B. Riley Wealth Advisors Inc. Has $690,000 Position in Stifel Financial Corp. (NYSE:SF)

B. Riley Wealth Advisors Inc. lessened its holdings in Stifel Financial Corp. (NYSE:SF - Free Report) by 42.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,344 shares of the financial services provider's stock after selling 5,356 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in Stifel Financial were worth $690,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in SF. FMR LLC boosted its holdings in shares of Stifel Financial by 18.8% during the third quarter. FMR LLC now owns 7,956,412 shares of the financial services provider's stock worth $747,107,000 after acquiring an additional 1,256,595 shares during the period. State Street Corp lifted its holdings in Stifel Financial by 1.0% during the 3rd quarter. State Street Corp now owns 3,122,342 shares of the financial services provider's stock worth $293,188,000 after purchasing an additional 31,101 shares during the last quarter. Earnest Partners LLC boosted its stake in Stifel Financial by 0.8% in the 2nd quarter. Earnest Partners LLC now owns 2,954,099 shares of the financial services provider's stock valued at $248,587,000 after purchasing an additional 22,040 shares during the period. Stifel Financial Corp boosted its stake in Stifel Financial by 1.5% in the 3rd quarter. Stifel Financial Corp now owns 2,279,267 shares of the financial services provider's stock valued at $214,023,000 after purchasing an additional 33,953 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Stifel Financial by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,007,738 shares of the financial services provider's stock valued at $168,932,000 after buying an additional 7,113 shares in the last quarter. Institutional investors and hedge funds own 82.01% of the company's stock.

Analyst Ratings Changes

SF has been the subject of a number of recent research reports. Wells Fargo & Company boosted their target price on shares of Stifel Financial from $113.00 to $130.00 and gave the company an "overweight" rating in a research report on Wednesday, November 13th. JMP Securities lifted their price objective on shares of Stifel Financial from $105.00 to $110.00 and gave the stock a "market outperform" rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. initiated coverage on shares of Stifel Financial in a research report on Tuesday, December 10th. They set a "neutral" rating and a $120.00 target price on the stock. StockNews.com downgraded shares of Stifel Financial from a "buy" rating to a "hold" rating in a research report on Thursday, October 3rd. Finally, The Goldman Sachs Group boosted their price target on Stifel Financial from $85.00 to $94.00 and gave the company a "neutral" rating in a research note on Thursday, September 26th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Stifel Financial presently has an average rating of "Hold" and a consensus target price of $105.57.

Insiders Place Their Bets

In other news, COO David D. Sliney sold 25,000 shares of the company's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $116.18, for a total transaction of $2,904,500.00. Following the completion of the transaction, the chief operating officer now directly owns 159,619 shares in the company, valued at approximately $18,544,535.42. This represents a 13.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.57% of the company's stock.

Stifel Financial Price Performance

Shares of NYSE SF traded down $0.05 during trading hours on Thursday, hitting $102.27. 987,163 shares of the stock were exchanged, compared to its average volume of 568,952. The company's fifty day simple moving average is $109.15 and its two-hundred day simple moving average is $93.49. The company has a market cap of $10.47 billion, a PE ratio of 18.49 and a beta of 1.08. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. Stifel Financial Corp. has a 1-year low of $66.64 and a 1-year high of $119.12.

Stifel Financial (NYSE:SF - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share for the quarter, missing analysts' consensus estimates of $1.60 by ($0.10). Stifel Financial had a net margin of 12.98% and a return on equity of 14.92%. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the business posted $0.60 EPS. The company's revenue for the quarter was up 17.2% compared to the same quarter last year. On average, sell-side analysts predict that Stifel Financial Corp. will post 6.5 EPS for the current year.

Stifel Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date was Monday, December 2nd. Stifel Financial's dividend payout ratio is presently 30.38%.

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.