Principal Financial Group Inc. Has $94.52 Million Stock Position in Stifel Financial Corp. (NYSE:SF)

Principal Financial Group Inc. lessened its position in Stifel Financial Corp. (NYSE:SF - Free Report) by 2.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,006,574 shares of the financial services provider's stock after selling 28,475 shares during the quarter. Principal Financial Group Inc. owned about 0.98% of Stifel Financial worth $94,517,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SF. GAMMA Investing LLC raised its stake in Stifel Financial by 27.7% during 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 last quarter. Tributary Capital Management LLC raised its position in shares of Stifel Financial by 1.0% during the third quarter. Tributary Capital Management LLC now owns 12,603 shares of the financial services provider's stock valued at $1,183,000 after buying an additional 126 shares during the last quarter. CWM LLC lifted its stake in shares of Stifel Financial by 3.8% in the third quarter. CWM LLC now owns 3,940 shares of the financial services provider's stock valued at $370,000 after buying an additional 145 shares during the period. Delphi Management Inc. MA grew its position in Stifel Financial by 0.8% during the second quarter. Delphi Management Inc. MA now owns 22,778 shares of the financial services provider's stock worth $1,917,000 after buying an additional 176 shares in the last quarter. Finally, Busey Bank increased its stake in Stifel Financial by 7.0% during the third quarter. Busey Bank now owns 3,006 shares of the financial services provider's stock valued at $282,000 after acquiring an additional 196 shares during the period. Institutional investors and hedge funds own 82.01% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on SF shares. Citigroup lifted their price objective on Stifel Financial from $90.00 to $102.00 and gave the stock a "neutral" rating in a report on Friday, September 27th. JMP Securities lifted their price target on shares of Stifel Financial from $105.00 to $110.00 and gave the stock a "market outperform" rating in a research note on Wednesday, October 9th. Wells Fargo & Company increased their price objective on shares of Stifel Financial from $108.00 to $113.00 and gave the company an "overweight" rating in a research note on Thursday, October 24th. 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 research note on Thursday, October 24th. Finally, StockNews.com cut shares of Stifel Financial from a "buy" rating to a "hold" rating in a research note on Thursday, October 3rd. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $100.33.

Stifel Financial Price Performance

Shares of NYSE SF traded up $1.25 during mid-day trading on Friday, hitting $115.30. 447,253 shares of the stock were exchanged, compared to its average volume of 571,423. Stifel Financial Corp. has a twelve month low of $59.25 and a twelve month high of $117.76. The stock's fifty day simple moving average is $96.11 and its two-hundred day simple moving average is $87.20. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.80 and a current ratio of 0.84. The company has a market cap of $11.82 billion, a P/E ratio of 20.85 and a beta of 1.08.

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 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 net margin of 12.98% and a return on equity of 15.11%. The company's revenue for the quarter was up 17.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.60 earnings per share. As a group, analysts forecast that Stifel Financial Corp. will post 6.44 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Monday, December 2nd. Stifel Financial's dividend payout ratio is currently 30.38%.

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.