Stifel Financial Corp. (NYSE:SF) is Earnest Partners LLC’s 9th Largest Position

Earnest Partners LLC cut its holdings in shares of Stifel Financial Corp. (NYSE:SF) by 0.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,948,476 shares of the financial services provider’s stock after selling 24,119 shares during the period. Stifel Financial makes up about 1.4% of Earnest Partners LLC’s portfolio, making the stock its 9th largest holding. Earnest Partners LLC’s holdings in Stifel Financial were worth $312,774,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Barclays PLC raised its holdings in Stifel Financial by 62.2% in the 3rd 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. Tidal Investments LLC lifted its holdings in shares of Stifel Financial by 13.7% in the 3rd quarter. Tidal Investments LLC now owns 3,877 shares of the financial services provider’s stock worth $364,000 after acquiring an additional 467 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Stifel Financial by 9.7% in the third quarter. Franklin Resources Inc. now owns 44,113 shares of the financial services provider’s stock valued at $4,336,000 after buying an additional 3,887 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Stifel Financial by 46.5% in the fourth quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 145 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of 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 acquiring an additional 397 shares in the last quarter. 82.01% of the stock is owned by institutional investors and hedge funds.

Stifel Financial Trading Down 0.0 %

NYSE:SF opened at $85.73 on Friday. The company has a market capitalization of $8.89 billion, a PE ratio of 13.74 and a beta of 1.00. Stifel Financial Corp. has a 52-week low of $73.27 and a 52-week high of $120.64. The stock has a fifty day simple moving average of $93.19 and a 200-day simple moving average of $103.92. 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 (NYSE:SF) last released its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 EPS for the quarter, missing the consensus estimate of $1.61 by ($1.12). Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the company earned $1.49 earnings per share. On average, equities research analysts expect that Stifel Financial Corp. will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders 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 2.15%. This is a boost from Stifel Financial’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, March 3rd. Stifel Financial’s payout ratio is 35.18%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SF. UBS Group boosted their target price on Stifel Financial from $116.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Wolfe Research upgraded Stifel Financial from a “peer perform” rating to an “outperform” rating and set a $108.00 target price for the company in a research note on Thursday. Citigroup reduced their price objective on shares of Stifel Financial from $125.00 to $105.00 and set a “neutral” rating for the company in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. cut their price target on shares of Stifel Financial from $123.00 to $100.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Finally, StockNews.com upgraded Stifel Financial from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $105.50.

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.