Los Angeles Capital Management LLC Sells 43,045 Shares of Stifel Financial Corp. (NYSE:SF)

Los Angeles Capital Management LLC lessened its position in Stifel Financial Corp. (NYSE:SF) by 14.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 262,010 shares of the financial services provider’s stock after selling 43,045 shares during the quarter. Los Angeles Capital Management LLC owned 0.26% of Stifel Financial worth $27,794,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. FMR LLC lifted its holdings in Stifel Financial by 18.8% in the third 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 period. Wellington Management Group LLP increased its position in shares of Stifel Financial by 78.3% during the third quarter. Wellington Management Group LLP now owns 1,958,709 shares of the financial services provider’s stock valued at $183,923,000 after acquiring an additional 860,465 shares in the last quarter. Icon Wealth Advisors LLC bought a new stake in shares of Stifel Financial during the third quarter valued at approximately $12,290,000. Fisher Asset Management LLC increased its position in shares of Stifel Financial by 4.7% during the third quarter. Fisher Asset Management LLC now owns 1,464,421 shares of the financial services provider’s stock valued at $137,509,000 after acquiring an additional 65,113 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Stifel Financial by 316.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 69,761 shares of the financial services provider’s stock worth $7,400,000 after purchasing an additional 52,991 shares during the period. 82.01% of the stock is owned by institutional investors.

Stifel Financial Stock Performance

SF opened at $103.85 on Wednesday. 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 firm has a market capitalization of $10.63 billion, a PE ratio of 16.64 and a beta of 1.11. The firm’s 50-day moving average price is $109.61 and its 200 day moving average price is $103.12. Stifel Financial Corp. has a twelve month low of $72.78 and a twelve month high of $120.64.

Stifel Financial (NYSE:SF) last released its quarterly earnings results 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%. As a group, sell-side analysts expect that Stifel Financial Corp. will post 8.26 EPS for the current fiscal year.

Stifel Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.77%. The ex-dividend date is Monday, March 3rd. This is a boost from Stifel Financial’s previous quarterly dividend of $0.42. Stifel Financial’s payout ratio is 29.49%.

Analysts Set New Price Targets

SF has been the topic of a number of analyst reports. StockNews.com upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. assumed coverage on shares of Stifel Financial in a report on Tuesday, December 10th. They set a “neutral” rating and a $120.00 price target on the stock. UBS Group upped their price target on shares of Stifel Financial from $116.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Citigroup boosted their price objective 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. Finally, Wells Fargo & Company boosted their price objective on shares of Stifel Financial from $128.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $117.71.

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.