Stifel Financial Corp. (NYSE:SF) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its position in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 90.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,686 shares of the financial services provider's stock after selling 16,651 shares during the period. SG Americas Securities LLC's holdings in Stifel Financial were worth $158,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Versant Capital Management Inc increased its holdings 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 worth $26,000 after buying an additional 291 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in Stifel Financial during the 1st quarter valued at $32,000. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in Stifel Financial during the 1st quarter valued at $33,000. Rothschild Investment LLC bought a new position in Stifel Financial in the 2nd quarter worth $64,000. Finally, Bessemer Group Inc. raised its holdings in Stifel Financial by 388.3% in the 1st quarter. Bessemer Group Inc. now owns 796 shares of the financial services provider's stock worth $62,000 after purchasing an additional 633 shares in the last quarter. Institutional investors own 82.01% of the company's stock.

Stifel Financial Price Performance

NYSE:SF traded down $0.80 during trading hours on Friday, hitting $103.47. 590,265 shares of the stock traded hands, compared to its average volume of 565,180. The company has a market cap of $10.61 billion, a price-to-earnings ratio of 22.14 and a beta of 1.09. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. Stifel Financial Corp. has a 1 year low of $55.01 and a 1 year high of $105.35. The stock has a 50 day moving average price of $91.61 and a 200 day moving average price of $84.75.

Stifel Financial (NYSE:SF - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share (EPS) 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 the consensus estimate of $1.20 billion. Stifel Financial had a net margin of 11.59% and a return on equity of 13.24%. The company's quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 EPS. Sell-side analysts forecast that Stifel Financial Corp. will post 6.49 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.62%. The ex-dividend date was Tuesday, September 3rd. Stifel Financial's payout ratio is 35.67%.

Analysts Set New Price Targets

SF has been the subject of several research reports. JMP Securities upped their price objective on shares of Stifel Financial from $105.00 to $110.00 and gave the stock a "market outperform" rating in a report on Wednesday, October 9th. Wolfe Research lowered shares of Stifel Financial from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 22nd. The Goldman Sachs Group raised their price target on shares of Stifel Financial from $85.00 to $94.00 and gave the company a "neutral" rating in a report on Thursday, September 26th. TD Cowen raised their price objective on shares of Stifel Financial from $100.00 to $105.00 and gave the stock a "hold" rating in a report on Thursday. Finally, Wells Fargo & Company raised their price objective on shares of Stifel Financial from $108.00 to $113.00 and gave the stock an "overweight" rating in a report on Thursday. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $100.33.

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.