Mather Group LLC. Raises Holdings in Stifel Financial Corp. (NYSE:SF)

Mather Group LLC. increased its holdings in Stifel Financial Corp. (NYSE:SF) by 14.6% in the 4th quarter, HoldingsChannel reports. The fund owned 707 shares of the financial services provider’s stock after purchasing an additional 90 shares during the quarter. Mather Group LLC.’s holdings in Stifel Financial were worth $75,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. CIBC Asset Management Inc grew its position in Stifel Financial by 3.5% in the third quarter. CIBC Asset Management Inc now owns 3,019 shares of the financial services provider’s stock worth $283,000 after acquiring an additional 102 shares during the period. GAMMA Investing LLC grew its position in Stifel Financial by 27.7% in the third quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 109 shares during the period. Tributary Capital Management LLC grew its position in Stifel Financial by 1.0% in the third quarter. Tributary Capital Management LLC now owns 12,603 shares of the financial services provider’s stock worth $1,183,000 after acquiring an additional 126 shares during the period. CWM LLC grew its position in Stifel Financial by 3.8% in the third quarter. CWM LLC now owns 3,940 shares of the financial services provider’s stock worth $370,000 after acquiring an additional 145 shares during the period. Finally, Versant Capital Management Inc grew its position in Stifel Financial by 46.5% in the fourth quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 145 shares during the period. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wells Fargo & Company upped their price target on Stifel Financial from $128.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Citigroup upped their price target on Stifel Financial from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. JPMorgan Chase & Co. assumed coverage on Stifel Financial in a research note on Tuesday, December 10th. They set a “neutral” rating and a $120.00 price target on the stock. UBS Group upped their price target on Stifel Financial from $116.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Finally, TD Cowen upped their price target on Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a research note on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $117.71.

Insider Buying and Selling at Stifel Financial

In other Stifel Financial news, COO David D. Sliney sold 25,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $116.18, for a total value of $2,904,500.00. Following the sale, the chief operating officer now directly owns 159,619 shares in the company, valued at $18,544,535.42. This trade represents a 13.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.57% of the stock is owned by insiders.

Stifel Financial Stock Down 0.8 %

Shares of NYSE SF opened at $113.44 on Friday. The stock has a market cap of $11.61 billion, a P/E ratio of 18.18 and a beta of 1.11. 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. The business’s fifty day simple moving average is $110.55 and its 200-day simple moving average is $100.60.

Stifel Financial (NYSE:SF) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities analysts predict that Stifel Financial Corp. will post 7.91 EPS for the current fiscal year.

Stifel Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.46 dividend. The ex-dividend date is Monday, March 3rd. This is a boost from Stifel Financial’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a yield of 1.62%. Stifel Financial’s dividend payout ratio (DPR) is currently 26.92%.

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.