Harbor Capital Advisors Inc. Has $4.94 Million Stock Holdings in Stifel Financial Corp. (NYSE:SF)

Harbor Capital Advisors Inc. boosted its stake in Stifel Financial Corp. (NYSE:SF - Free Report) by 99.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,648 shares of the financial services provider's stock after acquiring an additional 26,215 shares during the quarter. Harbor Capital Advisors Inc. owned 0.05% of Stifel Financial worth $4,944,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SF. Van ECK Associates Corp lifted its position in Stifel Financial by 36.5% during the 1st quarter. Van ECK Associates Corp now owns 35,083 shares of the financial services provider's stock worth $2,742,000 after buying an additional 9,384 shares in the last quarter. Diversify Advisory Services LLC bought a new stake in Stifel Financial during the 1st quarter worth about $237,000. BNP Paribas Financial Markets lifted its position in Stifel Financial by 16.9% during the 1st quarter. BNP Paribas Financial Markets now owns 8,223 shares of the financial services provider's stock worth $643,000 after buying an additional 1,187 shares in the last quarter. Capstone Investment Advisors LLC bought a new stake in Stifel Financial during the 1st quarter worth about $448,000. Finally, Fidelis Capital Partners LLC bought a new stake in Stifel Financial during the 1st quarter worth about $32,000. 82.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. JMP Securities upped their target price on shares of Stifel Financial from $105.00 to $110.00 and gave the company a "market outperform" rating in a report on Wednesday, October 9th. Wolfe Research cut shares of Stifel Financial from an "outperform" rating to a "peer perform" rating in a report on Monday, July 22nd. StockNews.com cut shares of Stifel Financial from a "buy" rating to a "hold" rating in a report on Thursday, October 3rd. The Goldman Sachs Group upped their target price 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. Finally, 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 report on Thursday, October 24th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Stifel Financial currently has an average rating of "Hold" and an average target price of $100.33.

Stifel Financial Stock Performance

SF traded down $2.03 on Monday, reaching $101.24. The company had a trading volume of 812,950 shares, compared to its average volume of 567,452. Stifel Financial Corp. has a fifty-two week low of $59.16 and a fifty-two week high of $106.10. The stock has a market cap of $10.38 billion, a P/E ratio of 18.67 and a beta of 1.08. The company's fifty day moving average is $93.82 and its 200 day moving average is $86.08. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.80 and a current ratio of 0.84.

Stifel Financial (NYSE:SF - Get Free Report) last announced its 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 15.11% and a net margin of 12.98%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the company earned $0.60 EPS. The business's revenue for the quarter was up 17.2% on a year-over-year basis. As a group, analysts predict that Stifel Financial Corp. will post 6.44 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Monday, December 2nd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.66%. Stifel Financial's payout ratio is presently 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.