Bank of Montreal Can increased its holdings in Stifel Financial Corp. (NYSE:SF – Free Report) by 4.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 51,751 shares of the financial services provider’s stock after buying an additional 2,423 shares during the period. Bank of Montreal Can owned 0.05% of Stifel Financial worth $4,357,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. First Trust Advisors LP lifted its holdings in shares of Stifel Financial by 12.4% in the fourth quarter. First Trust Advisors LP now owns 525,026 shares of the financial services provider’s stock worth $36,306,000 after buying an additional 58,013 shares in the last quarter. Integrated Advisors Network LLC bought a new position in Stifel Financial in the 4th quarter valued at $3,600,000. Quadrature Capital Ltd purchased a new position in shares of Stifel Financial during the 4th quarter valued at $649,000. HighPoint Advisor Group LLC bought a new position in shares of Stifel Financial in the fourth quarter worth $215,000. Finally, Los Angeles Capital Management LLC bought a new stake in Stifel Financial during the first quarter valued at $2,251,000. 82.01% of the stock is currently owned by hedge funds and other institutional investors.
Stifel Financial Trading Down 0.5 %
Shares of SF opened at $93.40 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.80 and a current ratio of 0.84. Stifel Financial Corp. has a fifty-two week low of $54.81 and a fifty-two week high of $94.18. The firm has a 50 day moving average price of $86.28 and a 200-day moving average price of $82.06. The firm has a market cap of $9.57 billion, a price-to-earnings ratio of 21.23 and a beta of 1.09.
Stifel Financial Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend was Tuesday, September 3rd. Stifel Financial’s dividend payout ratio (DPR) is presently 38.18%.
Analysts Set New Price Targets
A number of brokerages have weighed in on SF. Wells Fargo & Company started coverage on Stifel Financial in a report on Thursday, September 12th. They issued an “overweight” rating and a $101.00 price target on the stock. The Goldman Sachs Group raised their target price on shares of Stifel Financial from $85.00 to $94.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. Wolfe Research cut shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 22nd. TD Cowen increased their price target on shares of Stifel Financial from $85.00 to $88.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Finally, StockNews.com downgraded shares of Stifel Financial from a “buy” rating to a “hold” rating in a report on Friday, September 20th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $94.67.
View Our Latest Stock Analysis on SF
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.
Featured Articles
- Five stocks we like better than Stifel Financial
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- Why Lennar Stock Could Be the Best Play in the Housing Market
- Top Stocks Investing in 5G Technology
- 2 Energy Stocks Fueling the AI Datacenter Boom
- How to Evaluate a Stock Before BuyingÂ
- Will Marinus Pharmaceuticals Be the Next Big Winner in Biotech?
Receive News & Ratings for Stifel Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stifel Financial and related companies with MarketBeat.com's FREE daily email newsletter.