Sei Investments Co. Has $23.67 Million Holdings in Stifel Financial Corp. (NYSE:SF)

Sei Investments Co. decreased its position in Stifel Financial Corp. (NYSE:SF) by 3.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 223,113 shares of the financial services provider’s stock after selling 9,097 shares during the period. Sei Investments Co.’s holdings in Stifel Financial were worth $23,668,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mather Group LLC. lifted its holdings 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 valued at $75,000 after purchasing an additional 90 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in Stifel Financial by 26.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 528 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 111 shares in the last quarter. Versant Capital Management Inc boosted its position in Stifel Financial by 46.5% during the 4th quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 145 shares during the period. Principal Securities Inc. grew its stake in Stifel Financial by 10.1% during the 4th quarter. Principal Securities Inc. now owns 1,642 shares of the financial services provider’s stock valued at $174,000 after acquiring an additional 150 shares in the last quarter. Finally, Rehmann Capital Advisory Group increased its holdings in shares of Stifel Financial by 4.9% in the 3rd quarter. Rehmann Capital Advisory Group now owns 3,234 shares of the financial services provider’s stock valued at $306,000 after purchasing an additional 151 shares during the period. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on SF. UBS Group raised their price target on shares of Stifel Financial from $116.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. started coverage on shares of Stifel Financial in a report on Tuesday, December 10th. They set a “neutral” rating and a $120.00 price target on the stock. Citigroup upped their price target on shares of Stifel Financial from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. StockNews.com upgraded Stifel Financial from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. Finally, JMP Securities raised their price target on Stifel Financial from $125.00 to $135.00 and gave the stock a “market outperform” rating in a research note on Thursday, January 30th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $117.71.

Stifel Financial Price Performance

Shares of NYSE:SF opened at $99.04 on Thursday. The stock has a market capitalization of $10.28 billion, a P/E ratio of 15.87 and a beta of 1.08. The business has a 50-day moving average of $106.35 and a two-hundred day moving average of $104.96. Stifel Financial Corp. has a fifty-two week low of $73.51 and a fifty-two week high of $120.64. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78.

Stifel Financial (NYSE:SF) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share (EPS) 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, equities research analysts predict that Stifel Financial Corp. will post 8.26 EPS for the current fiscal year.

Stifel Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.46 dividend. The ex-dividend date was Monday, March 3rd. This is a positive change from Stifel Financial’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a yield of 1.86%. Stifel Financial’s dividend payout ratio (DPR) is presently 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.