Icon Wealth Advisors LLC Takes $12.29 Million Position in Stifel Financial Corp. (NYSE:SF)

Icon Wealth Advisors LLC acquired a new stake in Stifel Financial Corp. (NYSE:SF - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 130,880 shares of the financial services provider's stock, valued at approximately $12,290,000. Stifel Financial comprises 0.5% of Icon Wealth Advisors LLC's investment portfolio, making the stock its 25th largest holding. Icon Wealth Advisors LLC owned 0.13% of Stifel Financial at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Versant Capital Management Inc boosted its position in Stifel Financial by 1,818.8% during the second quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider's stock worth $26,000 after purchasing an additional 291 shares during the period. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Stifel Financial during the 1st quarter worth $33,000. Waldron Private Wealth LLC acquired a new position in Stifel Financial in the 3rd quarter valued at $34,000. GAMMA Investing LLC lifted its position in Stifel Financial by 27.7% during the 3rd quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider's stock worth $47,000 after acquiring an additional 109 shares during the last quarter. Finally, Bessemer Group Inc. boosted its holdings in Stifel Financial by 388.3% during the first quarter. Bessemer Group Inc. now owns 796 shares of the financial services provider's stock valued at $62,000 after acquiring an additional 633 shares during the period. 82.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling 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 completion of the sale, the chief operating officer now directly owns 159,619 shares in the company, valued at approximately $18,544,535.42. This trade represents a 13.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 4.57% of the company's stock.

Stifel Financial Price Performance

SF traded up $1.21 during midday trading on Friday, reaching $116.22. 488,504 shares of the company's stock were exchanged, compared to its average volume of 570,003. 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 business has a 50-day simple moving average of $101.55 and a two-hundred day simple moving average of $89.34. The firm has a market capitalization of $11.90 billion, a price-to-earnings ratio of 21.01 and a beta of 1.08. Stifel Financial Corp. has a one year low of $60.17 and a one year high of $118.12.

Stifel Financial (NYSE:SF - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.10). Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the business earned $0.60 EPS. Stifel Financial's quarterly revenue was up 17.2% compared to the same quarter last year. As a group, research analysts predict that Stifel Financial Corp. will post 6.44 EPS for the current year.

Stifel Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued 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 is currently 30.38%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SF shares. StockNews.com lowered Stifel Financial from a "buy" rating to a "hold" rating in a research note on Thursday, October 3rd. Wells Fargo & Company upped their price target on Stifel Financial from $113.00 to $130.00 and gave the stock an "overweight" rating in a report on Wednesday, November 13th. Citigroup raised their price objective on shares of Stifel Financial from $90.00 to $102.00 and gave the stock a "neutral" rating in a research note on Friday, September 27th. TD Cowen upped their target price on shares of Stifel Financial from $100.00 to $105.00 and gave the company a "hold" rating in a research note on Thursday, October 24th. Finally, JMP Securities increased their target price on shares of Stifel Financial from $105.00 to $110.00 and gave the company a "market outperform" rating in a research note on Wednesday, October 9th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $103.17.

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.