Diamond Hill Capital Management Inc. Has $32.17 Million Stock Position in Stifel Financial Corp. (NYSE:SF)

Diamond Hill Capital Management Inc. lowered its stake in Stifel Financial Corp. (NYSE:SF - Free Report) by 4.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 342,542 shares of the financial services provider's stock after selling 15,501 shares during the period. Diamond Hill Capital Management Inc. owned approximately 0.33% of Stifel Financial worth $32,165,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Stifel Financial by 3.9% in the first quarter. Vanguard Group Inc. now owns 10,461,734 shares of the financial services provider's stock valued at $817,794,000 after acquiring an additional 391,384 shares during the last quarter. Earnest Partners LLC grew its position in Stifel Financial by 0.8% in the second quarter. Earnest Partners LLC now owns 2,954,099 shares of the financial services provider's stock valued at $248,587,000 after acquiring an additional 22,040 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Stifel Financial by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,007,738 shares of the financial services provider's stock valued at $168,932,000 after acquiring an additional 7,113 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of 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 purchasing an additional 7,348 shares during the last quarter. Finally, Fiera Capital Corp grew its holdings in shares of Stifel Financial by 1.2% during the second quarter. Fiera Capital Corp now owns 678,575 shares of the financial services provider's stock worth $57,102,000 after purchasing an additional 8,048 shares during the last quarter. Institutional investors own 82.01% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. The Goldman Sachs Group boosted their price target on Stifel Financial from $85.00 to $94.00 and gave the stock a "neutral" rating in a report on Thursday, September 26th. Wells Fargo & Company boosted their price target on Stifel Financial from $108.00 to $113.00 and gave the stock an "overweight" rating in a report on Thursday, October 24th. StockNews.com cut Stifel Financial from a "buy" rating to a "hold" rating in a report on Thursday, October 3rd. JMP Securities boosted their price target on Stifel Financial from $105.00 to $110.00 and gave the stock a "market outperform" rating in a report on Wednesday, October 9th. Finally, TD Cowen boosted their price target on Stifel Financial from $100.00 to $105.00 and gave the stock a "hold" rating in a report on Thursday, October 24th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $100.33.

Stifel Financial Trading Up 1.7 %

Shares of Stifel Financial stock traded up $1.99 during midday trading on Monday, reaching $117.29. The company had a trading volume of 161,443 shares, compared to its average volume of 569,542. The stock has a fifty day moving average price of $96.11 and a 200 day moving average price of $87.26. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.80. The firm has a market cap of $12.00 billion, a PE ratio of 20.85 and a beta of 1.08. Stifel Financial Corp. has a fifty-two week low of $59.25 and a fifty-two week high of $118.12.

Stifel Financial (NYSE:SF - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($0.10). The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.20 billion. Stifel Financial had a net margin of 12.98% and a return on equity of 14.92%. Stifel Financial's quarterly revenue was up 17.2% compared to the same quarter last year. During the same period last year, the firm posted $0.60 earnings per share. On average, equities analysts anticipate that Stifel Financial Corp. will post 6.44 earnings per share for the current year.

Stifel Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Monday, December 2nd. Stifel Financial's payout ratio is 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.