Metropolitan Life Insurance Co. NY trimmed its holdings in Stifel (NYSE:SF) by 64.0% in the 4th quarter, HoldingsChannel reports. The fund owned 38,480 shares of the financial services provider’s stock after selling 68,548 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Stifel were worth $2,292,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. Jane Street Group LLC lifted its stake in shares of Stifel by 145.4% in the fourth quarter. Jane Street Group LLC now owns 12,417 shares of the financial services provider’s stock worth $740,000 after buying an additional 7,357 shares during the last quarter. Zeke Capital Advisors LLC acquired a new stake in shares of Stifel in the fourth quarter worth $247,000. Flinton Capital Management LLC lifted its stake in shares of Stifel by 21.2% in the fourth quarter. Flinton Capital Management LLC now owns 8,316 shares of the financial services provider’s stock worth $495,000 after buying an additional 1,456 shares during the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of Stifel in the fourth quarter worth $3,735,000. Finally, Elkfork Partners LLC acquired a new stake in shares of Stifel in the fourth quarter worth $389,000. 86.00% of the stock is owned by institutional investors.
A number of brokerages have recently weighed in on SF. Wells Fargo boosted their price objective on shares of Stifel from $71.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Nomura boosted their price objective on shares of Stifel from $77.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Zacks Investment Research upgraded shares of Stifel from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a research note on Wednesday, March 14th. ValuEngine upgraded shares of Stifel from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Finally, Goldman Sachs upgraded shares of Stifel from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $56.00 to $77.00 in a research note on Monday, January 8th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $71.20.
Stifel stock opened at $56.74 on Friday. The company has a market cap of $4,076.83, a price-to-earnings ratio of 14.19, a P/E/G ratio of 0.93 and a beta of 1.67. Stifel has a one year low of $41.93 and a one year high of $68.76. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.62 and a current ratio of 0.69.
Stifel (NYSE:SF) last released its earnings results on Tuesday, January 30th. The financial services provider reported $1.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.55. The firm had revenue of $804.10 million during the quarter, compared to analysts’ expectations of $745.44 million. Stifel had a net margin of 6.25% and a return on equity of 12.04%. The business’s quarterly revenue was up 21.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.68 EPS. equities analysts predict that Stifel will post 5.1 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were paid a dividend of $0.12 per share. This is a boost from Stifel’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend was Wednesday, February 28th. Stifel’s dividend payout ratio is presently 22.43%.
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Stifel Company Profile
Stifel Financial Corp. is a financial holding company. Its principal subsidiary is Stifel, Nicolaus & Company, Incorporated, a retail and institutional wealth management and investment banking firm. It operates through three segments: Global Wealth Management, Institutional Group and Other. The Global Wealth Management segment consists of the Private Client Group and Stifel Bank businesses.
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