Delphi Management Inc. MA Trims Position in Stifel Financial Corp. (NYSE:SF)

Delphi Management Inc. MA trimmed its holdings in shares of Stifel Financial Corp. (NYSE:SF) by 13.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,084 shares of the financial services provider’s stock after selling 2,321 shares during the quarter. Stifel Financial accounts for about 1.5% of Delphi Management Inc. MA’s portfolio, making the stock its 10th largest position. Delphi Management Inc. MA’s holdings in Stifel Financial were worth $1,600,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SF. GSA Capital Partners LLP bought a new stake in Stifel Financial during the 3rd quarter worth approximately $235,000. KBC Group NV grew its holdings in Stifel Financial by 11.5% during the 3rd quarter. KBC Group NV now owns 2,855 shares of the financial services provider’s stock worth $268,000 after acquiring an additional 295 shares during the last quarter. OneDigital Investment Advisors LLC grew its holdings in Stifel Financial by 3.5% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 4,954 shares of the financial services provider’s stock worth $465,000 after acquiring an additional 166 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of Stifel Financial by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 3,019 shares of the financial services provider’s stock valued at $283,000 after purchasing an additional 102 shares during the last quarter. Finally, Natixis Advisors LLC boosted its stake in shares of Stifel Financial by 14.4% in the 3rd quarter. Natixis Advisors LLC now owns 69,982 shares of the financial services provider’s stock valued at $6,571,000 after purchasing an additional 8,824 shares during the last quarter. 82.01% of the stock is owned by institutional investors.

Stifel Financial Stock Up 1.6 %

Stifel Financial stock opened at $96.86 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. Stifel Financial Corp. has a 12-month low of $73.51 and a 12-month high of $120.64. The firm’s fifty day moving average is $107.50 and its 200 day moving average is $104.44. The company has a market capitalization of $10.05 billion, a PE ratio of 15.52 and a beta of 1.08.

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 net margin of 14.00% and a return on equity of 16.59%. As a group, sell-side analysts predict 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. Shareholders of record on Monday, March 3rd were issued a dividend of $0.46 per share. This is an increase from Stifel Financial’s previous quarterly dividend of $0.42. The ex-dividend date was Monday, March 3rd. This represents a $1.84 annualized dividend and a yield of 1.90%. Stifel Financial’s dividend payout ratio is presently 29.49%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on SF shares. JMP Securities upped their price objective 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 upped their price objective on shares of Stifel Financial from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. JPMorgan Chase & Co. started coverage on shares of Stifel Financial in a research note on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 price objective on the stock. UBS Group upped their price objective on shares of Stifel Financial from $116.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Finally, StockNews.com raised shares of Stifel Financial from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average 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.