Cetera Investment Advisers Has $1.18 Million Stock Position in Stifel Financial Corp. (NYSE:SF)

Cetera Investment Advisers grew its stake in Stifel Financial Corp. (NYSE:SF) by 13.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,161 shares of the financial services provider’s stock after purchasing an additional 1,309 shares during the quarter. Cetera Investment Advisers’ holdings in Stifel Financial were worth $1,184,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in SF. V Square Quantitative Management LLC acquired a new stake in Stifel Financial during the 4th quarter worth $26,000. Bessemer Group Inc. raised its stake in Stifel Financial by 52.1% during the 4th quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider’s stock worth $34,000 after buying an additional 110 shares during the period. Quarry LP acquired a new stake in Stifel Financial during the 4th quarter worth $49,000. Smartleaf Asset Management LLC raised its stake in Stifel Financial by 26.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 528 shares of the financial services provider’s stock worth $56,000 after buying an additional 111 shares during the period. Finally, Brown Brothers Harriman & Co. raised its stake in Stifel Financial by 84.3% during the 4th quarter. Brown Brothers Harriman & Co. now owns 553 shares of the financial services provider’s stock worth $59,000 after buying an additional 253 shares during the period. Institutional investors and hedge funds own 82.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Wells Fargo & Company dropped their price objective on Stifel Financial from $106.00 to $102.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. Wall Street Zen raised Stifel Financial from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. TD Cowen dropped their price objective on Stifel Financial from $124.00 to $84.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. Citigroup lowered their target price on Stifel Financial from $125.00 to $105.00 and set a “neutral” rating for the company in a report on Wednesday, April 2nd. Finally, UBS Group increased their target price on Stifel Financial from $116.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $105.50.

Stifel Financial Price Performance

SF stock opened at $94.27 on Friday. The stock has a 50-day moving average price of $90.22 and a two-hundred day moving average price of $102.73. The stock has a market cap of $9.68 billion, a PE ratio of 15.11 and a beta of 1.07. 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 1 year low of $73.27 and a 1 year high of $120.64.

Stifel Financial (NYSE:SF) last released its earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($1.15). The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.32 billion. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. Stifel Financial’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the company posted $1.49 EPS. Equities analysts forecast that Stifel Financial Corp. will post 8.26 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Monday, June 2nd. Stifel Financial’s payout ratio is 35.18%.

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.