Stifel Financial Corp. (NYSE:SF) Shares Purchased by Intrust Bank NA

Intrust Bank NA boosted its holdings in shares of Stifel Financial Corp. (NYSE:SF) by 23.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,275 shares of the financial services provider’s stock after purchasing an additional 622 shares during the period. Intrust Bank NA’s holdings in Stifel Financial were worth $347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. State Street Corp boosted its position in 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 worth $293,188,000 after purchasing an additional 31,101 shares in the last quarter. Stifel Financial Corp boosted its holdings in Stifel Financial by 1.5% during the third 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 in the last quarter. Wellington Management Group LLP increased its holdings 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 in the last quarter. Geode Capital Management LLC raised its position 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 during the period. Finally, Fisher Asset Management LLC raised its position in shares of Stifel Financial by 5.2% in the fourth quarter. Fisher Asset Management LLC now owns 1,540,584 shares of the financial services provider’s stock worth $163,425,000 after acquiring an additional 76,163 shares during the period. 82.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on SF shares. UBS Group lifted their price target on Stifel Financial from $116.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. StockNews.com upgraded Stifel Financial from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Citigroup increased their target price on 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. began coverage on shares of Stifel Financial in a report on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 price target for the company. Finally, JMP Securities increased their price objective on shares of Stifel Financial from $125.00 to $135.00 and gave the company a “market outperform” rating in a report on Thursday, January 30th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Stifel Financial presently has an average rating of “Hold” and an average price target of $117.71.

Stifel Financial Trading Down 3.2 %

Shares of SF stock opened at $93.92 on Monday. Stifel Financial Corp. has a fifty-two week low of $73.51 and a fifty-two week high of $120.64. The firm has a market capitalization of $9.74 billion, a P/E ratio of 15.05 and a beta of 1.08. The stock’s fifty day moving average is $105.66 and its two-hundred day moving average is $105.27. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82.

Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share 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 expect 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. Stockholders of record on Monday, March 3rd were issued a dividend of $0.46 per share. This is a boost from Stifel Financial’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend was Monday, March 3rd. Stifel Financial’s payout ratio 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.