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

Intrust Bank NA increased its position in shares of Stifel Financial Corp. (NYSE:SF) by 23.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,275 shares of the financial services provider’s stock after buying an additional 622 shares during the quarter. Intrust Bank NA’s holdings in Stifel Financial were worth $347,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in Stifel Financial during the fourth quarter worth about $137,448,000. Wellington Management Group LLP boosted its position in shares of Stifel Financial by 78.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,958,709 shares of the financial services provider’s stock worth $183,923,000 after purchasing an additional 860,465 shares during the period. Proficio Capital Partners LLC acquired a new stake in Stifel Financial in the 4th quarter valued at approximately $162,000. Raymond James Financial Inc. purchased a new stake in Stifel Financial in the fourth quarter valued at approximately $11,936,000. Finally, JPMorgan Chase & Co. lifted its stake in Stifel Financial by 45.3% during the fourth quarter. JPMorgan Chase & Co. now owns 299,261 shares of the financial services provider’s stock worth $31,746,000 after purchasing an additional 93,341 shares in the last quarter. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SF has been the subject of a number of research reports. StockNews.com raised Stifel Financial from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. Citigroup lifted 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. Wells Fargo & Company increased their price target 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. JPMorgan Chase & Co. initiated coverage on shares of Stifel Financial in a report on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 price objective for the company. Finally, UBS Group increased their target price on shares of Stifel Financial from $116.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $117.71.

Stifel Financial Trading Down 3.2 %

NYSE SF opened at $93.92 on Monday. Stifel Financial Corp. has a 52 week low of $73.51 and a 52 week high of $120.64. The firm has a 50 day moving average of $105.66 and a two-hundred day moving average of $105.27. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $9.74 billion, a PE ratio of 15.05 and a beta of 1.08.

Stifel Financial (NYSE:SF) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.27. Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. As a group, research analysts expect that Stifel Financial Corp. will post 8.26 EPS for the current fiscal 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 issued a $0.46 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.96%. This is an increase from Stifel Financial’s previous quarterly dividend of $0.42. Stifel Financial’s dividend payout ratio is presently 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.