Larson Financial Group LLC Sells 1,010 Shares of Stifel Financial Corp. (NYSE:SF)

Larson Financial Group LLC lowered its holdings in shares of Stifel Financial Corp. (NYSE:SF) by 18.6% during the fourth quarter, Holdings Channel reports. The firm owned 4,413 shares of the financial services provider’s stock after selling 1,010 shares during the period. Larson Financial Group LLC’s holdings in Stifel Financial were worth $468,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SF. FMR LLC boosted its position in Stifel Financial by 18.8% during the third quarter. FMR LLC now owns 7,956,412 shares of the financial services provider’s stock worth $747,107,000 after purchasing an additional 1,256,595 shares during the period. State Street Corp lifted its stake in shares of Stifel Financial by 1.0% in the third quarter. State Street Corp now owns 3,122,342 shares of the financial services provider’s stock worth $293,188,000 after buying an additional 31,101 shares during the last quarter. Stifel Financial Corp boosted its holdings in shares of Stifel Financial by 1.5% during the 3rd quarter. Stifel Financial Corp now owns 2,279,267 shares of the financial services provider’s stock worth $214,023,000 after buying an additional 33,953 shares during the period. Wellington Management Group LLP grew its stake in Stifel Financial by 78.3% in the 3rd quarter. Wellington Management Group LLP now owns 1,958,709 shares of the financial services provider’s stock valued at $183,923,000 after buying an additional 860,465 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Stifel Financial by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,696,605 shares of the financial services provider’s stock worth $159,355,000 after acquiring an additional 20,110 shares during the period. Institutional investors and hedge funds own 82.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company upped their price target on shares of Stifel Financial from $128.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Citigroup raised their target price on Stifel Financial from $110.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, January 10th. StockNews.com raised Stifel Financial from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. assumed coverage on Stifel Financial in a research report on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 price objective for the company. Finally, UBS Group boosted their target price 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. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $117.71.

Stifel Financial Stock Performance

Shares of NYSE SF opened at $91.71 on Tuesday. The firm has a market capitalization of $9.52 billion, a price-to-earnings ratio of 14.70 and a beta of 1.08. Stifel Financial Corp. has a one year low of $72.78 and a one year high of $120.64. The business has a fifty day simple moving average of $109.00 and a 200 day simple moving average of $104.12. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27.

Stifel Financial (NYSE:SF) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts expect that Stifel Financial Corp. will post 8.26 EPS for the current year.

Stifel Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.46 per share. This is a boost from Stifel Financial’s previous quarterly dividend of $0.42. The ex-dividend date is Monday, March 3rd. This represents a $1.84 dividend on an annualized basis and a yield of 2.01%. Stifel Financial’s dividend payout ratio (DPR) is currently 29.49%.

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.