Stifel Financial Corp. (NYSE:SF) Position Increased by AlphaQuest LLC

AlphaQuest LLC increased its position in shares of Stifel Financial Corp. (NYSE:SF) by 64,142.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 4,497 shares of the financial services provider’s stock after buying an additional 4,490 shares during the quarter. AlphaQuest LLC’s holdings in Stifel Financial were worth $477,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new position in Stifel Financial during the fourth quarter worth $26,000. Versant Capital Management Inc increased its position in Stifel Financial by 46.5% during the fourth quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider’s stock worth $48,000 after buying an additional 145 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Stifel Financial by 26.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 528 shares of the financial services provider’s stock worth $56,000 after buying an additional 111 shares during the last quarter. Mather Group LLC. grew its position in shares of Stifel Financial by 14.6% in the fourth quarter. Mather Group LLC. now owns 707 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 90 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Stifel Financial by 78.9% in the fourth quarter. GAMMA Investing LLC now owns 900 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 397 shares during the last quarter. 82.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on SF. Citigroup raised their price target on Stifel Financial from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. JMP Securities raised their price target on Stifel Financial from $125.00 to $135.00 and gave the company a “market outperform” rating in a research report on Thursday, January 30th. StockNews.com raised Stifel Financial from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. UBS Group raised their price target on Stifel Financial from $116.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. began coverage on Stifel Financial in a research report on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $117.71.

Stifel Financial Stock Up 1.5 %

SF stock opened at $95.32 on Thursday. Stifel Financial Corp. has a twelve month low of $72.78 and a twelve month 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 business’s 50-day simple moving average is $108.47 and its 200 day simple moving average is $104.21. 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 released its earnings results on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates 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, research analysts anticipate that Stifel Financial Corp. will post 8.26 earnings per share for the current year.

Stifel Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.46 per share. This is a boost from Stifel Financial’s previous quarterly dividend of $0.42. 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 1.93%. 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.