Stanley Laman Group Ltd. Lowers Stock Position in Stifel Financial Corp. (NYSE:SF)

Stanley Laman Group Ltd. lowered its position in Stifel Financial Corp. (NYSE:SF) by 22.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,978 shares of the financial services provider’s stock after selling 10,917 shares during the period. Stanley Laman Group Ltd.’s holdings in Stifel Financial were worth $3,923,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Mather Group LLC. raised 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 during the last quarter. CIBC Asset Management Inc grew its position in Stifel Financial by 3.5% during the third quarter. CIBC Asset Management Inc now owns 3,019 shares of the financial services provider’s stock valued at $283,000 after buying an additional 102 shares during the period. GAMMA Investing LLC grew its position in Stifel Financial by 27.7% during 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. Tributary Capital Management LLC grew its position in Stifel Financial by 1.0% during the third quarter. Tributary Capital Management LLC now owns 12,603 shares of the financial services provider’s stock valued at $1,183,000 after buying an additional 126 shares during the period. Finally, CWM LLC grew its position in Stifel Financial by 3.8% during the third quarter. CWM LLC now owns 3,940 shares of the financial services provider’s stock valued at $370,000 after buying an additional 145 shares during the period. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Stifel Financial Price Performance

Shares of NYSE:SF opened at $107.92 on Thursday. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $11.05 billion, a PE ratio of 17.29 and a beta of 1.11. Stifel Financial Corp. has a twelve month low of $72.78 and a twelve month high of $120.64. The company has a 50-day moving average price of $110.18 and a two-hundred day moving average price of $101.41.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.23 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%. Equities analysts forecast that Stifel Financial Corp. will post 8.26 EPS for the current year.

Stifel Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.46 dividend. 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 dividend yield of 1.70%. The ex-dividend date is Monday, March 3rd. Stifel Financial’s dividend payout ratio (DPR) is 26.92%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SF shares. JPMorgan Chase & Co. started coverage on shares of Stifel Financial in a research report on Tuesday, December 10th. They set a “neutral” rating and a $120.00 price target for the company. Citigroup increased their price target on shares of Stifel Financial from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. UBS Group increased their price target on shares of Stifel Financial from $116.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. TD Cowen increased their price target on shares of Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a research report on Thursday, October 24th. Finally, JMP Securities increased their target price on shares of Stifel Financial from $125.00 to $135.00 and gave the stock a “market outperform” rating in a research report on Thursday, January 30th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $117.71.

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.