Geode Capital Management LLC Has $180.42 Million Stake in Stifel Financial Corp. (NYSE:SF)

Geode Capital Management LLC boosted its position in Stifel Financial Corp. (NYSE:SF) by 0.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,700,274 shares of the financial services provider’s stock after purchasing an additional 3,669 shares during the period. Geode Capital Management LLC owned 1.66% of Stifel Financial worth $180,423,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SF. V Square Quantitative Management LLC bought a new stake in shares of Stifel Financial in the fourth quarter worth $26,000. Versant Capital Management Inc grew its position in shares of Stifel Financial by 46.5% in the 4th quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider’s stock valued at $48,000 after buying an additional 145 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Stifel Financial by 26.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 528 shares of the financial services provider’s stock valued at $56,000 after buying an additional 111 shares during the period. Brown Brothers Harriman & Co. raised its position in shares of Stifel Financial by 84.3% during the fourth quarter. Brown Brothers Harriman & Co. now owns 553 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 253 shares during the last quarter. Finally, Mather Group LLC. lifted its stake in shares of Stifel Financial by 14.6% in the fourth quarter. Mather Group LLC. now owns 707 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 90 shares during the period. 82.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Citigroup lowered their price target on shares of Stifel Financial from $125.00 to $105.00 and set a “neutral” rating for the company in a report on Wednesday, April 2nd. UBS Group boosted their target price on shares of 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. began coverage on Stifel Financial in a report on Tuesday, December 10th. They set a “neutral” rating and a $120.00 price target for the company. StockNews.com raised Stifel Financial from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. Finally, Wells Fargo & Company raised their target price on Stifel Financial from $128.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Stifel Financial has an average rating of “Hold” and an average price target of $117.86.

Stifel Financial Stock Down 8.4 %

SF stock opened at $78.82 on Monday. The stock’s 50 day simple moving average is $103.18 and its 200 day simple moving average is $105.36. The company has a market cap of $8.18 billion, a P/E ratio of 12.63 and a beta of 1.00. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. Stifel Financial Corp. has a fifty-two week low of $73.51 and a fifty-two week high of $120.64.

Stifel Financial (NYSE:SF) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share for the quarter, topping 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%. On average, research analysts expect that Stifel Financial Corp. will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.33%. 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. Stifel Financial’s dividend payout ratio is currently 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.