Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Stifel Financial Corp (NYSE:SF) by 47.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,796 shares of the financial services provider’s stock after purchasing an additional 1,226 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Stifel Financial were worth $226,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently modified their holdings of SF. Public Employees Retirement System of Ohio boosted its stake in Stifel Financial by 5.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,379 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 113 shares during the period. Cubist Systematic Strategies LLC bought a new position in Stifel Financial in the 3rd quarter worth about $137,000. World Asset Management Inc bought a new position in Stifel Financial in the 3rd quarter worth about $233,000. Oakbrook Investments LLC bought a new position in Stifel Financial in the 3rd quarter worth about $241,000. Finally, Mosaic Family Wealth LLC boosted its stake in Stifel Financial by 16,482.1% in the 3rd quarter. Mosaic Family Wealth LLC now owns 4,643 shares of the financial services provider’s stock worth $248,000 after purchasing an additional 4,615 shares during the period. Institutional investors and hedge funds own 89.63% of the company’s stock.
Stifel Financial Corp (NYSE:SF) opened at $62.74 on Thursday. The firm has a market capitalization of $4,296.32, a PE ratio of 15.69, a P/E/G ratio of 1.03 and a beta of 1.69. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.68. Stifel Financial Corp has a 1-year low of $41.93 and a 1-year high of $68.76.
Stifel Financial (NYSE:SF) last announced its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $1.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.55. The company had revenue of $804.10 million for the quarter, compared to analysts’ expectations of $745.44 million. Stifel Financial had a return on equity of 12.05% and a net margin of 6.25%. Stifel Financial’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same period last year, the firm posted $0.68 EPS. research analysts anticipate that Stifel Financial Corp will post 5.1 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a $0.12 dividend. This is a boost from Stifel Financial’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Wednesday, February 28th. Stifel Financial’s payout ratio is 18.69%.
SF has been the subject of a number of research analyst reports. Goldman Sachs Group upgraded Stifel Financial from a “neutral” rating to a “buy” rating and lifted their price target for the company from $56.00 to $77.00 in a research report on Monday, January 8th. Wells Fargo & Co lifted their price target on Stifel Financial from $64.00 to $70.00 in a research report on Thursday, January 4th. Zacks Investment Research downgraded Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Nomura upgraded Stifel Financial from a “neutral” rating to a “buy” rating and lifted their price target for the company from $58.00 to $77.00 in a research report on Wednesday, January 3rd. Finally, Instinet upgraded Stifel Financial from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 3rd. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $67.67.
In other Stifel Financial news, Vice Chairman Ben A. Plotkin sold 20,000 shares of Stifel Financial stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $53.70, for a total value of $1,074,000.00. Following the transaction, the insider now directly owns 96,226 shares of the company’s stock, valued at approximately $5,167,336.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.60% of the stock is owned by insiders.
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About Stifel Financial
Stifel Financial Corp. is a financial holding company. Its principal subsidiary is Stifel, Nicolaus & Company, Incorporated, a retail and institutional wealth management and investment banking firm. It operates through three segments: Global Wealth Management, Institutional Group and Other. The Global Wealth Management segment consists of the Private Client Group and Stifel Bank businesses.
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