Sage Mountain Advisors LLC Sells 220 Shares of Stifel Financial Corp. (NYSE:SF)

Sage Mountain Advisors LLC trimmed its holdings in Stifel Financial Corp. (NYSE:SF) by 7.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,842 shares of the financial services provider’s stock after selling 220 shares during the period. Sage Mountain Advisors LLC’s holdings in Stifel Financial were worth $301,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in Stifel Financial in the fourth quarter worth approximately $26,000. Versant Capital Management Inc grew its position in Stifel Financial by 46.5% in the fourth quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 145 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Stifel Financial by 26.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 528 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 111 shares in the last quarter. Mather Group LLC. grew its position in Stifel Financial by 14.6% in the fourth quarter. Mather Group LLC. now owns 707 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 90 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Stifel Financial by 78.9% during the 4th quarter. GAMMA Investing LLC now owns 900 shares of the financial services provider’s stock worth $95,000 after buying an additional 397 shares during the period. 82.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SF has been the subject of several recent analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Stifel Financial in a report on Tuesday, December 10th. They set a “neutral” rating and a $120.00 price objective for the company. Citigroup upped their price objective on shares of Stifel Financial from $110.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Wells Fargo & Company upped their price objective on shares of Stifel Financial from $128.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. StockNews.com raised shares of Stifel Financial from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. Finally, JMP Securities upped their price objective on shares of 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 assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $117.71.

Stifel Financial Price Performance

Shares of Stifel Financial stock opened at $95.32 on Thursday. Stifel Financial Corp. has a fifty-two week low of $72.78 and a fifty-two week high of $120.64. The company has a market cap of $9.89 billion, a PE ratio of 15.28 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 firm has a fifty day moving average price of $108.47 and a two-hundred day moving average price of $104.21.

Stifel Financial (NYSE:SF) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.27. Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. Analysts expect that Stifel Financial Corp. will post 8.26 EPS for the current year.

Stifel Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.46 dividend. This is a boost from Stifel Financial’s previous quarterly dividend of $0.42. The ex-dividend date is Monday, March 3rd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.93%. Stifel Financial’s dividend 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.