Stifel Financial Corp (SF) Stake Lifted by QS Investors LLC

QS Investors LLC raised its position in Stifel Financial Corp (NYSE:SF) by 37.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 87,700 shares of the financial services provider’s stock after purchasing an additional 23,700 shares during the period. QS Investors LLC’s holdings in Stifel Financial were worth $3,633,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of SF. Oregon Public Employees Retirement Fund lifted its position in shares of Stifel Financial by 4,042.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,179,559 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 1,151,081 shares during the period. Larson Financial Group LLC acquired a new position in shares of Stifel Financial in the 4th quarter worth approximately $28,000. Private Capital Group LLC lifted its position in shares of Stifel Financial by 59.1% in the 4th quarter. Private Capital Group LLC now owns 2,785 shares of the financial services provider’s stock worth $115,000 after purchasing an additional 1,034 shares during the period. Stratos Wealth Partners LTD. acquired a new position in shares of Stifel Financial in the 3rd quarter worth approximately $133,000. Finally, Nisa Investment Advisors LLC lifted its position in shares of Stifel Financial by 12.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,800 shares of the financial services provider’s stock worth $157,000 after purchasing an additional 420 shares during the period. Hedge funds and other institutional investors own 84.98% of the company’s stock.

A number of research analysts have recently issued reports on SF shares. TheStreet upgraded shares of Stifel Financial from a “c+” rating to a “b-” rating in a research report on Tuesday, February 5th. Zacks Investment Research upgraded shares of Stifel Financial from a “sell” rating to a “buy” rating and set a $57.00 target price on the stock in a research report on Wednesday, February 6th. ValuEngine upgraded shares of Stifel Financial from a “sell” rating to a “hold” rating in a research report on Saturday, January 19th. Wells Fargo & Co reiterated a “market perform” rating and set a $44.00 target price (down previously from $49.00) on shares of Stifel Financial in a research report on Wednesday, December 19th. Finally, Goldman Sachs Group started coverage on shares of Stifel Financial in a research report on Tuesday, November 27th. They set a “neutral” rating and a $56.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $55.00.

Stifel Financial stock opened at $55.66 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.68 and a current ratio of 0.75. Stifel Financial Corp has a 12-month low of $38.39 and a 12-month high of $65.69. The firm has a market cap of $3.96 billion, a P/E ratio of 10.54, a P/E/G ratio of 1.25 and a beta of 1.86.

Stifel Financial (NYSE:SF) last released its earnings results on Friday, February 1st. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.48 by $0.09. Stifel Financial had a net margin of 13.02% and a return on equity of 14.85%. The company had revenue of $793.50 million for the quarter, compared to the consensus estimate of $765.48 million. During the same quarter in the previous year, the company earned $1.47 EPS. Stifel Financial’s quarterly revenue was down 1.3% compared to the same quarter last year. On average, equities research analysts expect that Stifel Financial Corp will post 5.4 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date was Thursday, February 28th. This is a positive change from Stifel Financial’s previous quarterly dividend of $0.12. Stifel Financial’s payout ratio is 11.36%.

In other Stifel Financial news, Director David A. Peacock purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, February 12th. The stock was acquired at an average price of $53.14 per share, for a total transaction of $106,280.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Victor Nesi sold 2,500 shares of the business’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $55.03, for a total transaction of $137,575.00. Following the sale, the insider now owns 186,160 shares of the company’s stock, valued at approximately $10,244,384.80. The disclosure for this sale can be found here. Insiders own 3.86% of the company’s stock.

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About Stifel Financial

Stifel Financial Corp. provides securities brokerage, investment banking, trading, investment advisory and related financial services. It operates through the following segments: Global Wealth Management, Institutional Group and Other. The Global Wealth Management segment provides securities transaction, brokerage and investment services to clients.

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Want to see what other hedge funds are holding SF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stifel Financial Corp (NYSE:SF).

Institutional Ownership by Quarter for Stifel Financial (NYSE:SF)

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