MetLife Investment Management LLC Purchases 4,716 Shares of Stifel Financial Corp. (NYSE:SF)

by · The Markets Daily

MetLife Investment Management LLC grew its position in Stifel Financial Corp. (NYSE:SF – Free Report) by 8.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 57,643 shares of the financial services provider’s stock after buying an additional 4,716 shares during the quarter. MetLife Investment Management LLC’s holdings in Stifel Financial were worth $6,115,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Natixis bought a new stake in Stifel Financial during the 4th quarter worth about $1,249,000. Curi RMB Capital LLC grew its stake in shares of Stifel Financial by 4.9% during the fourth quarter. Curi RMB Capital LLC now owns 72,704 shares of the financial services provider’s stock valued at $7,712,000 after purchasing an additional 3,403 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Stifel Financial by 65.2% during the fourth quarter. First Trust Advisors LP now owns 129,459 shares of the financial services provider’s stock valued at $13,733,000 after purchasing an additional 51,103 shares during the last quarter. Forum Financial Management LP increased its holdings in shares of Stifel Financial by 24.4% in the fourth quarter. Forum Financial Management LP now owns 3,219 shares of the financial services provider’s stock valued at $341,000 after purchasing an additional 631 shares in the last quarter. Finally, GeoWealth Management LLC raised its position in Stifel Financial by 495.0% in the 4th quarter. GeoWealth Management LLC now owns 2,636 shares of the financial services provider’s stock worth $280,000 after purchasing an additional 2,193 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors.

Stifel Financial Stock Up 3.3 %

Shares of NYSE SF opened at $85.82 on Wednesday. Stifel Financial Corp. has a 52-week low of $73.27 and a 52-week high of $120.64. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. The stock has a market cap of $8.90 billion, a P/E ratio of 13.75 and a beta of 1.00. The firm has a 50 day moving average price of $94.76 and a 200 day moving average price of $104.15.

Stifel Financial (NYSE:SF – Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share (EPS) for the quarter, beating 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%. Analysts expect that Stifel Financial Corp. will post 8.26 EPS for the current year.

Stifel Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.14%. This is a boost from Stifel Financial’s previous quarterly dividend of $0.42. The ex-dividend date was Monday, March 3rd. Stifel Financial’s payout ratio is presently 29.49%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SF. Citigroup decreased their price objective on Stifel Financial from $125.00 to $105.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. lowered their price objective on Stifel Financial from $123.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. StockNews.com raised Stifel Financial from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. The Goldman Sachs Group reduced their target price on shares of Stifel Financial from $121.00 to $105.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. Finally, JMP Securities dropped their price target on shares of Stifel Financial from $135.00 to $120.00 and set a “market outperform” rating for the company in a research note on Tuesday, April 8th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Stifel Financial has an average rating of “Hold” and an average target price of $105.71.

Get Our Latest Stock Report on Stifel Financial

About Stifel Financial

(Free Report)

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.

See Also

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