Hotchkis & Wiley Capital Management LLC Has $44.21 Million Position in Stifel Financial Corp. (NYSE:SF)

Hotchkis & Wiley Capital Management LLC lowered its position in Stifel Financial Corp. (NYSE:SF - Free Report) by 9.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 470,774 shares of the financial services provider's stock after selling 46,310 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 0.46% of Stifel Financial worth $44,206,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc boosted its stake in Stifel Financial by 1,818.8% in the 2nd quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider's stock worth $26,000 after buying an additional 291 shares during the last quarter. Waldron Private Wealth LLC acquired a new position in shares of Stifel Financial during the third quarter worth about $34,000. GAMMA Investing LLC raised its holdings in shares of Stifel Financial by 27.7% during the 3rd 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 period. Rothschild Investment LLC acquired a new position in Stifel Financial during the 2nd quarter worth approximately $64,000. Finally, UMB Bank n.a. grew its position in Stifel Financial by 36.6% in the third quarter. UMB Bank n.a. now owns 870 shares of the financial services provider's stock valued at $82,000 after acquiring an additional 233 shares in the last quarter. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, COO David D. Sliney sold 25,000 shares of the business's 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 sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.57% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Citigroup raised their target price on Stifel Financial from $90.00 to $102.00 and gave the company a "neutral" rating in a research note on Friday, September 27th. StockNews.com cut shares of Stifel Financial from a "buy" rating to a "hold" rating in a report on Thursday, October 3rd. JMP Securities upped their price objective 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 boosted 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. Finally, Wells Fargo & Company boosted their target price 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. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $103.17.

Stifel Financial Price Performance

NYSE:SF traded down $0.94 during midday trading on Tuesday, hitting $113.80. 477,015 shares of the stock were exchanged, compared to its average volume of 569,510. The business has a 50-day moving average price of $105.19 and a two-hundred day moving average price of $91.05. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $11.65 billion, a price-to-earnings ratio of 20.56 and a beta of 1.08. Stifel Financial Corp. has a one year low of $62.79 and a one year high of $119.12.

Stifel Financial (NYSE:SF - Get Free Report) last released its 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 return on equity of 14.92% 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 period in the previous year, the firm earned $0.60 earnings per share. Stifel Financial's revenue was up 17.2% on a year-over-year basis. Sell-side analysts predict that Stifel Financial Corp. will post 6.44 EPS for the current year.

Stifel Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.42 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.68 annualized dividend and a yield of 1.48%. Stifel Financial's dividend payout ratio (DPR) is 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.