Harbor Capital Advisors Inc. Sells 11,448 Shares of Stifel Financial Corp. (NYSE:SF)

Harbor Capital Advisors Inc. lowered its position in Stifel Financial Corp. (NYSE:SF - Free Report) by 21.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,200 shares of the financial services provider's stock after selling 11,448 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in Stifel Financial were worth $4,370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of SF. Waldron Private Wealth LLC purchased a new stake in Stifel Financial during the 3rd quarter valued at about $34,000. GAMMA Investing LLC lifted its position 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 purchasing an additional 109 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of Stifel Financial by 46.5% during the fourth quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider's stock valued at $48,000 after purchasing an additional 145 shares during the period. UMB Bank n.a. grew its holdings in shares of Stifel Financial by 36.6% in the third quarter. UMB Bank n.a. now owns 870 shares of the financial services provider's stock worth $82,000 after purchasing an additional 233 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of Stifel Financial by 148.1% in the third quarter. Farther Finance Advisors LLC now owns 1,201 shares of the financial services provider's stock worth $113,000 after buying an additional 717 shares during the period. 82.01% of the stock is currently owned by institutional investors.

Stifel Financial Stock Down 4.0 %

Shares of Stifel Financial stock traded down $4.38 during trading on Friday, hitting $104.14. The company's stock had a trading volume of 784,601 shares, compared to its average volume of 625,133. Stifel Financial Corp. has a 52 week low of $68.09 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 company has a fifty day simple moving average of $110.82 and a two-hundred day simple moving average of $96.70. The company has a market capitalization of $10.66 billion, a PE ratio of 18.83 and a beta of 1.11.

Stifel Financial (NYSE:SF - Get Free Report) last released its earnings results 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). The company had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.20 billion. Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. The company's revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.60 earnings per share. Equities research analysts predict that Stifel Financial Corp. will post 6.5 earnings per share for the current year.

Stifel Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date was Monday, December 2nd. Stifel Financial's payout ratio is currently 30.38%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. JMP Securities boosted their price objective on shares of Stifel Financial from $105.00 to $110.00 and gave the company a "market outperform" rating in a research report on Wednesday, October 9th. Wells Fargo & Company upped 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. StockNews.com lowered Stifel Financial from a "buy" rating to a "hold" rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. began coverage on Stifel Financial in a report on Tuesday, December 10th. They set a "neutral" rating and a $120.00 target price for the company. Finally, TD Cowen lifted their price target on shares of Stifel Financial from $100.00 to $105.00 and gave the company a "hold" rating in a report on Thursday, October 24th. Seven 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.com, the company has a consensus rating of "Hold" and an average target price of $107.43.

Insider Activity at Stifel Financial

In other news, COO David D. Sliney sold 25,000 shares of the firm's stock in a transaction on 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 transaction, the chief operating officer now directly owns 159,619 shares in the company, valued at $18,544,535.42. This trade represents a 13.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 4.57% of the stock is currently owned by insiders.

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.