Mercer Global Advisors Inc. ADV Sells 1,066 Shares of Stifel Financial Corp. (NYSE:SF)

Mercer Global Advisors Inc. ADV cut its holdings in Stifel Financial Corp. (NYSE:SF) by 10.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,068 shares of the financial services provider’s stock after selling 1,066 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Stifel Financial were worth $962,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SF. FMR LLC grew its stake in shares of Stifel Financial by 8.5% in the 4th quarter. FMR LLC now owns 8,628,832 shares of the financial services provider’s stock worth $915,346,000 after buying an additional 672,420 shares in the last quarter. Wellington Management Group LLP grew its position in Stifel Financial by 32.2% in the fourth quarter. Wellington Management Group LLP now owns 2,588,964 shares of the financial services provider’s stock worth $274,637,000 after acquiring an additional 630,255 shares in the last quarter. Fisher Asset Management LLC grew its position in Stifel Financial by 5.2% in the fourth quarter. Fisher Asset Management LLC now owns 1,540,584 shares of the financial services provider’s stock worth $163,425,000 after acquiring an additional 76,163 shares in the last quarter. Norges Bank purchased a new stake in Stifel Financial during the fourth quarter valued at approximately $137,448,000. Finally, Invesco Ltd. lifted its stake in shares of Stifel Financial by 18.2% in the 4th quarter. Invesco Ltd. now owns 1,207,465 shares of the financial services provider’s stock valued at $128,088,000 after purchasing an additional 186,352 shares during the last quarter. Institutional investors own 82.01% of the company’s stock.

Wall Street Analyst Weigh In

SF has been the subject of a number of analyst reports. TD Cowen lowered their price target on Stifel Financial from $124.00 to $84.00 and set a “hold” rating for the company in a research report on Wednesday, April 9th. The Goldman Sachs Group dropped their price target on shares of Stifel Financial from $121.00 to $105.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. UBS Group increased their price objective on shares of Stifel Financial from $116.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. dropped their target price on Stifel Financial from $123.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Finally, Citigroup reduced their price target on Stifel Financial from $125.00 to $105.00 and set a “neutral” rating on the stock in a report on Wednesday, April 2nd. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Stifel Financial has an average rating of “Hold” and an average price target of $105.50.

Stifel Financial Trading Down 0.2 %

Shares of NYSE SF opened at $91.39 on Friday. Stifel Financial Corp. has a twelve month low of $73.27 and a twelve month high of $120.64. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. The business has a fifty day simple moving average of $89.88 and a two-hundred day simple moving average of $103.11. The firm has a market cap of $9.42 billion, a PE ratio of 14.65 and a beta of 1.07.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.64 by ($1.15). The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. The firm’s revenue was up 7.9% compared to the same quarter last year. During the same period last year, the company earned $1.49 earnings per share. Analysts expect that Stifel Financial Corp. will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Monday, June 2nd. Stifel Financial’s dividend payout ratio (DPR) is 35.18%.

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.