Shelton Capital Management Cuts Stake in Stifel Financial Corp. (NYSE:SF)

Shelton Capital Management cut its stake in shares of Stifel Financial Corp. (NYSE:SF) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,869 shares of the financial services provider’s stock after selling 152 shares during the quarter. Shelton Capital Management’s holdings in Stifel Financial were worth $410,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in shares of Stifel Financial during the 4th quarter worth approximately $26,000. Versant Capital Management Inc lifted its stake in shares of Stifel Financial by 46.5% in the fourth quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 145 shares during the period. Smartleaf Asset Management LLC raised 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 acquiring an additional 111 shares during the last quarter. Brown Brothers Harriman & Co. lifted its stake in shares of Stifel Financial by 84.3% during the fourth quarter. Brown Brothers Harriman & Co. now owns 553 shares of the financial services provider’s stock valued at $59,000 after buying an additional 253 shares during the period. Finally, Mather Group LLC. raised its stake in Stifel Financial by 14.6% during the fourth quarter. Mather Group LLC. now owns 707 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 90 shares during the period. Institutional investors and hedge funds own 82.01% of the company’s stock.

Wall Street Analyst Weigh In

SF has been the topic of a number of recent research reports. StockNews.com upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. The Goldman Sachs Group reduced their price objective on shares of Stifel Financial from $121.00 to $105.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Citigroup lowered their price target on shares of Stifel Financial from $125.00 to $105.00 and set a “neutral” rating on the stock in a report on Wednesday, April 2nd. JMP Securities cut their target price on shares of Stifel Financial from $135.00 to $120.00 and set a “market outperform” rating on the stock in a research report on Tuesday. Finally, Wells Fargo & Company lowered their price target on Stifel Financial from $135.00 to $106.00 and set an “overweight” rating for the company in a research note on Tuesday. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Stifel Financial presently has a consensus rating of “Hold” and an average target price of $108.57.

Stifel Financial Price Performance

Shares of Stifel Financial stock opened at $86.51 on Thursday. The stock has a market capitalization of $8.98 billion, a P/E ratio of 13.86 and a beta of 1.00. Stifel Financial Corp. has a one year low of $73.27 and a one year high of $120.64. The business’s 50 day simple moving average is $99.67 and its two-hundred day simple moving average is $104.77. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78.

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 return on equity of 16.59% and a net margin of 14.00%. Analysts forecast that Stifel Financial Corp. will post 8.26 EPS for the current year.

Stifel Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.46 per share. The ex-dividend date was Monday, March 3rd. This is an increase from Stifel Financial’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a yield of 2.13%. 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.