Geode Capital Management LLC Has $159.36 Million Stake in Stifel Financial Corp. (NYSE:SF)

Geode Capital Management LLC boosted its position in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 1.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,696,605 shares of the financial services provider's stock after buying an additional 20,110 shares during the period. Geode Capital Management LLC owned approximately 1.66% of Stifel Financial worth $159,355,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Curi RMB Capital LLC raised its position in Stifel Financial by 15.7% during the 3rd quarter. Curi RMB Capital LLC now owns 69,301 shares of the financial services provider's stock worth $6,507,000 after purchasing an additional 9,396 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in Stifel Financial by 19.7% during the 2nd quarter. Thrivent Financial for Lutherans now owns 51,603 shares of the financial services provider's stock valued at $4,342,000 after purchasing an additional 8,496 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of Stifel Financial by 4,308.9% in the third quarter. Larson Financial Group LLC now owns 5,423 shares of the financial services provider's stock valued at $509,000 after purchasing an additional 5,300 shares in the last quarter. FMR LLC boosted its holdings in Stifel Financial by 18.8% during the 3rd quarter. FMR LLC now owns 7,956,412 shares of the financial services provider's stock worth $747,107,000 after acquiring an additional 1,256,595 shares during the last quarter. Finally, State Street Corp grew its position in Stifel Financial by 1.0% in the 3rd quarter. State Street Corp now owns 3,122,342 shares of the financial services provider's stock worth $293,188,000 after purchasing an additional 31,101 shares in the last quarter. 82.01% of the stock is owned by institutional investors.

Stifel Financial Stock Down 1.0 %

Shares of SF stock traded down $1.12 during mid-day trading on Monday, hitting $109.46. The company's stock had a trading volume of 639,423 shares, compared to its average volume of 567,365. Stifel Financial Corp. has a 52-week low of $66.39 and a 52-week high of $119.12. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. The business has a 50-day moving average price of $108.53 and a 200 day moving average price of $93.03. The stock has a market cap of $11.20 billion, a price-to-earnings ratio of 20.00 and a beta of 1.08.

Stifel Financial (NYSE:SF - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share (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 during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the firm posted $0.60 earnings per share. The business's revenue was up 17.2% on a year-over-year basis. Research analysts predict that Stifel Financial Corp. will post 6.5 EPS for the current fiscal year.

Stifel Financial Announces Dividend

The company also recently announced 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. The ex-dividend date is Monday, December 2nd. This represents a $1.68 dividend on an annualized basis and a yield of 1.53%. Stifel Financial's payout ratio is 30.38%.

Insider Transactions at Stifel Financial

In other news, COO David D. Sliney sold 25,000 shares of Stifel Financial stock in a transaction on Tuesday, November 12th. The stock was 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 in the company, valued at $18,544,535.42. The trade was a 13.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.57% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SF. Wells Fargo & Company lifted their price target 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 upped their price target on Stifel Financial from $90.00 to $102.00 and gave the company a "neutral" rating in a research report on Friday, September 27th. JMP Securities raised their price target on shares of Stifel Financial from $105.00 to $110.00 and gave the company a "market outperform" rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. assumed coverage on shares of Stifel Financial in a research report on Tuesday, December 10th. They issued a "neutral" rating and a $120.00 price objective on the stock. Finally, The Goldman Sachs Group lifted their price target on Stifel Financial from $85.00 to $94.00 and gave the stock a "neutral" rating in a research note on Thursday, September 26th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $105.57.

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.