Fmr LLC Grows Stock Position in Stifel Financial Corp. (NYSE:SF)

FMR LLC increased its holdings in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 18.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,956,412 shares of the financial services provider's stock after acquiring an additional 1,256,595 shares during the quarter. FMR LLC owned about 7.77% of Stifel Financial worth $747,107,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SF. Advisors Asset Management Inc. acquired a new stake in shares of Stifel Financial in the 1st quarter worth $146,000. Price T Rowe Associates Inc. MD grew its stake in shares of 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 valued at $4,055,000 after buying an additional 2,419 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in Stifel Financial by 7.9% during the 1st 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. Hancock Whitney Corp purchased a new position in Stifel Financial during the 1st quarter valued at about $591,000. Finally, Comerica Bank grew its position in Stifel Financial by 7.7% in the 1st quarter. Comerica Bank now owns 52,358 shares of the financial services provider's stock valued at $4,093,000 after acquiring an additional 3,747 shares in the last quarter. Hedge funds and other institutional investors own 82.01% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Stifel Financial from $113.00 to $130.00 and gave the company an "overweight" rating in a research note on Wednesday, November 13th. StockNews.com cut Stifel Financial from a "buy" rating to a "hold" rating in a research note on Thursday, October 3rd. JMP Securities boosted their target price on Stifel Financial from $105.00 to $110.00 and gave the stock a "market outperform" rating in a research note on Wednesday, October 9th. TD Cowen increased 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. Finally, Citigroup boosted their price objective on Stifel Financial from $90.00 to $102.00 and gave the stock a "neutral" rating in a research report on Friday, September 27th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Stifel Financial presently has an average rating of "Hold" and a consensus price target of $103.17.

Insiders Place Their Bets

In related news, COO David D. Sliney sold 25,000 shares of the stock in a transaction that occurred 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 sale, the chief operating officer now owns 159,619 shares of the company's stock, valued at approximately $18,544,535.42. This represents a 13.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.57% of the stock is currently owned by insiders.

Stifel Financial Trading Down 0.4 %

Shares of NYSE:SF traded down $0.48 during trading on Friday, reaching $115.80. The stock had a trading volume of 294,528 shares, compared to its average volume of 569,976. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. The stock has a market cap of $11.85 billion, a P/E ratio of 21.03 and a beta of 1.08. The business has a fifty day moving average price of $104.28 and a 200-day moving average price of $90.50. Stifel Financial Corp. has a fifty-two week low of $60.45 and a fifty-two week high of $119.12.

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 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%. The company's revenue was up 17.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 earnings per share. As a group, analysts anticipate that Stifel Financial Corp. will post 6.44 earnings per share for the current fiscal 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 given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Monday, December 2nd. Stifel Financial's dividend payout ratio (DPR) is 30.38%.

Stifel Financial Company 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.