Y Intercept Hong Kong Ltd Buys Shares of 10,764 Stifel Financial Corp. (NYSE:SF)

Y Intercept Hong Kong Ltd purchased a new position in shares of Stifel Financial Corp. (NYSE:SF) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,764 shares of the financial services provider’s stock, valued at approximately $1,142,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. FMR LLC boosted its stake 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 worth $747,107,000 after purchasing an additional 1,256,595 shares in the last quarter. State Street Corp raised its holdings in shares of Stifel Financial by 1.0% in the third quarter. State Street Corp now owns 3,122,342 shares of the financial services provider’s stock worth $293,188,000 after buying an additional 31,101 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Stifel Financial by 1.5% during the third quarter. Stifel Financial Corp now owns 2,279,267 shares of the financial services provider’s stock worth $214,023,000 after buying an additional 33,953 shares during the period. Wellington Management Group LLP grew its holdings in shares of Stifel Financial by 78.3% during the third quarter. Wellington Management Group LLP now owns 1,958,709 shares of the financial services provider’s stock valued at $183,923,000 after buying an additional 860,465 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Stifel Financial by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,696,605 shares of the financial services provider’s stock valued at $159,355,000 after acquiring an additional 20,110 shares during the period. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on SF. UBS Group lifted their price target on Stifel Financial from $116.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. StockNews.com raised Stifel Financial from a “hold” rating to a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. initiated coverage on shares of Stifel Financial in a report on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 price target on the stock. Citigroup raised their price target 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. Finally, Wells Fargo & Company upped their price objective on shares of Stifel Financial from $128.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Stifel Financial presently has an average rating of “Hold” and a consensus target price of $117.71.

Stifel Financial Trading Up 0.9 %

Stifel Financial stock opened at $104.97 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27. The firm has a market cap of $10.74 billion, a PE ratio of 16.82 and a beta of 1.11. The stock’s 50 day simple moving average is $109.66 and its two-hundred day simple moving average is $103.13. Stifel Financial Corp. has a 12 month low of $72.78 and a 12 month high of $120.64.

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

Stifel Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.46 per share. 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 dividend yield of 1.75%. Stifel Financial’s dividend payout ratio (DPR) is 29.49%.

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.