the financial services provider’s stock, valued at approximately $210,000.

Other large investors also recently made changes to their positions in the company. First Trust Direct Indexing L.P. raised its stake in Stifel Financial by 8.5% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,915 shares of the financial services provider’s stock worth $274,000 after purchasing an additional 228 shares in the last quarter. US Bancorp DE raised its position in shares of Stifel Financial by 2.7% in the third quarter. US Bancorp DE now owns 54,478 shares of the financial services provider’s stock valued at $5,116,000 after buying an additional 1,425 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Stifel Financial by 148.1% in the third quarter. Farther Finance Advisors LLC now owns 1,201 shares of the financial services provider’s stock valued at $113,000 after buying an additional 717 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Stifel Financial by 99.2% in the third quarter. Harbor Capital Advisors Inc. now owns 52,648 shares of the financial services provider’s stock valued at $4,944,000 after buying an additional 26,215 shares during the period. Finally, Van ECK Associates Corp grew its position in Stifel Financial by 40.0% during the third quarter. Van ECK Associates Corp now owns 53,771 shares of the financial services provider’s stock worth $5,443,000 after buying an additional 15,365 shares in the last quarter. Institutional investors own 82.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Citigroup lifted their price objective on Stifel Financial from $110.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, January 10th. JPMorgan Chase & Co. assumed coverage on Stifel Financial in a research note on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 price target for the company. StockNews.com upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. Wells Fargo & Company boosted their target price on shares of Stifel Financial from $128.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Finally, JMP Securities increased 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. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $117.71.

Stifel Financial Stock Down 2.7 %

SF stock opened at $103.37 on Tuesday. The firm has a 50-day moving average price of $109.73 and a 200-day moving average price of $103.61. Stifel Financial Corp. has a 12 month low of $72.78 and a 12 month 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. The stock has a market capitalization of $10.58 billion, a P/E ratio of 16.57 and a beta of 1.11.

Stifel Financial (NYSE:SF) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.23 EPS for the quarter, beating the consensus estimate of $1.96 by $0.27. Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. As a group, equities research analysts anticipate that Stifel Financial Corp. will post 8.26 EPS for the current fiscal year.

Stifel Financial Increases Dividend

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