Stifel Financial Corp. (NYSE:SF) Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its stake in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 4.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,464,421 shares of the financial services provider's stock after purchasing an additional 65,113 shares during the quarter. Fisher Asset Management LLC owned about 1.43% of Stifel Financial worth $137,509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in SF. Bessemer Group Inc. boosted its holdings in Stifel Financial by 388.3% in the first quarter. Bessemer Group Inc. now owns 796 shares of the financial services provider's stock worth $62,000 after acquiring an additional 633 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in Stifel Financial in the first quarter worth about $146,000. Price T Rowe Associates Inc. MD boosted its holdings in Stifel Financial by 4.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 51,865 shares of the financial services provider's stock worth $4,055,000 after acquiring an additional 2,419 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in Stifel Financial by 7.9% in the first quarter. B. Riley Wealth Advisors Inc. now owns 13,881 shares of the financial services provider's stock worth $1,085,000 after acquiring an additional 1,016 shares in the last quarter. Finally, Redwood Investment Management LLC acquired a new stake in Stifel Financial in the first quarter worth about $1,517,000. Institutional investors own 82.01% of the company's stock.

Analysts Set New Price Targets

SF has been the subject of several recent research reports. TD Cowen lifted their price target on Stifel Financial from $100.00 to $105.00 and gave the company a "hold" rating in a research report on Thursday, October 24th. The Goldman Sachs Group boosted their price objective on Stifel Financial from $85.00 to $94.00 and gave the company a "neutral" rating in a research report on Thursday, September 26th. Wells Fargo & Company boosted their price objective on Stifel Financial from $113.00 to $130.00 and gave the company an "overweight" rating in a research report on Wednesday, November 13th. Citigroup boosted their price objective on Stifel Financial from $90.00 to $102.00 and gave the company a "neutral" rating in a research report on Friday, September 27th. Finally, StockNews.com cut Stifel Financial from a "buy" rating to a "hold" rating in a research report on Thursday, October 3rd. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $103.17.

Stifel Financial Trading Down 0.9 %

Shares of SF stock traded down $1.04 on Tuesday, hitting $116.68. The stock had a trading volume of 525,715 shares, compared to its average volume of 571,932. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78. The firm has a market capitalization of $11.94 billion, a P/E ratio of 20.99 and a beta of 1.08. Stifel Financial Corp. has a 1 year low of $60.17 and a 1 year high of $119.12. The company's 50 day moving average price is $102.74 and its 200-day moving average price is $89.91.

Stifel Financial (NYSE:SF - Get Free Report) last posted its quarterly earnings data 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). Stifel Financial had a net margin of 12.98% and a return on equity of 14.92%. The firm had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.20 billion. During the same quarter in the prior year, the firm posted $0.60 EPS. Stifel Financial's quarterly revenue was up 17.2% compared to the same quarter last year. Analysts anticipate that Stifel Financial Corp. will post 6.44 earnings per share for the current year.

Stifel Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.44%. Stifel Financial's payout ratio is currently 30.38%.

Insider Activity

In related news, COO David D. Sliney sold 25,000 shares of the company's stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $116.18, for a total value of $2,904,500.00. Following the completion of the sale, the chief operating officer now directly owns 159,619 shares of the company's stock, valued at $18,544,535.42. This represents a 13.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company 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.