Channing Capital Management LLC Sells 22,489 Shares of Stifel Financial Corp. (NYSE:SF)

Channing Capital Management LLC cut its position in shares of Stifel Financial Corp. (NYSE:SF) by 2.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,050,100 shares of the financial services provider’s stock after selling 22,489 shares during the quarter. Stifel Financial accounts for about 3.0% of Channing Capital Management LLC’s investment portfolio, making the stock its largest holding. Channing Capital Management LLC owned about 1.03% of Stifel Financial worth $111,395,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SF. V Square Quantitative Management LLC bought a new stake in Stifel Financial in the fourth quarter valued at $26,000. Versant Capital Management Inc increased its stake in shares of Stifel Financial by 46.5% during 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. Smartleaf Asset Management LLC raised 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 purchasing an additional 111 shares in the last quarter. Mather Group LLC. raised its holdings in Stifel Financial by 14.6% during 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 in the last quarter. Finally, GAMMA Investing LLC lifted its position in Stifel Financial by 78.9% in the fourth quarter. GAMMA Investing LLC now owns 900 shares of the financial services provider’s stock worth $95,000 after purchasing an additional 397 shares during the period. 82.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on SF shares. Citigroup boosted 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. JPMorgan Chase & Co. started coverage on shares of Stifel Financial in a report on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 price target for the company. StockNews.com upgraded Stifel Financial from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. 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 note on Monday, February 3rd. Finally, JMP Securities upped 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 report on Thursday, January 30th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $117.71.

Stifel Financial Trading Down 4.9 %

Shares of NYSE SF opened at $91.71 on Tuesday. The business has a 50 day simple moving average of $109.00 and a 200 day simple moving average of $104.12. Stifel Financial Corp. has a 52 week low of $72.78 and a 52 week high of $120.64. The stock has a market cap of $9.52 billion, a price-to-earnings ratio of 14.70 and a beta of 1.08. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82.

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, topping the consensus estimate of $1.96 by $0.27. Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. On average, research analysts predict that Stifel Financial Corp. will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.46 per share. This is a positive change from Stifel Financial’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.01%. Stifel Financial’s dividend payout ratio is currently 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.