Stifel Financial Corp. (NYSE:SF) is Delphi Management Inc. MA’s 10th Largest Position

Delphi Management Inc. MA lowered its position in Stifel Financial Corp. (NYSE:SF) by 13.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,084 shares of the financial services provider’s stock after selling 2,321 shares during the period. Stifel Financial comprises about 1.5% of Delphi Management Inc. MA’s portfolio, making the stock its 10th largest position. Delphi Management Inc. MA’s holdings in Stifel Financial were worth $1,600,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Corient Private Wealth LLC raised its holdings in shares of Stifel Financial by 11.8% in the fourth quarter. Corient Private Wealth LLC now owns 7,447 shares of the financial services provider’s stock valued at $789,000 after purchasing an additional 788 shares during the last quarter. Natixis Advisors LLC grew its position in Stifel Financial by 3.5% during the fourth quarter. Natixis Advisors LLC now owns 72,466 shares of the financial services provider’s stock valued at $7,687,000 after buying an additional 2,484 shares during the period. Swiss National Bank grew its position in Stifel Financial by 0.7% during the fourth quarter. Swiss National Bank now owns 201,613 shares of the financial services provider’s stock valued at $21,387,000 after buying an additional 1,500 shares during the period. Avantax Advisory Services Inc. grew its position in Stifel Financial by 3.2% during the fourth quarter. Avantax Advisory Services Inc. now owns 10,945 shares of the financial services provider’s stock valued at $1,161,000 after buying an additional 341 shares during the period. Finally, Great Lakes Advisors LLC grew its position in Stifel Financial by 7.1% during the fourth quarter. Great Lakes Advisors LLC now owns 4,216 shares of the financial services provider’s stock valued at $447,000 after buying an additional 280 shares during the period. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Wall Street Analysts Forecast Growth

SF has been the subject of several research reports. JPMorgan Chase & Co. initiated coverage on shares of Stifel Financial in a research report on Tuesday, December 10th. They set a “neutral” rating and a $120.00 price target for the company. UBS Group increased their target price on shares of Stifel Financial from $116.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. JMP Securities increased their target price 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. StockNews.com upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Finally, Citigroup increased their target price on shares of Stifel Financial from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $117.71.

Stifel Financial Price Performance

SF stock opened at $96.86 on Tuesday. The firm has a 50 day moving average of $107.50 and a 200-day moving average of $104.44. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27. Stifel Financial Corp. has a 12 month low of $73.51 and a 12 month high of $120.64. The firm has a market capitalization of $10.05 billion, a P/E ratio of 15.52 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 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%. As a group, sell-side analysts predict 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. Investors of record on Monday, March 3rd were paid a $0.46 dividend. This is an increase from Stifel Financial’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend was Monday, March 3rd. 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.