Janney Montgomery Scott LLC Acquires 738 Shares of Stifel Financial Corp. (NYSE:SF)

Janney Montgomery Scott LLC grew its holdings in Stifel Financial Corp. (NYSE:SFGet Rating) by 21.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,168 shares of the financial services provider’s stock after acquiring an additional 738 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Stifel Financial were worth $233,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SF. Vanguard Group Inc. raised its stake in Stifel Financial by 2.8% in the first quarter. Vanguard Group Inc. now owns 9,984,230 shares of the financial services provider’s stock valued at $677,930,000 after purchasing an additional 268,395 shares in the last quarter. State Street Corp raised its stake in Stifel Financial by 1.8% in the first quarter. State Street Corp now owns 2,782,233 shares of the financial services provider’s stock valued at $188,914,000 after purchasing an additional 49,664 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Stifel Financial by 2.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,008,849 shares of the financial services provider’s stock valued at $68,501,000 after purchasing an additional 26,535 shares in the last quarter. Prudential Financial Inc. raised its stake in Stifel Financial by 77.6% in the first quarter. Prudential Financial Inc. now owns 901,715 shares of the financial services provider’s stock valued at $61,227,000 after purchasing an additional 393,943 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Stifel Financial by 5.6% in the first quarter. Bank of America Corp DE now owns 891,924 shares of the financial services provider’s stock valued at $60,563,000 after purchasing an additional 47,110 shares in the last quarter. Institutional investors own 84.77% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on SF shares. JMP Securities dropped their price target on Stifel Financial from $100.00 to $98.00 and set a “market outperform” rating for the company in a research note on Tuesday, October 11th. Citigroup began coverage on Stifel Financial in a research note on Tuesday, October 11th. They set a “neutral” rating and a $60.00 target price for the company. Finally, StockNews.com began coverage on Stifel Financial in a research note on Wednesday, October 12th. They set a “hold” rating for the company.

Stifel Financial Stock Down 2.5 %

Shares of NYSE SF opened at $63.90 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 0.32. The company has a market cap of $6.79 billion, a price-to-earnings ratio of 10.63 and a beta of 1.29. Stifel Financial Corp. has a 12 month low of $49.31 and a 12 month high of $83.28. The stock has a 50-day moving average price of $57.80 and a two-hundred day moving average price of $59.35.

Stifel Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Wednesday, November 30th. Stifel Financial’s dividend payout ratio (DPR) is currently 19.97%.

Stifel Financial Profile

(Get Rating)

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, the United Kingdom, the rest of Europe, and Canada.

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Institutional Ownership by Quarter for Stifel Financial (NYSE:SF)

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