Fisher Asset Management LLC Has $163.43 Million Stake in Stifel Financial Corp. (NYSE:SF)

Fisher Asset Management LLC increased its position in shares of Stifel Financial Corp. (NYSE:SF) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,540,584 shares of the financial services provider’s stock after purchasing an additional 76,163 shares during the period. Fisher Asset Management LLC owned approximately 1.51% of Stifel Financial worth $163,425,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in SF. FMR LLC lifted its holdings in Stifel Financial by 18.8% during 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 during the last quarter. Wellington Management Group LLP increased its stake in Stifel Financial by 78.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,958,709 shares of the financial services provider’s stock worth $183,923,000 after acquiring an additional 860,465 shares during the period. Proficio Capital Partners LLC bought a new position in Stifel Financial during the 4th quarter worth $162,000. Icon Wealth Advisors LLC bought a new position in Stifel Financial during the 3rd quarter worth $12,290,000. Finally, Assenagon Asset Management S.A. increased its stake in Stifel Financial by 316.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 69,761 shares of the financial services provider’s stock worth $7,400,000 after acquiring an additional 52,991 shares during the period. 82.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Citigroup raised their price objective on Stifel Financial from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. Wells Fargo & Company raised their price objective on Stifel Financial from $128.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. StockNews.com raised Stifel Financial from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. initiated coverage on Stifel Financial in a report on Tuesday, December 10th. They set a “neutral” rating and a $120.00 target price on the stock. Finally, JMP Securities boosted their price objective on Stifel Financial from $125.00 to $135.00 and gave the company a “market outperform” rating in a research note on Thursday, January 30th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Stifel Financial presently has a consensus rating of “Hold” and an average price target of $117.71.

Stifel Financial Trading Up 2.0 %

NYSE SF opened at $106.10 on Friday. The company has a market capitalization of $10.86 billion, a price-to-earnings ratio of 17.00 and a beta of 1.11. The stock’s 50-day simple moving average is $109.73 and its two-hundred day simple moving average is $103.31. 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 twelve month low of $72.78 and a twelve 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, 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 forecast that Stifel Financial Corp. will post 8.26 EPS for the current fiscal year.

Stifel Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $0.46 dividend. This is a positive change from Stifel Financial’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Monday, March 3rd. Stifel Financial’s payout ratio is presently 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.