12,656 Shares in Stifel Financial Corp. (NYSE:SF) Purchased by Cinctive Capital Management LP

Cinctive Capital Management LP bought a new stake in Stifel Financial Corp. (NYSE:SF - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 12,656 shares of the financial services provider's stock, valued at approximately $1,188,000.

A number of other institutional investors have also recently bought and sold shares of SF. FMR LLC grew its stake in 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 buying an additional 1,256,595 shares during the period. Earnest Partners LLC grew its stake in Stifel Financial by 0.8% during the second quarter. Earnest Partners LLC now owns 2,954,099 shares of the financial services provider's stock worth $248,587,000 after buying an additional 22,040 shares during the period. Dimensional Fund Advisors LP grew its stake in Stifel Financial by 0.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,007,738 shares of the financial services provider's stock worth $168,932,000 after buying an additional 7,113 shares during the period. Fisher Asset Management LLC grew its stake in Stifel Financial by 4.7% during the third quarter. Fisher Asset Management LLC now owns 1,464,421 shares of the financial services provider's stock worth $137,509,000 after buying an additional 65,113 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Stifel Financial by 0.6% during the second quarter. Bank of New York Mellon Corp now owns 1,189,048 shares of the financial services provider's stock worth $100,058,000 after buying an additional 7,348 shares during the period. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SF has been the topic 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 stock an "overweight" rating in a research report on Wednesday, November 13th. JMP Securities upped their target price on shares of Stifel Financial from $105.00 to $110.00 and gave the company a "market outperform" rating in a research note on Wednesday, October 9th. TD Cowen upped their target price on shares of Stifel Financial from $100.00 to $105.00 and gave the company a "hold" rating in a research note on Thursday, October 24th. StockNews.com downgraded shares of Stifel Financial from a "buy" rating to a "hold" rating in a research note on Thursday, October 3rd. Finally, Citigroup upped their target price on shares of Stifel Financial from $90.00 to $102.00 and gave the company a "neutral" rating in a research note on Friday, September 27th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Stifel Financial presently has an average rating of "Hold" and an average target price of $103.17.

Stifel Financial Stock Down 0.1 %

NYSE SF traded down $0.17 during trading hours on Wednesday, reaching $113.58. 398,991 shares of the company traded hands, compared to its average volume of 568,781. Stifel Financial Corp. has a 12 month low of $62.79 and a 12 month high of $119.12. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $11.63 billion, a PE ratio of 20.54 and a beta of 1.08. The company has a 50 day moving average of $106.02 and a two-hundred day moving average of $91.43.

Stifel Financial (NYSE:SF - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $1.50 EPS 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 company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the company earned $0.60 earnings per share. The company's revenue was up 17.2% compared to the same quarter last year. As a group, equities analysts expect that Stifel Financial Corp. will post 6.44 earnings per share for the current year.

Stifel Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.42 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.48%. Stifel Financial's payout ratio is currently 30.38%.

Insider Transactions at Stifel Financial

In other Stifel Financial news, COO David D. Sliney sold 25,000 shares of the firm's stock in a transaction dated 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 transaction, the chief operating officer now owns 159,619 shares of the company's stock, valued at approximately $18,544,535.42. This trade represents a 13.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.57% of the company's stock.

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.