Truist Financial Corp Has $4.66 Million Holdings in Stifel Financial Corp. (NYSE:SF)

Truist Financial Corp decreased its position in Stifel Financial Corp. (NYSE:SF) by 39.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 43,885 shares of the financial services provider’s stock after selling 28,579 shares during the period. Truist Financial Corp’s holdings in Stifel Financial were worth $4,655,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Mather Group LLC. boosted its holdings in shares of Stifel Financial by 14.6% during the fourth quarter. Mather Group LLC. now owns 707 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 90 shares during the period. CIBC Asset Management Inc increased its position in Stifel Financial by 3.5% during the third quarter. CIBC Asset Management Inc now owns 3,019 shares of the financial services provider’s stock worth $283,000 after buying an additional 102 shares during the last quarter. Tributary Capital Management LLC increased its holdings in shares of Stifel Financial by 1.0% during the 3rd quarter. Tributary Capital Management LLC now owns 12,603 shares of the financial services provider’s stock valued at $1,183,000 after acquiring an additional 126 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Stifel Financial by 46.5% in the fourth quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 145 shares during the period. Finally, Principal Securities Inc. raised its holdings in Stifel Financial by 10.1% in the 4th quarter. Principal Securities Inc. now owns 1,642 shares of the financial services provider’s stock worth $174,000 after acquiring an additional 150 shares during the period. 82.01% of the stock is owned by institutional investors and hedge funds.

Stifel Financial Trading Down 3.1 %

Shares of NYSE:SF opened at $103.93 on Monday. Stifel Financial Corp. has a one year low of $72.78 and a one year high of $120.64. The stock has a market capitalization of $10.64 billion, a PE ratio of 16.65 and a beta of 1.11. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78. The company’s 50-day moving average price is $109.76 and its two-hundred day moving average price is $102.79.

Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.27. Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. On average, equities analysts forecast that Stifel Financial Corp. will post 8.26 EPS 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 given a dividend of $0.46 per share. The ex-dividend date is Monday, March 3rd. This is an increase from Stifel Financial’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a yield of 1.77%. Stifel Financial’s dividend payout ratio (DPR) is 29.49%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company increased their target price on shares of Stifel Financial from $128.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Citigroup increased their target price on shares of Stifel Financial from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. JMP Securities lifted their price objective on Stifel Financial from $125.00 to $135.00 and gave the company a “market outperform” rating in a research report on Thursday, January 30th. UBS Group boosted their target price on shares of Stifel Financial from $116.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. assumed coverage on Stifel Financial in a research note on Tuesday, December 10th. They set a “neutral” rating and a $120.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus 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.