Stifel Financial Corp. (NYSE:SF) Holdings Reduced by Fiera Capital Corp

Fiera Capital Corp decreased its position in Stifel Financial Corp. (NYSE:SF - Free Report) by 3.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 657,814 shares of the financial services provider's stock after selling 20,761 shares during the period. Fiera Capital Corp owned 0.64% of Stifel Financial worth $61,769,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in SF. GAMMA Investing LLC increased its holdings in Stifel Financial by 27.7% in the third quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider's stock valued at $47,000 after buying an additional 109 shares during the last quarter. Tributary Capital Management LLC increased its stake in Stifel Financial by 1.0% in the third quarter. Tributary Capital Management LLC now owns 12,603 shares of the financial services provider's stock valued at $1,183,000 after purchasing an additional 126 shares during the period. CWM LLC raised its stake in Stifel Financial by 3.8% during the 3rd quarter. CWM LLC now owns 3,940 shares of the financial services provider's stock valued at $370,000 after acquiring an additional 145 shares during the last quarter. Delphi Management Inc. MA grew its position in Stifel Financial by 0.8% in the 2nd quarter. Delphi Management Inc. MA now owns 22,778 shares of the financial services provider's stock valued at $1,917,000 after buying an additional 176 shares during the last quarter. Finally, Busey Bank increased its stake in shares of Stifel Financial by 7.0% during the third quarter. Busey Bank now owns 3,006 shares of the financial services provider's stock worth $282,000 after acquiring an additional 196 shares during the period. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. JMP Securities upped their price target 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. Citigroup lifted their price target on shares of Stifel Financial from $90.00 to $102.00 and gave the company a "neutral" rating in a research report on Friday, September 27th. The Goldman Sachs Group raised their price objective on Stifel Financial from $85.00 to $94.00 and gave the company a "neutral" rating in a research note on Thursday, September 26th. Wolfe Research downgraded Stifel Financial from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 22nd. Finally, StockNews.com cut Stifel Financial from a "buy" rating to a "hold" rating in a research report on Thursday, October 3rd. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $100.33.

Stifel Financial Trading Up 1.1 %

Shares of SF traded up $1.24 on Friday, hitting $115.29. 447,253 shares of the stock traded hands, compared to its average volume of 571,423. The firm has a market capitalization of $11.82 billion, a P/E ratio of 20.85 and a beta of 1.08. The stock's 50 day moving average is $95.56 and its two-hundred day moving average is $86.87. Stifel Financial Corp. has a 1 year low of $59.25 and a 1 year high of $117.76. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 0.38.

Stifel Financial (NYSE:SF - Get Free Report) last released 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 return on equity of 15.11% and a net margin of 12.98%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the company earned $0.60 earnings per share. The company's quarterly revenue was up 17.2% on a year-over-year basis. As a group, sell-side analysts predict that Stifel Financial Corp. will post 6.44 earnings per share for the current year.

Stifel Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.42 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.68 annualized dividend and a yield of 1.46%. Stifel Financial's dividend payout ratio is currently 30.38%.

About Stifel Financial

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.