New Age Alpha Advisors LLC Buys Shares of 58,198 Stifel Financial Corp. (NYSE:SF)

New Age Alpha Advisors LLC purchased a new stake in shares of Stifel Financial Corp. (NYSE:SF) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 58,198 shares of the financial services provider’s stock, valued at approximately $6,174,000. New Age Alpha Advisors LLC owned about 0.06% of Stifel Financial as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Norges Bank purchased a new stake in Stifel Financial in the fourth quarter worth approximately $137,448,000. FMR LLC boosted its stake in shares of Stifel Financial by 18.8% in the 3rd quarter. FMR LLC now owns 7,956,412 shares of the financial services provider’s stock worth $747,107,000 after buying an additional 1,256,595 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Stifel Financial by 78.3% in the third quarter. Wellington Management Group LLP now owns 1,958,709 shares of the financial services provider’s stock worth $183,923,000 after acquiring an additional 860,465 shares during the period. Proficio Capital Partners LLC purchased a new stake in Stifel Financial during the fourth quarter valued at $162,000. Finally, Raymond James Financial Inc. bought a new position in Stifel Financial in the fourth quarter valued at about $11,936,000. 82.01% of the stock is currently owned by institutional investors.

Stifel Financial Trading Down 2.0 %

Shares of Stifel Financial stock opened at $97.10 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. The company has a fifty day moving average of $106.06 and a 200 day moving average of $104.90. The company has a market capitalization of $10.07 billion, a P/E ratio of 15.56 and a beta of 1.08. Stifel Financial Corp. has a fifty-two week low of $73.51 and a fifty-two week high of $120.64.

Stifel Financial (NYSE:SF) last released its earnings results on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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, sell-side analysts anticipate that Stifel Financial Corp. will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.84 annualized dividend and a dividend yield of 1.90%. This is a boost from Stifel Financial’s previous quarterly dividend of $0.42. Stifel Financial’s dividend payout ratio (DPR) is presently 29.49%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SF. Citigroup boosted their price target on Stifel Financial from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. JPMorgan Chase & Co. began coverage on shares of Stifel Financial in a report on Tuesday, December 10th. They set a “neutral” rating and a $120.00 target price for the company. StockNews.com upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Wells Fargo & Company upped their price objective 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, UBS Group lifted their target price on Stifel Financial from $116.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price 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.