Assetmark Inc. Has $2.92 Million Stake in Stifel Financial Corp. (NYSE:SF)

Assetmark Inc. raised its holdings in Stifel Financial Corp. (NYSE:SF) by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,522 shares of the financial services provider’s stock after buying an additional 1,149 shares during the period. Assetmark Inc.’s holdings in Stifel Financial were worth $2,920,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SF. V Square Quantitative Management LLC bought a new stake in shares of Stifel Financial during the 4th quarter worth approximately $26,000. Versant Capital Management Inc increased its holdings in Stifel Financial by 46.5% during the fourth quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider’s stock worth $48,000 after buying an additional 145 shares during the last quarter. 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 in the last quarter. Mather Group LLC. raised its position 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 acquiring an additional 90 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Stifel Financial by 78.9% in the fourth quarter. GAMMA Investing LLC now owns 900 shares of the financial services provider’s stock valued at $95,000 after acquiring an additional 397 shares during the last quarter. 82.01% of the stock is owned by institutional investors.

Stifel Financial Price Performance

Stifel Financial stock opened at $96.45 on Monday. The company has a market capitalization of $10.01 billion, a price-to-earnings ratio of 15.46 and a beta of 1.08. The stock’s 50 day moving average is $109.00 and its 200-day moving average is $104.12. 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 Corp. has a 12 month low of $72.78 and a 12 month high of $120.64.

Stifel Financial (NYSE:SF) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.23 EPS for the quarter, beating 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%. Equities research analysts expect that Stifel Financial Corp. will post 8.26 EPS for the current year.

Stifel Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is 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 dividend yield of 1.91%. Stifel Financial’s dividend payout ratio (DPR) is currently 29.49%.

Analyst Ratings Changes

Several research analysts have recently weighed in on SF shares. UBS Group boosted their price objective on shares of Stifel Financial from $116.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Wells Fargo & Company boosted their price target on 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 raised their price objective on Stifel Financial from $125.00 to $135.00 and gave the company a “market outperform” rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. began coverage on Stifel Financial in a research note on Tuesday, December 10th. They set a “neutral” rating and a $120.00 target price for the company. Finally, StockNews.com upgraded Stifel Financial from a “hold” rating to a “buy” rating in a research note on Thursday. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Stifel Financial has a consensus rating of “Hold” and a consensus target price of $117.71.

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.