Roberts Glore & Co. Inc. IL Trims Position in Stifel Financial Corp. (NYSE:SF)

Roberts Glore & Co. Inc. IL lessened its stake in shares of Stifel Financial Corp. (NYSE:SF) by 5.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,275 shares of the financial services provider’s stock after selling 200 shares during the period. Roberts Glore & Co. Inc. IL’s holdings in Stifel Financial were worth $347,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. FMR LLC raised its holdings in shares of Stifel Financial by 18.8% during the 3rd quarter. FMR LLC now owns 7,956,412 shares of the financial services provider’s stock worth $747,107,000 after acquiring an additional 1,256,595 shares during the period. State Street Corp raised its holdings 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 worth $293,188,000 after acquiring an additional 31,101 shares during the period. Stifel Financial Corp raised its holdings in Stifel Financial by 1.5% in the 3rd quarter. Stifel Financial Corp now owns 2,279,267 shares of the financial services provider’s stock valued at $214,023,000 after buying an additional 33,953 shares during the period. Wellington Management Group LLP lifted its position in Stifel Financial by 78.3% in 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 buying an additional 860,465 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in 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 valued at $159,355,000 after buying an additional 20,110 shares during the last quarter. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on SF shares. StockNews.com raised shares of Stifel Financial from a “hold” rating to a “buy” rating in a research report on Thursday. UBS Group upped their target price on shares of Stifel Financial from $116.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Citigroup upped their target price on shares of Stifel Financial from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. JPMorgan Chase & Co. started coverage on shares of Stifel Financial in a research report on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 target price on the stock. Finally, Wells Fargo & Company upped 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. Six 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 currently has an average rating of “Hold” and a consensus price target of $117.71.

Stifel Financial Stock Down 2.0 %

Shares of NYSE:SF opened at $96.45 on Friday. The firm’s 50 day moving average price is $109.00 and its 200 day moving average price is $103.99. The stock has a market cap of $10.01 billion, a price-to-earnings ratio of 15.46 and a beta of 1.08. 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 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 issued its earnings results on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share 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 predict that Stifel Financial Corp. will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued 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 annualized dividend and a yield of 1.91%. Stifel Financial’s dividend payout ratio (DPR) is 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.