Fiera Capital Corp Sells 14,367 Shares of Stifel Financial Corp. (NYSE:SF)

Fiera Capital Corp trimmed its position in Stifel Financial Corp. (NYSE:SF) by 2.2% during the fourth quarter, Holdings Channel reports. The firm owned 643,447 shares of the financial services provider’s stock after selling 14,367 shares during the quarter. Fiera Capital Corp’s holdings in Stifel Financial were worth $68,257,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Waldron Private Wealth LLC acquired a new stake in shares of Stifel Financial in the third quarter valued at approximately $34,000. Versant Capital Management Inc increased its position in Stifel Financial by 46.5% during the fourth 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. GAMMA Investing LLC boosted its stake in shares of Stifel Financial by 27.7% in the third quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock valued at $47,000 after buying an additional 109 shares during the period. Mather Group LLC. increased its position 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 purchasing an additional 90 shares during the period. Finally, UMB Bank n.a. raised its position in shares of Stifel Financial by 24.1% in the 4th quarter. UMB Bank n.a. now owns 1,080 shares of the financial services provider’s stock valued at $115,000 after buying an additional 210 shares in the last quarter. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Stock Performance

NYSE:SF opened at $107.92 on Thursday. The stock’s 50-day moving average is $110.18 and its 200-day moving average is $101.41. Stifel Financial Corp. has a 1-year low of $72.78 and a 1-year high of $120.64. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27. The stock has a market cap of $11.05 billion, a P/E ratio of 17.29 and a beta of 1.11.

Stifel Financial (NYSE:SF) last posted 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 net margin of 14.00% and a return on equity of 16.59%. Equities research analysts anticipate that Stifel Financial Corp. will post 8.26 earnings per share for the current year.

Stifel Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.46 per share. This is a positive change from Stifel Financial’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a yield of 1.70%. The ex-dividend date is Monday, March 3rd. Stifel Financial’s dividend payout ratio (DPR) is currently 26.92%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. TD Cowen increased their price target on shares of Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a research report on Thursday, October 24th. JMP Securities lifted their price target on Stifel Financial from $125.00 to $135.00 and gave the company a “market outperform” rating in a research note on Thursday, January 30th. UBS Group upped their price objective on Stifel Financial from $116.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Wells Fargo & Company boosted 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. Finally, Citigroup increased their target price on shares of Stifel Financial from $110.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Stifel Financial has an average rating of “Hold” and an average target price of $117.71.

About Stifel Financial

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.