Congress Wealth Management LLC DE Makes New Investment in Stifel Financial Corp. (NYSE:SF)

Congress Wealth Management LLC DE acquired a new stake in shares of Stifel Financial Corp. (NYSE:SF) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 2,620 shares of the financial services provider’s stock, valued at approximately $278,000.

A number of other large investors also recently modified their holdings of the company. Barclays PLC grew its position in Stifel Financial by 62.2% during the third quarter. Barclays PLC now owns 107,397 shares of the financial services provider’s stock valued at $10,086,000 after acquiring an additional 41,171 shares during the last quarter. TT International Asset Management LTD bought a new position in shares of Stifel Financial during the 4th quarter valued at $2,759,000. V Square Quantitative Management LLC purchased a new position in Stifel Financial in the 4th quarter worth $26,000. Park Avenue Securities LLC lifted its stake in Stifel Financial by 31.1% in the fourth quarter. Park Avenue Securities LLC now owns 18,584 shares of the financial services provider’s stock worth $1,971,000 after purchasing an additional 4,413 shares during the last quarter. Finally, State Street Corp boosted its position in Stifel Financial by 1.0% during the third quarter. State Street Corp now owns 3,122,342 shares of the financial services provider’s stock valued at $293,188,000 after buying an additional 31,101 shares during the period. 82.01% of the stock is owned by hedge funds and other institutional investors.

Stifel Financial Stock Down 3.2 %

Shares of NYSE SF opened at $93.92 on Friday. The firm has a fifty day simple moving average of $105.66 and a two-hundred day simple moving average of $105.12. Stifel Financial Corp. has a 12 month low of $73.51 and a 12 month high of $120.64. 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 capitalization of $9.74 billion, a PE ratio of 15.05 and a beta of 1.08.

Stifel Financial (NYSE:SF) last issued its quarterly earnings data 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%. Equities analysts expect that Stifel Financial Corp. will post 8.26 earnings per share for the current year.

Stifel Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.96%. This is a boost from Stifel Financial’s previous quarterly dividend of $0.42. The ex-dividend date was Monday, March 3rd. Stifel Financial’s dividend payout ratio is presently 29.49%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SF. Wells Fargo & Company boosted 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. Citigroup increased their price objective on Stifel Financial from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. JPMorgan Chase & Co. initiated coverage on shares of Stifel Financial in a research note on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 target price on the stock. JMP Securities increased 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. Finally, UBS Group boosted their price objective on shares of Stifel Financial from $116.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $117.71.

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.