Sage Rhino Capital LLC Acquires New Position in Stifel Financial Corp. (NYSE:SF)

Sage Rhino Capital LLC bought a new position in shares of Stifel Financial Corp. (NYSE:SF) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,980 shares of the financial services provider’s stock, valued at approximately $210,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Mather Group LLC. raised its holdings in Stifel Financial by 14.6% in the fourth quarter. Mather Group LLC. now owns 707 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 90 shares during the period. CIBC Asset Management Inc raised its stake in Stifel Financial by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 3,019 shares of the financial services provider’s stock worth $283,000 after buying an additional 102 shares during the period. Smartleaf Asset Management LLC lifted its holdings 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. Versant Capital Management Inc grew its stake 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 valued at $48,000 after acquiring an additional 145 shares during the period. Finally, Principal Securities Inc. grew its stake in Stifel Financial by 10.1% in the fourth quarter. Principal Securities Inc. now owns 1,642 shares of the financial services provider’s stock valued at $174,000 after acquiring an additional 150 shares during the period. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Stock Down 2.7 %

Shares of SF stock opened at $103.37 on Tuesday. The firm’s fifty day moving average price is $109.73 and its two-hundred day moving average price is $103.61. 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 1 year low of $72.78 and a 1 year high of $120.64. The firm has a market capitalization of $10.58 billion, a P/E ratio of 16.57 and a beta of 1.11.

Stifel Financial (NYSE:SF) last released its earnings results on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.27. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. On average, equities analysts predict that Stifel Financial Corp. will post 8.26 EPS for the current fiscal year.

Stifel Financial Increases Dividend

The company 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 $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.78%. This is a boost from Stifel Financial’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, March 3rd. Stifel Financial’s dividend payout ratio is presently 29.49%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SF shares. JPMorgan Chase & Co. began coverage on Stifel Financial in a report on Tuesday, December 10th. They set a “neutral” rating and a $120.00 price objective on the stock. JMP Securities lifted their price target on shares of Stifel Financial from $125.00 to $135.00 and gave the company a “market outperform” rating in a research note on Thursday, January 30th. Citigroup increased their price objective on shares of Stifel Financial from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. UBS Group boosted their price objective on shares of Stifel Financial from $116.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company increased their target price on Stifel Financial from $128.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Stifel Financial currently 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.