Stifel Financial Corp. (NYSE:SF) Stock Holdings Lessened by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lowered its holdings in Stifel Financial Corp. (NYSE:SF - Free Report) by 6.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 170,818 shares of the financial services provider's stock after selling 11,351 shares during the quarter. Loomis Sayles & Co. L P owned 0.17% of Stifel Financial worth $16,040,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SF. Bessemer Group Inc. lifted its holdings in Stifel Financial by 388.3% in 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. Advisors Asset Management Inc. acquired a new stake in Stifel Financial in the first quarter valued at $146,000. Price T Rowe Associates Inc. MD increased its position 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. increased its position in shares of Stifel Financial by 7.9% in the first quarter. B. Riley Wealth Advisors Inc. now owns 13,881 shares of the financial services provider's stock valued at $1,085,000 after buying an additional 1,016 shares in the last quarter. Finally, Hancock Whitney Corp purchased a new position in shares of Stifel Financial in the first quarter valued at $591,000. Institutional investors and hedge funds own 82.01% of the company's stock.

Stifel Financial Trading Down 0.4 %

NYSE:SF traded down $0.41 during mid-day trading on Wednesday, reaching $116.27. The company's stock had a trading volume of 397,069 shares, compared to its average volume of 571,171. The company's fifty day simple moving average is $103.28 and its two-hundred day simple moving average is $90.14. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78. Stifel Financial Corp. has a twelve month low of $60.17 and a twelve month high of $119.12. The stock has a market cap of $11.90 billion, a P/E ratio of 21.10 and a beta of 1.08.

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 (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 business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the business posted $0.60 earnings per share. The firm's quarterly revenue was up 17.2% on a year-over-year basis. On average, equities analysts predict that Stifel Financial Corp. will post 6.44 EPS for the current year.

Stifel Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Monday, December 2nd. Stifel Financial's dividend payout ratio is currently 30.38%.

Insider Activity

In related news, COO David D. Sliney sold 25,000 shares of the business's stock in a transaction that occurred 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 directly owns 159,619 shares of the company's stock, valued at approximately $18,544,535.42. The trade was a 13.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 4.57% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SF. TD Cowen raised 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. The Goldman Sachs Group raised their price target on Stifel Financial from $85.00 to $94.00 and gave the company a "neutral" rating in a research report on Thursday, September 26th. JMP Securities raised their price target on Stifel Financial from $105.00 to $110.00 and gave the company a "market outperform" rating in a research report on Wednesday, October 9th. StockNews.com cut Stifel Financial from a "buy" rating to a "hold" rating in a research report on Thursday, October 3rd. Finally, Wells Fargo & Company raised 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. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $103.17.

Stifel Financial 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.