TD Private Client Wealth LLC Decreases Position in Stifel Financial Corp. (NYSE:SF)

TD Private Client Wealth LLC decreased its position in Stifel Financial Corp. (NYSE:SF) by 30.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,882 shares of the financial services provider’s stock after selling 826 shares during the period. TD Private Client Wealth LLC’s holdings in Stifel Financial were worth $200,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SF. FMR LLC lifted 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 valued at $747,107,000 after buying an additional 1,256,595 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Stifel Financial by 78.3% in the third 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 last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Stifel Financial in the fourth quarter valued at $162,000. Raymond James Financial Inc. acquired a new stake in shares of Stifel Financial during the fourth quarter valued at $11,936,000. Finally, Fisher Asset Management LLC increased its position in Stifel Financial by 5.2% during the 4th quarter. Fisher Asset Management LLC now owns 1,540,584 shares of the financial services provider’s stock worth $163,425,000 after purchasing an additional 76,163 shares in the last quarter. Institutional investors and hedge funds own 82.01% of the company’s stock.

Stifel Financial Stock Down 0.3 %

Shares of NYSE:SF opened at $101.91 on Wednesday. Stifel Financial Corp. has a 1 year low of $73.51 and a 1 year high of $120.64. The stock has a 50-day simple moving average of $106.57 and a 200-day simple moving average of $105.00. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. The stock has a market capitalization of $10.57 billion, a P/E ratio of 16.33 and a beta of 1.08.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share (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%. Equities analysts forecast that Stifel Financial Corp. will post 8.26 earnings per share for the current year.

Stifel Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from Stifel Financial’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a yield of 1.81%. Stifel Financial’s payout ratio is 29.49%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Wells Fargo & Company raised their price target on shares of Stifel Financial from $128.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. StockNews.com upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. UBS Group boosted their price target on Stifel Financial from $116.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. started coverage on Stifel Financial in a report on Tuesday, December 10th. They set a “neutral” rating and a $120.00 price objective on the stock. Finally, Citigroup upped their target price on Stifel Financial from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $117.71.

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.