Stifel Financial Corp. (NYSE:SF) Stock Position Decreased by Summit Investment Advisors Inc.

Summit Investment Advisors Inc. decreased its position in Stifel Financial Corp. (NYSE:SF) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,801 shares of the financial services provider’s stock after selling 531 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Stifel Financial were worth $3,798,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in SF. V Square Quantitative Management LLC bought a new position in Stifel Financial during the fourth quarter valued at about $26,000. Bessemer Group Inc. raised its stake in shares of Stifel Financial by 52.1% in the 4th quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 110 shares in the last quarter. Versant Capital Management Inc lifted its holdings in Stifel Financial by 46.5% in the 4th quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 145 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in Stifel Financial by 26.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 528 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 111 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its position in Stifel Financial by 84.3% during the fourth quarter. Brown Brothers Harriman & Co. now owns 553 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 253 shares during the period. Institutional investors and hedge funds own 82.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. TD Cowen reduced their price objective on shares of Stifel Financial from $124.00 to $84.00 and set a “hold” rating for the company in a research note on Wednesday, April 9th. The Goldman Sachs Group decreased their price target on shares of Stifel Financial from $121.00 to $105.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. JPMorgan Chase & Co. dropped their price objective on Stifel Financial from $123.00 to $100.00 and set a “neutral” rating on the stock in a research note on Friday. StockNews.com raised Stifel Financial from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Finally, UBS Group lifted their price target on Stifel Financial from $116.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $105.71.

Stifel Financial Trading Up 2.4 %

Shares of SF opened at $82.12 on Monday. The stock’s 50-day moving average price is $98.41 and its 200 day moving average price is $104.69. 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 Corp. has a 12-month low of $73.27 and a 12-month high of $120.64. The firm has a market capitalization of $8.52 billion, a price-to-earnings ratio of 13.16 and a beta of 1.00.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.27. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. As a group, research analysts predict that Stifel Financial Corp. will post 8.26 earnings per share for the current year.

Stifel Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.46 dividend. This is a boost from Stifel Financial’s previous quarterly dividend of $0.42. The ex-dividend date was Monday, March 3rd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.24%. Stifel Financial’s dividend 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.