Stifel Financial Corp. (NYSE:SF) Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P trimmed its position in Stifel Financial Corp. (NYSE:SF - Free Report) by 95.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,042 shares of the financial services provider's stock after selling 58,735 shares during the quarter. Martingale Asset Management L P's holdings in Stifel Financial were worth $286,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake 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 worth $4,055,000 after acquiring an additional 2,419 shares during the last quarter. Cetera Advisors LLC acquired a new stake in shares of Stifel Financial in the first quarter worth approximately $265,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Stifel Financial in the first quarter worth approximately $113,000. Versant Capital Management Inc boosted its stake in shares of Stifel Financial by 1,818.8% in the second quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider's stock worth $26,000 after acquiring an additional 291 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its stake in shares of Stifel Financial by 2.5% in the second quarter. Park Avenue Securities LLC now owns 17,454 shares of the financial services provider's stock worth $1,469,000 after acquiring an additional 429 shares during the last quarter. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Stifel Financial

In related news, COO David D. Sliney sold 25,000 shares of the business's stock in a transaction dated 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 owns 159,619 shares in the company, valued at approximately $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 SEC, which can be accessed through this link. 4.57% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently commented on SF. TD Cowen boosted their target price on Stifel Financial from $100.00 to $105.00 and gave the stock a "hold" rating in a research note on Thursday, October 24th. Citigroup upped their price objective on Stifel Financial from $90.00 to $102.00 and gave the stock a "neutral" rating in a research report on Friday, September 27th. The Goldman Sachs Group upped their price objective on Stifel Financial from $85.00 to $94.00 and gave the stock a "neutral" rating in a research report on Thursday, September 26th. 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 upped their price objective on Stifel Financial from $113.00 to $130.00 and gave the stock 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 has a consensus rating of "Hold" and a consensus price target of $103.17.

Stifel Financial Price Performance

Stifel Financial stock traded down $0.12 during mid-day trading on Wednesday, hitting $113.63. 398,891 shares of the company were exchanged, compared to its average volume of 568,781. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78. The business's 50 day simple moving average is $105.61 and its two-hundred day simple moving average is $91.27. The company has a market capitalization of $11.63 billion, a P/E ratio of 20.58 and a beta of 1.08. Stifel Financial Corp. has a 12-month low of $62.79 and a 12-month high of $119.12.

Stifel Financial (NYSE:SF - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.60 by ($0.10). The company had revenue of $1.23 billion for 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 business's quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.60 EPS. 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 disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Monday, December 2nd. Stifel Financial's dividend payout ratio is currently 30.38%.

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.