EFG Asset Management North America Corp. Purchases 17,266 Shares of Stifel Financial Corp. (NYSE:SF)

EFG Asset Management North America Corp. raised its position in shares of Stifel Financial Corp. (NYSE:SF) by 89.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 36,479 shares of the financial services provider’s stock after acquiring an additional 17,266 shares during the period. EFG Asset Management North America Corp.’s holdings in Stifel Financial were worth $3,869,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Barclays PLC raised its position in Stifel Financial by 62.2% in the 3rd quarter. Barclays PLC now owns 107,397 shares of the financial services provider’s stock valued at $10,086,000 after purchasing an additional 41,171 shares during the last quarter. TT International Asset Management LTD bought a new position in shares of Stifel Financial in the fourth quarter valued at about $2,759,000. V Square Quantitative Management LLC acquired a new position in Stifel Financial during the 4th quarter worth about $26,000. Larson Financial Group LLC grew its holdings in Stifel Financial by 4,308.9% during the 3rd quarter. Larson Financial Group LLC now owns 5,423 shares of the financial services provider’s stock worth $509,000 after acquiring an additional 5,300 shares during the last quarter. Finally, FMR LLC increased its position in Stifel Financial by 18.8% in the 3rd quarter. FMR LLC now owns 7,956,412 shares of the financial services provider’s stock valued at $747,107,000 after acquiring an additional 1,256,595 shares in the last quarter. 82.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Citigroup increased their price target 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. Wells Fargo & Company lifted their target price on Stifel Financial from $128.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. JMP Securities boosted their target price on Stifel Financial from $125.00 to $135.00 and gave the stock a “market outperform” rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. began coverage on Stifel Financial in a report on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 price target on the stock. Finally, UBS Group boosted their price objective on Stifel Financial from $116.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Stifel Financial has an average rating of “Hold” and an average target price of $117.71.

Stifel Financial Stock Up 4.0 %

Shares of Stifel Financial stock opened at $102.23 on Tuesday. Stifel Financial Corp. has a 12 month low of $73.51 and a 12 month high of $120.64. The business has a fifty day simple moving average of $106.69 and a 200 day simple moving average of $104.87. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. The stock has a market cap of $10.61 billion, a PE ratio of 16.38 and a beta of 1.08.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.23 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%. Research analysts predict that Stifel Financial Corp. will post 8.26 EPS for the current year.

Stifel Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from Stifel Financial’s previous quarterly dividend of $0.42. Stifel Financial’s dividend payout ratio is presently 29.49%.

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.