Charles Schwab Investment Management Inc. Sells 12,690 Shares of Stifel Financial Corp. (NYSE:SF)

Charles Schwab Investment Management Inc. trimmed its holdings in shares of Stifel Financial Corp. (NYSE:SF) by 1.0% during the fourth quarter, HoldingsChannel reports. The fund owned 1,234,326 shares of the financial services provider’s stock after selling 12,690 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Stifel Financial were worth $130,937,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SF. Farther Finance Advisors LLC raised its position in shares of Stifel Financial by 148.1% during the third quarter. Farther Finance Advisors LLC now owns 1,201 shares of the financial services provider’s stock worth $113,000 after acquiring an additional 717 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc increased its position in Stifel Financial by 0.6% during the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 271,680 shares of the financial services provider’s stock valued at $25,511,000 after purchasing an additional 1,546 shares during the period. Assetmark Inc. raised its holdings in Stifel Financial by 6.6% during the 3rd quarter. Assetmark Inc. now owns 26,373 shares of the financial services provider’s stock worth $2,476,000 after purchasing an additional 1,622 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of Stifel Financial by 12.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 7,068 shares of the financial services provider’s stock worth $664,000 after purchasing an additional 803 shares during the period. Finally, Meritage Portfolio Management boosted its stake in shares of Stifel Financial by 9.3% in the 3rd quarter. Meritage Portfolio Management now owns 7,005 shares of the financial services provider’s stock valued at $658,000 after purchasing an additional 596 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Stifel Financial Stock Performance

NYSE SF opened at $96.45 on Friday. The company has a market cap of $10.01 billion, a P/E ratio of 15.46 and a beta of 1.08. The company has a fifty day simple moving average of $109.00 and a 200 day simple moving average of $103.99. 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 Corp. has a 12-month low of $72.78 and a 12-month high of $120.64.

Stifel Financial (NYSE:SF) last issued 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 predict 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 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 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 yield of 1.91%. The ex-dividend date is Monday, March 3rd. Stifel Financial’s payout ratio is currently 29.49%.

Analysts Set New Price Targets

SF has been the topic of several recent analyst reports. JPMorgan Chase & Co. began coverage on shares of Stifel Financial in a report on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 target price on the stock. JMP Securities boosted their price objective on Stifel Financial from $125.00 to $135.00 and gave the company a “market outperform” rating in a research note on Thursday, January 30th. StockNews.com raised Stifel Financial from a “hold” rating to a “buy” rating in a research note on Thursday. UBS Group increased their price target on Stifel Financial from $116.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Finally, Citigroup lifted their price objective on shares of Stifel Financial from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average 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.