Los Angeles Capital Management LLC boosted its holdings in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 2.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 305,055 shares of the financial services provider's stock after acquiring an additional 8,481 shares during the period. Los Angeles Capital Management LLC owned approximately 0.30% of Stifel Financial worth $28,645,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SF. Versant Capital Management Inc raised its stake in shares of 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 valued at $26,000 after purchasing an additional 291 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Stifel Financial in the 1st quarter valued at about $33,000. Waldron Private Wealth LLC acquired a new stake in shares of Stifel Financial in the 3rd quarter valued at about $34,000. GAMMA Investing LLC raised its stake in shares of Stifel Financial by 27.7% in the 3rd 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 period. Finally, Bessemer Group Inc. raised its stake in shares of Stifel Financial by 388.3% in the 1st quarter. Bessemer Group Inc. now owns 796 shares of the financial services provider's stock valued at $62,000 after purchasing an additional 633 shares during the period. 82.01% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several analysts have issued reports on the company. Wells Fargo & Company lifted their price target on Stifel Financial from $108.00 to $113.00 and gave the company an "overweight" rating in a research note on Thursday, October 24th. The Goldman Sachs Group lifted their target price on Stifel Financial from $85.00 to $94.00 and gave the company a "neutral" rating in a research report on Thursday, September 26th. Wolfe Research downgraded Stifel Financial from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 22nd. Citigroup lifted their target price on Stifel Financial from $90.00 to $102.00 and gave the company a "neutral" rating in a research report on Friday, September 27th. Finally, JMP Securities lifted their target price 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. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Stifel Financial currently has an average rating of "Hold" and an average target price of $100.33.
Check Out Our Latest Stock Report on Stifel Financial
Stifel Financial Stock Performance
NYSE SF traded up $2.19 during trading on Monday, reaching $117.49. 495,798 shares of the company's stock were exchanged, compared to its average volume of 571,076. The business has a 50 day moving average price of $96.69 and a 200-day moving average price of $87.53. The stock has a market capitalization of $12.03 billion, a P/E ratio of 21.25 and a beta of 1.08. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.80. Stifel Financial Corp. has a fifty-two week low of $59.25 and a fifty-two week high of $118.12.
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 for the quarter, missing analysts' consensus estimates of $1.60 by ($0.10). The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. Stifel Financial's quarterly revenue was up 17.2% compared to the same quarter last year. During the same period last year, the firm earned $0.60 EPS. Sell-side analysts forecast that Stifel Financial Corp. will post 6.44 earnings per share for the current fiscal 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 dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Monday, December 2nd. Stifel Financial's dividend payout ratio (DPR) is presently 30.38%.
Stifel Financial Company Profile
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Free Report)
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.
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