GeoWealth Management LLC Acquires 2,193 Shares of Stifel Financial Corp. (NYSE:SF)

GeoWealth Management LLC boosted its holdings in Stifel Financial Corp. (NYSE:SF) by 495.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,636 shares of the financial services provider’s stock after acquiring an additional 2,193 shares during the quarter. GeoWealth Management LLC’s holdings in Stifel Financial were worth $280,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. V Square Quantitative Management LLC bought a new position in shares of Stifel Financial in the fourth quarter worth approximately $26,000. Bessemer Group Inc. grew its stake in Stifel Financial by 52.1% in the 4th quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider’s stock worth $34,000 after buying an additional 110 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of 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 buying an additional 145 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Stifel Financial by 26.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 528 shares of the financial services provider’s stock valued at $56,000 after buying an additional 111 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its position in shares of Stifel Financial by 84.3% during the 4th 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 in the last quarter. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Stifel Financial Price Performance

Shares of Stifel Financial stock opened at $85.82 on Wednesday. The stock has a market capitalization of $8.90 billion, a P/E ratio of 13.75 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 company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78. The business’s 50 day simple moving average is $94.76 and its two-hundred day simple moving average is $104.15.

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 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%. Analysts forecast that Stifel Financial Corp. will post 8.26 EPS for the current year.

Stifel Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 2.14%. This is an increase from Stifel Financial’s previous quarterly dividend of $0.42. The ex-dividend date was Monday, March 3rd. Stifel Financial’s dividend payout ratio is 29.49%.

Analysts Set New Price Targets

A number of research firms recently commented on SF. UBS Group increased their target price on Stifel Financial from $116.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. reduced their price objective on Stifel Financial from $123.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. JMP Securities dropped their target price on Stifel Financial from $135.00 to $120.00 and set a “market outperform” rating for the company in a research report on Tuesday, April 8th. TD Cowen reduced their price target on shares of Stifel Financial from $124.00 to $84.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. Finally, Citigroup decreased their price target on shares of Stifel Financial from $125.00 to $105.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 2nd. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Stifel Financial has an average rating of “Hold” and a consensus price target of $105.71.

About Stifel Financial

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.