Schroder Investment Management Group Trims Stake in Stifel Financial Corp. (NYSE:SF)

Schroder Investment Management Group cut its stake in shares of Stifel Financial Corp. (NYSE:SF) by 30.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 115,864 shares of the financial services provider’s stock after selling 50,573 shares during the period. Schroder Investment Management Group owned about 0.11% of Stifel Financial worth $12,299,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of SF. State Street Corp lifted its position in shares of Stifel Financial by 1.0% during the 3rd quarter. State Street Corp now owns 3,122,342 shares of the financial services provider’s stock valued at $293,188,000 after buying an additional 31,101 shares in the last quarter. Stifel Financial Corp raised its stake in Stifel Financial by 1.5% during the 3rd quarter. Stifel Financial Corp now owns 2,279,267 shares of the financial services provider’s stock worth $214,023,000 after acquiring an additional 33,953 shares during the period. Wellington Management Group LLP lifted its holdings in Stifel Financial by 78.3% during the third quarter. Wellington Management Group LLP now owns 1,958,709 shares of the financial services provider’s stock valued at $183,923,000 after purchasing an additional 860,465 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Stifel Financial by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,696,605 shares of the financial services provider’s stock worth $159,355,000 after purchasing an additional 20,110 shares during the period. Finally, Fisher Asset Management LLC increased its stake in shares of Stifel Financial by 5.2% in the fourth quarter. Fisher Asset Management LLC now owns 1,540,584 shares of the financial services provider’s stock worth $163,425,000 after purchasing an additional 76,163 shares in the last quarter. Institutional investors own 82.01% of the company’s stock.

Wall Street Analysts Forecast Growth

SF has been the subject of several recent analyst reports. 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 report on Thursday, January 30th. Citigroup cut their target price on Stifel Financial from $125.00 to $105.00 and set a “neutral” rating for the company in a research report on Wednesday. The Goldman Sachs Group lowered their price target on Stifel Financial from $121.00 to $105.00 and set a “neutral” rating on the stock in a report on Thursday. StockNews.com upgraded Stifel Financial from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. Finally, JMP Securities lifted their price objective on shares of Stifel Financial from $125.00 to $135.00 and gave the company a “market outperform” rating in a research report on Thursday, January 30th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Stifel Financial has a consensus rating of “Hold” and an average price target of $117.86.

Stifel Financial Stock Down 10.9 %

NYSE SF opened at $86.01 on Friday. The stock has a 50 day moving average price of $103.88 and a 200-day moving average price of $105.21. Stifel Financial Corp. has a one year low of $73.51 and a one year high of $120.64. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. The company has a market capitalization of $8.92 billion, a P/E ratio of 13.78 and a beta of 1.08.

Stifel Financial (NYSE:SF) last released 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 analysts predict that Stifel Financial Corp. will post 8.26 EPS for the current fiscal year.

Stifel Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.46 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.84 annualized dividend and a yield of 2.14%. This is a positive change from Stifel Financial’s previous quarterly dividend of $0.42. Stifel Financial’s dividend payout ratio (DPR) is currently 29.49%.

Stifel Financial Company 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.