Boston Partners Has $1.79 Million Stock Position in Stifel Financial Corp. (NYSE:SF)

Boston Partners cut its stake in shares of Stifel Financial Corp. (NYSE:SF) by 13.0% in the fourth quarter, Holdings Channel reports. The firm owned 16,863 shares of the financial services provider’s stock after selling 2,514 shares during the quarter. Boston Partners’ holdings in Stifel Financial were worth $1,789,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SF. FMR LLC raised its holdings in Stifel Financial by 18.8% in the third quarter. FMR LLC now owns 7,956,412 shares of the financial services provider’s stock worth $747,107,000 after purchasing an additional 1,256,595 shares during the period. State Street Corp increased its position in shares of Stifel Financial by 1.0% in 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 buying 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 worth $183,923,000 after acquiring an additional 860,465 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings 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 acquiring an additional 20,110 shares in the last quarter. Institutional investors own 82.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SF shares. UBS Group lifted their price objective on Stifel Financial from $116.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. initiated coverage on shares of Stifel Financial in a research note on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 price target on the stock. Wells Fargo & Company increased their price objective on shares of Stifel Financial from $128.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. JMP Securities boosted 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. Finally, StockNews.com upgraded Stifel Financial from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. 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 an average rating of “Hold” and a consensus target price of $117.71.

Stifel Financial Stock Performance

Shares of SF opened at $98.28 on Friday. The stock has a market capitalization of $10.20 billion, a price-to-earnings ratio of 15.75 and a beta of 1.08. Stifel Financial Corp. has a 12 month low of $73.51 and a 12 month high of $120.64. The firm has a fifty day simple moving average of $106.74 and a 200 day simple moving average of $104.48. 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 (NYSE:SF) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.23 EPS for the quarter, topping 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%. Research analysts forecast 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 dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from Stifel Financial’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a yield of 1.87%. Stifel Financial’s dividend payout ratio is 29.49%.

Stifel Financial 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.