Norges Bank bought a new stake in shares of Stifel Financial Corporation (NYSE:SF – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,377,145 shares of the financial services provider’s stock, valued at approximately $172,446,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Horizon Investments LLC lifted its holdings in shares of Stifel Financial by 146.7% during the 4th quarter. Horizon Investments LLC now owns 63,089 shares of the financial services provider’s stock valued at $7,900,000 after acquiring an additional 37,516 shares in the last quarter. Strs Ohio lifted its holdings in shares of Stifel Financial by 25.8% during the 4th quarter. Strs Ohio now owns 72,168 shares of the financial services provider’s stock valued at $9,037,000 after acquiring an additional 14,779 shares in the last quarter. New Age Alpha Advisors LLC lifted its holdings in shares of Stifel Financial by 38.2% during the 4th quarter. New Age Alpha Advisors LLC now owns 55,946 shares of the financial services provider’s stock valued at $7,006,000 after acquiring an additional 15,470 shares in the last quarter. Algebris UK Ltd. lifted its holdings in shares of Stifel Financial by 29.1% during the 4th quarter. Algebris UK Ltd. now owns 317,834 shares of the financial services provider’s stock valued at $39,818,000 after acquiring an additional 71,636 shares in the last quarter. Finally, Kingsview Wealth Management LLC acquired a new position in shares of Stifel Financial during the 4th quarter valued at $3,578,000. Institutional investors and hedge funds own 82.01% of the company’s stock.
Stifel Financial Stock Performance
Shares of SF stock opened at $69.22 on Thursday. Stifel Financial Corporation has a 12 month low of $61.88 and a 12 month high of $89.83. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.80. The firm has a market capitalization of $10.62 billion, a P/E ratio of 13.47 and a beta of 1.00. The company’s fifty day moving average price is $75.16 and its two-hundred day moving average price is $79.10.
Stifel Financial Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a $0.34 dividend. The ex-dividend date is Monday, June 1st. This represents a $1.36 dividend on an annualized basis and a yield of 2.0%. Stifel Financial’s payout ratio is currently 26.46%.
Analyst Ratings Changes
Several research firms recently weighed in on SF. Zacks Research upgraded shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. UBS Group reduced their target price on shares of Stifel Financial from $100.00 to $89.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. TD Cowen reduced their target price on shares of Stifel Financial from $136.00 to $92.00 and set a “hold” rating on the stock in a report on Monday, March 23rd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Stifel Financial in a report on Friday, May 29th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Stifel Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.15.
Check Out Our Latest Stock Report on Stifel Financial
Stifel Financial Company Profile
Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.
The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.
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